Watsco Q3 2024 GAAP EPS $4.22 Misses $4.75 Estimate, Sales $2.160B Miss $2.244B Estimate
Portfolio Pulse from Benzinga Newsdesk
Watsco's Q3 2024 earnings and sales missed analyst estimates, with EPS at $4.22 versus the expected $4.75 and sales at $2.160 billion versus the expected $2.244 billion. Despite the miss, sales increased by 1.55% compared to the same period last year.
October 23, 2024 | 11:30 am
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NEGATIVE IMPACT
Watsco's Q3 2024 earnings and sales missed analyst expectations, with EPS at $4.22 and sales at $2.160 billion. This could lead to short-term negative sentiment on the stock.
Watsco's earnings and sales both missed analyst estimates, which typically results in negative investor sentiment and potential short-term stock price decline. However, the year-over-year sales growth of 1.55% may mitigate some negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100