Watsco Q2 EPS $4.49 Misses $4.67 Estimate, Sales $2.14B Miss $2.19B Estimate
Portfolio Pulse from Benzinga Newsdesk
Watsco (NYSE:WSO) reported Q2 earnings per share of $4.49, missing the analyst estimate of $4.67. Sales were $2.14 billion, also below the $2.19 billion estimate. Despite the misses, both EPS and sales showed year-over-year growth.
July 30, 2024 | 11:35 am
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Watsco's Q2 earnings and sales both missed analyst estimates, but showed year-over-year growth. This mixed result may lead to short-term volatility in the stock price.
Watsco's Q2 earnings per share of $4.49 missed the analyst consensus estimate of $4.67 by 3.85%, and sales of $2.14 billion missed the $2.19 billion estimate by 2.33%. Despite these misses, both EPS and sales showed year-over-year growth. The market may react negatively in the short term due to the missed estimates, but the year-over-year growth could provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100