Watsco (WSO) Q4 Earnings & Revenues Miss, 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 HVAC equipment witnessed flat sales while sales in other HVAC products declined, year over year. Also, sales volume for commercial refrigeration products was down. Furthermore, high costs and expenses impacted the bottom line of the company. Nonetheless, the company's focus on improving its operating efficiency, conforming inventory levels to current conditions and generating cash flow are encouraging through 2024. Following the announcement, shares of Watsco declined 6.4% during the trading session on Feb 13. Inside the Numbers Watsco reported quarterly earnings of $2.06 per share, lagging the Zacks Consensus Estimate of $2.50 by 17.6%. In the year-ago quarter, the company reported adjusted earnings per share of $2.35. Watsco, Inc. Price, Consensus and EPS Surprise Watsco, Inc. price-consensus-eps-surprise-chart | Watsco, Inc. Quote
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WSO
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 (WSO) Q1 Earnings & Revenues Lag, Margins Down Y/Y [Yahoo! Finance]Yahoo! Finance
- 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
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