Watsco Q4 EPS $2.06 Misses $2.41 Estimate, Sales $1.60B Miss $1.65B Estimate
Portfolio Pulse from Benzinga Newsdesk
Watsco (NYSE:WSO) reported Q4 earnings of $2.06 per share, missing the $2.41 estimate, and sales of $1.60B, missing the $1.65B estimate. This represents a 41.97% decrease in earnings per share and a 1.39% increase in sales compared to the same period last year.
February 13, 2024 | 12:02 pm
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NEGATIVE IMPACT
Watsco reported lower-than-expected Q4 earnings and sales, with a significant decrease in EPS compared to last year.
Missing both earnings and sales estimates significantly, especially with a sharp decrease in EPS year-over-year, is likely to negatively impact investor sentiment and potentially the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100