Watsco Inc reports results for the quarter ended June 30 - Earnings Summary

• Watsco Inc WSO.N reported quarterly adjusted earnings of $4.52​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $4.49. The mean expectation of fourteen analysts for the quarter was for earnings of $4.80 per share. Wall Street expected results to range from $4.67 to $4.97 per share.

• Revenue fell 3.6% to $2.06 billion from a year ago; analysts expected $2.23 billion.

• Watsco Inc's reported EPS for the quarter was $4.52​.

• The company reported quarterly net income of $171.45 million.

• Watsco Inc shares had risen by 5.3% this quarter and lost 1.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.7% in the last three months.​

• In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy," 13 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the electrical components & equipment peer group is "buy."

• Wall Street's median 12-month price target for Watsco Inc is $480.00, about 3.2% above its last closing price of $464.82

This summary was machine generated from LSEG data July 30 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)