W.W. Grainger shares jump 4.1% after Strait of Hormuz reopening

EarningsCorporate Action
โดย Zacks Investment Research·Read original
Summary · why it matters

W.W. Grainger shares soared 4.1% in the last trading session to close at $1. The move came on heavy volume and followed the reopening of the Strait of Hormuz after a U.S.-Iran agreement, which boosted investor appetite for growth stocks. The company also raised its 2026 guidance after a strong first quarter, now expecting net sales of $19.2-$19.6 billion and earnings per share of $44.25-$46.25, and increased its quarterly dividend by 10%. For the upcoming report, analysts estimate earnings of $11.16 per share on revenues of $4.93 billion, with the consensus EPS estimate revised 1.1% higher over the last 30 days. The stock carries a Zacks Rank #3, or Hold.

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Raised 2026 guidance and increased dividend by 10%

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