Wesco International Inc reports results for the quarter ended March 31 - Earnings Summary

• Wesco International Inc WCC.N reported quarterly adjusted earnings of $2.21​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $2.30. The mean expectation of ten analysts for the quarter was for earnings of $2.32 per share. Wall Street expected results to range from $2.00 to $2.51 per share.

• Revenue fell 0.1% to $5.34 billion from a year ago; analysts expected $5.26 billion.

• Wesco International Inc's reported EPS for the quarter was $2.10​.

• The company reported quarterly net income of $104 million.

• Wesco International Inc shares had risen by 4.9% this quarter and lost 9.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 8.2% in the last three months.​

• In the last 30 days, two 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," 2 "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 $208.00

This summary was machine generated from LSEG data May 1 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)