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

Watsco

30/07/2024 14:32

* Watsco Inc  WSO.N  reported quarterly adjusted earnings of
$4.49​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of $4.42. 
The mean expectation of eleven analysts for the quarter was
for earnings of $4.69 per share. Wall Street expected results to
range from $4.43  to $5.12 per share.
    * Revenue rose 6.8% to $2.14 billion from a year ago;
analysts
expected $2.18 billion. 
    * Watsco Inc's reported EPS for the quarter was $4.49​.
    * The company reported quarterly net income of $168.8
million.
    * Watsco Inc shares had risen by 8.7% this quarter and
gained 17.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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 average consensus recommendation for the electrical
components & equipment peer group is also "hold"

Wall Street's median 12-month price target for Watsco Inc is
$430.00 
This summary was machine generated from LSEG data July 30 at
01:32 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      4.69           4.49           Missed
 Mar. 31 2024      2.28           2.17           Missed
 Dec. 31 2023      2.41           2.06           Missed
 Sep. 30 2023      4.29           4.35           Beat