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

WESCO International

01/11/2024 03:03

* Wesco International Inc  WCC.N  reported quarterly
adjusted
earnings of $3.58​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of $4.49.  The mean expectation of ten analysts for
the quarter was for earnings of $3.21 per share. Wall Street
expected results to range from $3.13  to $3.34 per share.
    * Revenue fell 2.7% to $5.49 billion from a year ago;
analysts
expected $5.26 billion. 
    * Wesco International Inc's reported EPS for the quarter was
$3.81​.
    * The company reported quarterly net income of $189.9
million.
    * Wesco International Inc shares had risen by 5.8% this
quarter and gained 2.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9.3%
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 "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 3
"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 210.00 
This summary was machine generated from LSEG data November 1 at
03:02 a.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      3.21           3.58           Beat
 Jun. 30 2024      3.60           3.21           Missed
 Mar. 31 2024      2.52           2.30           Missed
 Dec. 31 2023      3.86           2.65           Missed