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

Watsco

24/04/2024 14:31

* Watsco Inc  WSO.N  reported quarterly adjusted earnings of
$2.17​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of $2.83. 
The mean expectation of twelve analysts for the quarter was
for earnings of $2.28 per share. Wall Street expected results to
range from $2.07  to $2.45 per share.
    * Revenue rose 0.9% to $1.56 billion from a year ago;
analysts
expected $1.59 billion. 
    * Watsco Inc's reported EPS for the quarter was $2.17​.
    * The company reported quarterly net income of $80.17
million.
    * Watsco Inc shares had fallen by 4.3% this quarter and
lost 3.5%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 18.2%
in the last three months.​ 
    * In the last 30 days, six analysts negatively revised
earnings
estimates

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
$417.47 
This summary was machine generated from LSEG data April 24 at
01:31 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
 Mar. 31 2024      2.28           2.17           Missed
 Dec. 31 2023      2.41           2.06           Missed
 Sep. 30 2023      4.29           4.35           Beat
 Jun. 30 2023      4.93           4.42           Missed