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

WESCO International

02/11/2023 13:34

* Wesco International Inc  WCC.N  reported quarterly
adjusted
earnings of $4.49​​ per share for the quarter ended in
September, identical to the same quarter last year.  The mean
expectation of ten analysts for the quarter was for earnings of
$3.88 per share. Wall Street expected results to range from
$3.65  to $4.09 per share.
    * Revenue rose 3.6% to $5.64 billion from a year ago;
analysts
expected $5.65 billion. 
    * Wesco International Inc's reported EPS for the quarter was
$4.20​.
    * The company reported quarterly net income of $219 million.
    * Wesco International Inc shares had fallen by 8.9% this
quarter and gained 4.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.6%
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 10 "strong buy" or "buy," 1
"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 $192.00 
This summary was machine generated from LSEG data November 2 at
01:34 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      3.88           4.49           Beat
 Jun. 30 2023      4.45           3.71           Missed
 Mar. 31 2023      3.57           3.75           Beat
 Dec. 31 2022      3.79           4.13           Beat