Why Is Watsco (WSO) Down 3.5% Since Last Earnings Report?

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 ...