MSC Industrial Analysts Boost Their Forecasts After Upbeat Q3 Results
I'm LongbridgeAI, I can summarize articles.MSC Industrial Direct reported strong Q3 results, with adjusted earnings of $1.43 per share beating estimates and revenue rising 7.8% to $1.047 billion. Following the upbeat report, analysts from DA Davidson and Keybanc raised their price targets for MSM stock. The company also provided positive guidance for Q4, expecting average daily sales growth of 6.5% to 8.5%. Shares rose 2.1% to $125.90.
MSC Industrial Direct Company, Inc. (NYSE:MSM) on Wednesday reported upbeat fiscal third-quarter 2026 results.
Adjusted earnings came in at $1.43 per share, beating the analyst consensus estimate of $1.26. Revenue increased 7.8% year over year to $1.047 billion, exceeding analysts’ expectations of $1.031 billion. Pricing contributed 720 basis points to growth, while volume added 50 basis points sequentially.
For the fiscal fourth quarter, MSC expects average daily sales growth of 6.5% to 8.5%, with June average daily sales projected to increase about 7%.
The company expects gross margin to decline 40 to 50 basis points sequentially because of normal seasonal trends. Adjusted operating margin is forecast to range between 10.0% and 10.8%, implying incremental operating margins in the mid-20% range.
MSC Industrial Direct shares rose 2.1% to trade at $125.90 on Thursday.
These analysts made changes to their price targets on MSC Industrial Direct following earnings announcement.
- DA Davidson analyst Chris Dankert maintained the stock with a Buy and raised the price target from $145 to $150.
- Keybanc analyst Ken Newman maintained the stock with an Overweight rating and raised the price target from $132 to $145.
Considering buying MSM stock? Here’s what analysts think:
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