Watsco (WSO) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on October 23, 2024, might help the stock move higher if these key numbers are better than ex ...

MIAMI, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) announced today that it will host a conference call to discuss its 2024 third quarter financial results on Wednesday, October 23, 2024 at 10:00 a.m. (EDT). Prepared remarks regarding the results will be followed by a question-and-answer session with the senior management team. The conference call will be web-cast by CCBN's StreetEvents and can be found under the link highlighted on our website at www.watsco.com. The earnings results will be r ...

MIAMI, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) announced today that Rick Gomez, Vice President of Corporate Development, is scheduled to present at the 12th Annual Morgan Stanley Laguna Conference being held at the Ritz Carlton, Laguna Niguel on Wednesday, September 11, 2024 at 3:10 p.m. (PDT). Internet users can listen to a live webcast of the presentation at the Investor Relations section of Watsco's website at http://www.watsco.com. About Watsco Watsco operates the largest distributio ...

It has been about a month since the last earnings report for Watsco (WSO) . Shares have lost about 3.5% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Watsco due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Watsco Q2 Earnings Lag, Revenues Beat, Margins Down Y/Y ...

Watsco, Inc. (WSO) is benefiting from consistent investments in technological advancements and strategic buyouts. Also, the solid performance of heating, ventilation and air conditioning (HVAC) equipment and commercial refrigeration products segments added to the uptrend. It is steadily advancing toward its goal of expanding customer-focused technologies to a growing number of contractors. Apart from Watsco's technology investments that are expected to drive future growth, WSO anticipates that industry-driv ...

For the quarter ended June 2024, Watsco (WSO) reported revenue of $2.14 billion, up 6.8% over the same period last year. EPS came in at $4.49, compared to $4.42 in the year-ago quarter. The reported revenue represents a surprise of -0.16% over the Zacks Consensus Estimate of $2.14 billion. With the consensus EPS estimate being $4.75, the EPS surprise was -5.47%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectation ...

Table of Contents Title of each classTrading Symbol(s)Name of each exchange on which registered Common stock, $0.50 par value WSO New York Stock Exchange Class B common stock, $0.50 par value WSOB New York Stock Exchange Emerging growth company ☐ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended June 30, 2024 or ☐ Transition Report Pursuant To Section 13 or ...

Watsco, Inc. WSO reported worse-than-expected second-quarter financial results on Tuesday. The company reported quarterly earnings per share of $4.49, missing the street view of $4.67. Sales of $2.14 billion missed the analyst consensus of $2.19 billion. Revenue increased 7% year over year (4% increase on a same-store basis). Gross profit increased 3% to $580 million, with 27.1% gross margin. "We now look ahead to the next important regulatory transition and the introduction of new products by our OEM partn ...

As of Jun 30, 2024, Watsco's cash and cash equivalents, along with short-term cash investments, totaled $424.9 million, up from $210.1 million at the end of 2023. The company has no borrowings under its unsecured $600 million credit facility, providing substantial access to capital for new growth opportunities. Watsco currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. KBR performed well across key metrics and expects this trend to conti ...

Growth, but short of expectations Is Watsco a buy? The company's quarter came in below what Wall Street had expected. Watsco is a distributor of parts and supplies for the heating, air conditioning, and refrigeration (HVAC) industry. The company earned $4.49 per share in the quarter on revenue of $2.14 billion, generating 7% year-over-year sales growth. The company saw strong 8% growth in its HVAC equipment segment, which accounts for 71% of total sales. Operating cash flow also turned positive and improved ...