Ahead of MSC Industrial (MSM) Q1 Earnings: Get Ready With Wall Street Estimates for Key Metrics

Wall Street analysts expect MSC Industrial (MSM) to post quarterly earnings of $0.95 per share in its upcoming report, which indicates a year-over-year increase of 10.5%. Revenues are expected to be $964.99 million, up 3.9% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.In light of this perspective, let's dive into the average estimates of certain MSC Industrial metrics that are commonly tracked and forecasted by Wall Street analysts.The collective assessment of analysts points to an estimated 'Sales Days' of 62 . Compared to the current estimate, the company reported 62 in the same quarter of the previous year.Analysts forecast 'Average Daily Sales (ADS)' to reach $15.55 million. Compared to the current estimate, the company reported $15.00 million in the same quarter of the previous year.The average prediction of analysts places 'Days Sales Outstanding' at 40 . Compared to the current estimate, the company reported 41 in the same quarter of the previous year. View all Key Company Metrics for MSC Industrial here>>> Over the past month, MSC Industrial shares have recorded returns of +0.4% versus the Zacks S&P 500 composite's +0.8% change. Based on its Zacks Rank #3 (Hold), MSM will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .Free Report: Profiting from the 2nd Wave of AI ExplosionThe next phase of the AI explosion is poised to create significant wealth for investors, especially those who get in early. It will add literally trillion of dollars to the economy and revolutionize nearly every part of our lives.Investors who bought shares like Nvidia at the right time have had a shot at huge gains.But the rocket ride in the "first wave" of AI stocks may soon come to an end. The sharp upward trajectory of these stocks will begin to level off, leaving exponential growth to a new wave of cutting-edge companies.Zacks' AI Boom 2.0: The Second Wave report reveals 4 under-the-radar companies that may soon be shining stars of AI’s next leap forward.Access AI Boom 2.0 now, absolutely free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report MSC Industrial Direct Company, Inc. (MSM): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks