W.W. Grainger, Inc. GWW is scheduled to report second-quarter 2021 results on Jul 30, before the opening bell.Q2 EstimatesThe Zacks Consensus Estimate for second-quarter revenues is pegged at $3.22 billion, indicating growth of 13.6% from the year-ago period. The Consensus Estimate for earnings per share stands at $4.58, suggesting an improvement of 22.1% from the prior-year quarter. The estimate for earnings has gone up 0.2% over the past 30 days.Q1 ResultsIn the last reported quarter, Grainger’s earnings and revenues increased year over year. Both the bottom-and top-line figures beat the respective Zacks Consensus Estimate. The company has a trailing four-quarter average earnings surprise of 4.4%.W.W. Grainger, Inc. Price and EPS Surprise W.W. Grainger, Inc. price-eps-surprise | W.W. Grainger, Inc. QuoteWhat the Zacks Model IndicatesOur proven model predicts an earnings beat for Grainger this season. The combination of a positive Earnings ESP, and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold), increases the odds of an earnings beat.Earnings ESP: Grainger has an Earnings ESP of +0.71%.Zacks Rank: The company currently carries a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank stocks here.Factors to NoteGrainger has been seeing a surge in sales of personal protective equipment (PPE) and safety products on higher customer demand in response to the coronavirus pandemic. This rising demand is primarily stemming from customers on the front-lines of the pandemic, including hospitals, healthcare providers, governments, first responders and critical manufactures. It has been witnessing increased levels of safety and cleaning product sales to large healthcare, government and critical manufacturing customers, which are anticipated to have favored the second-quarter performance. Further, e-commerce sales have been on the rise as customers are staying indoors amid the health crisis. This is likely to have contributed to the to-be-reported quarter’s performance. Demand recovery for non-pandemic products is also likely to get reflected in the bottom-line results.The COVID-19 pandemic has prompted a shift in demand toward lower-margin products. In addition, higher operating costs in response to the pandemic and related activities might have impacted Grainger’s operating margin during the April-June period. Nevertheless, its ongoing cost-control measures undertaken in the wake of the ongoing uncertainty is expected to have offset some of the impact. In fact, while Grainger’s Canada business has been hurt by the pandemic-induced weakness, its focus on reducing cost structure in the operations is likely to have aided margin growth in this business during the second quarter.Price PerformanceShares of the company have gained 39.1% in a year’s time, outperforming the industry’s growth of 22.1%.Image Source: Zacks Investment ResearchOther Stocks Poised to Beat Earnings EstimatesHere are some other Industrial Products stocks, which you may consider as our model shows that these too have the right combination of elements to post an earnings beat in their upcoming releases.Terex Corporation TEX has an Earnings ESP of +15.41% and flaunts a Zacks Rank of 1, at present.Welbilt, Inc. WBT has an Earnings ESP of +44.68% and carries a Zacks Rank #2, currently.Reliance Steel & Aluminum Co. RS, currently a Zacks #2 Ranked stock, has an Earnings ESP of +18.52 %. +1,500% Growth: One of 2021’s Most Exciting Investment Opportunities In addition to the stocks you read about above, would you like to see Zacks’ top picks to capitalize on the Internet of Things (IoT)? It is one of the fastest-growing technologies in history, with an estimated 77 billion devices to be connected by 2025. That works out to 127 new devices per second. Zacks has released a special report to help you capitalize on the Internet of Things’s exponential growth. It reveals 4 under-the-radar stocks that could be some of the most profitable holdings in your portfolio in 2021 and beyond.Click here to download this report FREE >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Terex Corporation (TEX): Free Stock Analysis Report Reliance Steel & Aluminum Co. (RS): Free Stock Analysis Report W.W. Grainger, Inc. (GWW): Free Stock Analysis Report Welbilt, Inc. (WBT): Free Stock Analysis Report To read this article on Zacks.com click here.