Why Watsco Stock Is Higher Today [Yahoo! Finance]
Watsco, Inc. (WSO)
Last watsco, inc. earnings: 4/23 07:30 am
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Source: Yahoo! Finance
In the first quarter, the company failed to meet expectations once again, but the markets are encouraged by what management sees up ahead. Shares of Watsco were up 7% as of 2 p.m. ET in the wake of the industrial distributor's earnings release. Things could heat up come summer Watsco is a distributor of parts and products for the North American heating, air conditioning, and refrigeration (HVAC) market. In 2023, the company at times felt the impact of softening demand from customers due to economic uncertainty. Those headwinds continued into 2024. Watsco earned $2.17 per share on revenue of $1.56 billion in the quarter, falling short of Wall Street's estimates for earnings of $2.28 per share on sales of $1.59 billion. Revenue was up 1% including the impact of acquisitions, but down 2% on a same-store basis. But management sees conditions improving heading into the summer cooling season, giving investors a reason for optimism. "While softer market conditions persisted during
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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 (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