Watsco Inc expected to post earnings of $2.28 a share - Earnings Preview

Watsco

22/04/2024 15:18

* Watsco Inc  WSO.N   WSO  is expected to show a rise in
quarterly
revenue when it reports  results on April 24 for the period
ending March 31 2024
    * The Coconut Grove Florida-based  company is expected to
report a
2.8% increase in revenue to $1.594 billion from $1.55 billion a
year ago, according to the mean estimate from 10 analysts, based
on LSEG data. (TOTAL SALES/REVENUE)
    * ​LSEG's mean analyst estimate for Watsco Inc is for
earnings of
$2.28 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 9
"hold" and 2 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Watsco Inc
is
$417.47​, above​ its last closing price of $396.92. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  2.42        2.41       2.06      Missed  -14.6
 Sep. 30 2023  4.28        4.29       4.35      Beat    1.5
 Jun. 30 2023  4.95        4.93       4.42      Missed  -10.3​
 Mar. 31 2023  2.32        2.36       2.83      Beat    19.7
 ​​Dec.        2.11        2.12       3.55      Beat    67.3
 31 2022                                                
 Sep. 30 2022  4.49        4.37       4.03      Missed  -7.8​
 Jun. 30 2022  5.22        5.05       4.93      Missed  -2.4
 Mar. 31 2022  1.76        1.78       2.90      Beat    63.4
 This summary was machine generated April 22 at 14:18 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)