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Graco Inc. (GGG) Q4 2023 Earnings Call Transcript

Although the revenue and EPS for Graco Inc. (GGG) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Graco Inc. (GGG), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2023.

Graco Inc. (GGG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

MINNEAPOLIS--(BUSINESS WIRE)--Graco Inc. (NYSE: GGG) announced today that it will release its Fourth Quarter 2023 earnings after the New York Stock Exchange closes on Monday, January 29, 2024. A full-text copy of the earnings announcement will be available on the Company's website at investors.graco.com. Graco management will hold a conference call, including slides via webcast, with analysts and institutional investors to discuss the results at 11 a.m. ET / 10 a.m. CT on Tuesday, January 30, 2.

Strength in the Industrial segment due to improved project activity in the Asia Pacific region bodes well for Graco (GGG). The company's measures to reward its shareholders are encouraging.

Graco Inc. (GGG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Graco (GGG) stands to benefit from the solid momentum in the Industrial segment, driven by improved project activity in the Asia Pacific region. However, cost inflation is concerning.

Graco Inc. (GGG) reported earnings 30 days ago. What's next for the stock?

Graco Inc. (GGG) possesses solid growth attributes, which could help it handily outperform the market.