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

WESCO International

02/05/2024 16:07

* Wesco International Inc  WCC.N  reported quarterly
adjusted
earnings of $1.95​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of $3.75.  The mean expectation of ten analysts for the
quarter was for earnings of $2.52 per share. Wall Street
expected results to range from $2.25  to $2.83 per share.
    * Revenue fell 3.1% to $5.35 billion from a year ago;
analysts
expected $5.30 billion. 
    * Wesco International Inc's reported EPS for the quarter was
$1.95​.
    * The company reported quarterly net income of $101.4
million.
    * Wesco International Inc shares had fallen by 9.9% this
quarter and lost 11.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 31.3%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electrical
components & equipment peer group is also "buy"

Wall Street's median 12-month price target for Wesco
International Inc is $190.00 
This summary was machine generated from LSEG data May 2 at 03:07
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      2.52           1.95           Missed
 Dec. 31 2023      3.86           2.65           Missed
 Sep. 30 2023      3.88           4.49           Beat
 Jun. 30 2023      4.45           3.71           Missed