MSC Industrial FY14 guidance could be 'abysmal,' says William Blair William Blair expects MSC Industrial to issue FY14 guidance for the first time this quarter, and thinks the earnings midpoint could be $4.15, below the consensus estimate of $4.48. The firm expects a Q1 outlook of 95c-$1.00, below the consensus of $1.06. William Blair says MSC has been clear that weak demand, soft pricing, and growth investment is leading to margin erosion. The firm recommends buying shares on any pullback from the outlook and keeps an Outperform rating on the stock.
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