MSC Industrial Guides Q1 EPS Below View - Quick Facts

(RTTNews) - While reporting financial results for the fourth quarter and fiscal 2019 on Thursday, MSC Industrial Supply Co. (MSM) provided earnings and sales outlook for the first quarter.

For the first quarter, the company expects earnings in a range of $1.12 and $1.18 per share and adjusted earnings in a range of $1.15 and $1.21 per share on net sales between $811 million and $827 million. At the midpoint, average daily sales are expected to decrease roughly 1.5 percent compared to last year's first quarter.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $1.27 per share on sales of $841.87 million for the quarter. Analysts' estimates typically exclude special items.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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