Watsco Inc expected to post earnings of $4.67 a share - Earnings Preview

Watsco

26/07/2024 15:33

* Watsco Inc  WSO.N   WSO  is expected to show a rise in
quarterly
revenue when it reports  results on July 30 for the period
ending June 30 2024
    * The Coconut Grove Florida-based  company is expected to
report a
9.1% increase in revenue to $2.186 billion from $2 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
$4.67 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
$430.00​, below​ its last closing price of $490.64. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  2.32        2.28       2.17      Missed  -4.7
 Dec. 31 2024  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
 ​​Jan.        2.32        2.36       2.83      Beat    19.7
 1 0001                                                 
 Dec. 31 2022  2.11        2.12       3.55      Beat    67.3​
 Sep. 30 2022  4.49        4.37       4.03      Missed  -7.8
 Jan. 1 0001   5.22        5.05       4.93      Missed  -2.4
 This summary was machine generated July 26 at 14:33 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)