Watsco Inc expected to post earnings of $4.73 a share - Earnings Preview

Watsco

21/10/2024 16:48

* Watsco Inc  WSO.N   WSO  is expected to show a rise in
quarterly
revenue when it reports  results on October 23 for the period
ending June 30 2024
    * The Coconut Grove Florida-based  company is expected to
report a
5.5% increase in revenue to $2.244 billion from $2.13 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
$4.69 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 had risen by
about 0.3%
in the last three months. ​
    * Wall Street's median 12-month price target for Watsco Inc
is
477.50​, below​ its last closing price of $502.73. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  4.68        4.69       4.49      Missed  -4.2
 Mar. 31 2024  2.32        2.28       2.17      Missed  -4.7
 Jan. 1 0001   2.42        2.41       2.06      Missed  -14.6​
 Jan. 1 0001   4.28        4.29       4.35      Beat    1.5
 ​​Jan.        4.95        4.93       4.42      Missed  -10.3
 1 0001                                                 
 Jan. 1 0001   2.32        2.36       2.83      Beat    19.7​
 Dec. 31 2022  2.11        2.12       3.55      Beat    67.3
 Sep. 30 2022  4.49        4.37       4.03      Missed  -7.8
 This summary was machine generated October 21 at 15:48 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)