Watsco (WSO) Q1 Earnings & Revenues Lag, Margins Down Y/Y [Yahoo! Finance]
Watsco, Inc. (WSO)
Last watsco, inc. earnings: 4/23 07:30 am
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Source: Yahoo! Finance
On a year-over-year basis, the top line grew while the bottom line dwindled. The quarter's results reflect a seasonal sales trend, wherein the sales of HVAC equipment and other HVAC products declined year over year. Furthermore, high costs and expenses impacted the bottom line of the company. This was partially offset by increased sales volume for commercial refrigeration products. Moving into the summer selling season, the company is optimistic about growth in end-market demand. Also, its focus on improving its operating efficiency, investments in technology innovation, generating healthy cash flow and enhancing shareholder value is encouraging through 2024. Following the announcement, shares of Watsco rose 6.5% during the trading session on Apr 24. Inside the Numbers Watsco reported quarterly earnings of $2.17 per share, which lagged the Zacks Consensus Estimate of $2.26 by 4%. In the year-ago quarter, the company reported adjusted earnings per share of $2.83. Revenues o
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News
- This Top Vanguard ETF and Its 1,413 Holdings Are Ready for a Rebound. Here's Why. [Yahoo! Finance]Yahoo! Finance
- Watsco First Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Watsco, Inc. (NYSE: WSO) had its "overweight" rating re-affirmed by analysts at Stephens. They now have a $500.00 price target on the stock.MarketBeat
- Watsco, Inc. (NYSE: WSO) had its price target raised by analysts at Robert W. Baird from $420.00 to $460.00. They now have an "outperform" rating on the stock.MarketBeat
- Why Watsco Stock Is Higher Today [Yahoo! Finance]Yahoo! Finance
WSO
Earnings
- 4/24/24 - Miss
WSO
Sec Filings
- 5/3/24 - Form 424B5
- 5/3/24 - Form 10-Q
- 4/26/24 - Form ARS
- WSO's page on the SEC website