Industrial and commercial distributor Global Industrial (NYSE:GIC) will be reporting earnings tomorrow after market hours. Here’s what to expect.

Global Industrial met analysts’ revenue expectations last quarter, reporting revenues of $347.8 million, up 6.8% year on year. It was an ok quarter for the company, with sales and earnings largely in line with expectations. 

Is Global Industrial a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Global Industrial’s revenue to be flat year on year at $353.4 million, slowing from the 18.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.58 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Global Industrial has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Global Industrial’s peers in the industrial distributors segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Fastenal delivered year-on-year revenue growth of 3.5%, meeting analysts’ expectations, and MSC Industrial reported a revenue decline of 8%, in line with consensus estimates. Fastenal traded up 9.6% following the results while MSC Industrial was down 2.6%.

Read our full analysis of Fastenal’s results here and MSC Industrial’s results here.

Investors in the industrial distributors segment have had fairly steady hands going into earnings, with share prices down 1.1% on average over the last month. Global Industrial is down 1.3% during the same time and is heading into earnings with an average analyst price target of $45 (compared to the current share price of $33.52).

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