Watsco Analysts Increase Their Forecasts Following Q2 Results
Portfolio Pulse from Avi Kapoor
Watsco, Inc. (NYSE:WSO) reported Q2 earnings that missed expectations, with EPS of $4.49 and sales of $2.14 billion. Despite the miss, revenue increased 7% year over year. Analysts have adjusted their price targets, with Baird raising it to $522 and JP Morgan to $425. Watsco shares rose 1.4% following the report.
July 31, 2024 | 6:34 pm
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Watsco reported Q2 earnings that missed expectations, with EPS of $4.49 and sales of $2.14 billion. Despite the miss, revenue increased 7% year over year. Analysts have adjusted their price targets, with Baird raising it to $522 and JP Morgan to $425. Watsco shares rose 1.4% following the report.
Despite missing earnings expectations, Watsco's revenue growth and positive analyst adjustments to price targets have led to a 1.4% increase in share price. This suggests a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100