Watsco Inc reports results for the quarter ended in September 30 - Earnings Summary

Watsco

23/10/2024 14:38

* Watsco Inc  WSO.N  reported quarterly adjusted earnings of
$4.22​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of
$4.35.  The mean expectation of eleven analysts for the quarter
was for earnings of $4.73 per share. Wall Street expected
results to range from $4.50  to $5.10 per share.
    * Revenue rose 1.6% to $2.16 billion from a year ago;
analysts
expected $2.24 billion. 
    * Watsco Inc's reported EPS for the quarter was $4.22​.
    * The company reported quarterly net income of $159.15
million.
    * Watsco Inc shares had fallen by 1.4% this quarter and
gained 13.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.8%
in the last three months.​ 
    * In the last 30 days, three 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
$477.50 
This summary was machine generated from LSEG data October 23 at
01:38 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
 Sep. 30 2024      4.73           4.22           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