MSC Industrial Direct Co Inc Class A
MSM: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$28.00 | Nkzlwmt | Vwphffcqk |
MSC Lowers 2024 Guidance Following a Challenging Fiscal Third Quarter
MSC reported preliminary fiscal third-quarter earnings, which showed lower sales and profitability than we had expected. As a result, we reduced our fair value estimate by 4.5% to $104 per share (from $109 previously). The market sent the company’s shares down by approximately 10% in intraday trading.