Watsco Inc reports results for the quarter ended in June - Earnings Summary

Watsco

01/08/2023 14:33

* Watsco Inc  WSO.N  reported quarterly adjusted earnings of
$4.42​​ per share for the quarter ended in June. The mean
expectation of fourteen analysts for the quarter was
for earnings of $4.93 per share.
    * Revenue fell 6.1% to $2.00 billion from a year ago;
analysts
expected $2.19 billion. 
    * Watsco Inc's reported EPS for the quarter was $4.42​.
    * The mean earnings estimate of analysts had fallen by
about 1.1%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates 
    * Watsco Inc shares had fallen by 0.9% this quarter and
gained 51.6% so far this year.
    * The company reported quarterly net income of $160.85
million.
    * Wall Street's median 12-month price target for Watsco Inc
is
$350.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 1 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      4.93           4.42           Missed
 Mar. 31 2023      2.36           2.83           Beat
 Dec. 31 2022      2.12           3.55           Beat
 Sep. 30 2022      4.37           4.03           Missed