Insights Ahead: Watsco's Quarterly Earnings

Watsco (NYSE:WSO) is gearing up to announce its quarterly earnings on Wednesday, 2024-10-23. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Watsco will report an earnings per share (EPS) of $4.76.

The announcement from Watsco is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.

It's worth noting for new investors that guidance can be a key determinant of stock price movements.

Historical Earnings Performance

The company's EPS missed by $0.18 in the last quarter, leading to a 1.74% increase in the share price on the following day.

Here's a look at Watsco's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

4.67

2.28

2.41

4.27

EPS Actual

4.49

2.17

2.06

4.35

Price Change %

2.0%

1.0%

1.0%

-2.0%

Tracking Watsco's Stock Performance

Shares of Watsco were trading at $492.22 as of October 21. Over the last 52-week period, shares are up 43.65%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analysts' Perspectives on Watsco

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Watsco.

The consensus rating for Watsco is Outperform, derived from 3 analyst ratings. An average one-year price target of $499.0 implies a potential 1.38% upside.

Analyzing Ratings Among Peers

The analysis ...