Watsco Q3 EPS $4.35 Beats $4.27 Estimate, Sales $2.13B Beat $2.05B Estimate
Portfolio Pulse from Benzinga Newsdesk
Watsco (NYSE:WSO) reported Q3 earnings of $4.35 per share, beating the analyst consensus estimate of $4.27 by 1.87%. This is a 7.94% increase from the same period last year. The company also reported quarterly sales of $2.13 billion, beating the analyst consensus estimate of $2.05 billion by 3.76%, a 4.47% increase from the same period last year.
October 19, 2023 | 11:34 am
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Watsco's Q3 earnings and sales beat analyst estimates, with a YoY increase of 7.94% and 4.47% respectively. This could potentially lead to a positive market reaction.
Watsco's Q3 earnings and sales have exceeded analyst estimates, which is generally seen as a positive signal by the market. The YoY increase in both earnings and sales indicates strong performance, which could potentially lead to a positive market reaction and an increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100