Watsco (WSO) Q2 Earnings and Revenues Miss Estimates

Company Performance - Watsco reported quarterly earnings of $4.52 per share, missing the Zacks Consensus Estimate of $4.84 per share, representing an earnings surprise of -6.61% [1] - The company posted revenues of $2.06 billion for the quarter, missing the Zacks Consensus Estimate by 6.82%, compared to year-ago revenues of $2.14 billion [2] - Over the last four quarters, Watsco has surpassed consensus EPS estimates only once [2] Stock Outlook - Watsco shares have declined approximately 1.9% since the beginning of the year, while the S&P 500 has gained 8.3% [3] - The current consensus EPS estimate for the upcoming quarter is $4.81 on revenues of $2.28 billion, and for the current fiscal year, it is $14.16 on revenues of $7.83 billion [7] Industry Context - The Building Products - Air Conditioner and Heating industry, to which Watsco belongs, is currently ranked in the top 37% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]