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Wesco International (WCC) Lags Q1 Earnings Estimates

Group 1: Earnings Performance - Wesco International reported quarterly earnings of $2.21 per share, missing the Zacks Consensus Estimate of $2.23 per share, and down from $2.30 per share a year ago [1] - The earnings surprise for this quarter was -0.90%, and the company had a previous quarter surprise of -1.86% with actual earnings of $3.16 per share against an expectation of $3.22 [2] - Over the last four quarters, Wesco has surpassed consensus EPS estimates only once [2] Group 2: Revenue Performance - The company posted revenues of $5.34 billion for the quarter, exceeding the Zacks Consensus Estimate by 2.10%, but slightly down from $5.35 billion year-over-year [3] - Wesco has topped consensus revenue estimates three times over the last four quarters [3] Group 3: Stock Performance and Outlook - Wesco International shares have declined approximately 10% since the beginning of the year, compared to a -5.3% decline in the S&P 500 [4] - The company's earnings outlook is mixed, with a current Zacks Rank of 3 (Hold), indicating expected performance in line with the market [7] - The current consensus EPS estimate for the upcoming quarter is $3.40 on revenues of $5.62 billion, and for the current fiscal year, it is $13.25 on revenues of $22.27 billion [8] Group 4: Industry Context - The Electronics - Parts Distribution industry, to which Wesco belongs, is currently in the top 38% of over 250 Zacks industries, suggesting a favorable industry outlook [9]