Watsco Inc expected to post earnings of $4.93 a share - Earnings Preview

Watsco

28/07/2023 18:53

* Watsco Inc  WSO.N   WSO  is expected to show a rise in
quarterly
revenue when it reports  results on August 1. 
    * The Coconut Grove Florida-based  company is expected to
report 
a 2.5% increase in revenue to $2.188 billion from $2.13 billion
a year ago, according to the mean estimate from 12 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Watsco Inc is for
earnings of $4.93 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 11
"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
$350​, below​ its last closing price of $369.33. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  2.32        2.36       2.83      Beat    19.7
 Dec. 31 2023  2.11        2.12       3.55      Beat    67.3
 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.        1.76        1.78       2.90      Beat    63.4
 31 2022                                                
 Dec. 31 2021  1.69        1.69       2.02      Beat    19.3​
 Sep. 30 2021  3.52        3.51       3.62      Beat    3.1
 Jun. 30 2021  3.15        3.06       3.71      Beat    21.4
 This summary was machine generated July 28 at 17:53 GMT.  All
figures in US dollars  unless otherwise stated