* Wesco International Inc reported quarterly adjusted earnings of $3.58 per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of $4.49. The mean expectation of ten analysts for the quarter was for earnings of $3.21 per share. Wall Street expected results to range from $3.13 to $3.34 per share.
* Revenue fell 2.7% to $5.49 billion from a year ago; analysts expected $5.26 billion.
* Wesco International Inc's reported EPS for the quarter was $3.81.
* The company reported quarterly net income of $189.9 million.
* Wesco International Inc shares had risen by 5.8% this quarter and gained 2.3% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 9.3% in the last three months.
* In the last 30 days, three analysts negatively revised earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the electrical components & equipment peer group is also "buy"
Wall Street's median 12-month price target for Wesco International Inc is 210.00 This summary was machine generated from LSEG data November 1 at 03:02 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 3.21 3.58 Beat
Jun. 30 2024 3.60 3.21 Missed
Mar. 31 2024 2.52 2.30 Missed
Dec. 31 2023 3.86 2.65 Missed
Comments