Watsco, Inc. (NYSE:WSO) is reporting third quarter financial results on Thursday 22nd October 2020, before market open.
According to analysts surveyed by Thomson Reuters, WSO is expected to report 3Q20 income of $ 2.47 per share from revenue of $ 1507.70 million.
For the full year, analysts anticipate top line of $ 4933.07 million, while looking forward to income of $ 6.42 per share bottom line.
Previous Quarter Performance
Watsco, Inc. communicated income for the second quarter of $ 2.26 per share, from the revenue of $ 1,355.00 million. The quarterly earnings declined 5.83 percent while revenues fell 1.23 percent compared with the same quarter last year.
Wall street analysts are predicting, WSO to report 2Q20 income of $ 1.87 per share from revenue of $ 1298.51 million. The bottom line results beat street analysts by $ 0.39 or 20.86 percent, at the same time, top line results outshined analysts by $ 56.49 million or 4.35 percent.
Stock Performance
Shares of Watsco, Inc. traded low $ -1.32 or -0.57 percent on Wednesday, reaching $ 228.58 with volume of 77.80 thousand shares. The stock opened positive for the day at $ 230.22, after closing the previous day trading at $ 229.90.
According to the previous trading day, closing price of $ 229.90, representing a 72.90 % increase from the 52 week low of $ 132.97 and a 7.78 % decrease over the 52 week high of $ 249.30.
The company has a market capital of $ 8.83 billion and is part of the Technology sector and Electronics Distribution industry.
Recent Analyst recommendations
- On 13th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 203.00 target price.
Conference Call
Watsco, Inc. will be hosting a conference call at 10:00 AM eastern time on 22nd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.watsco.com
Watsco, Inc., together with its subsidiaries, distributes air conditioning, heating, and refrigeration equipment; and related parts and supplies in the United States, Canada, Mexico, and Puerto Rico. It offers residential ducted and ductless air conditioners; gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment. The company also provides parts comprising replacement compressors, evaporator coils, motors, and other component parts; and supplies, such as thermostats, insulation material, refrigerants, ductwork, grills, registers, sheet metal, tools, copper tubing, concrete pads, tapes, adhesives, and other ancillary supplies.
