Watsco (WSO) came out with quarterly earnings of $4.22 per share, missing the Zacks Consensus Estimate of $4.84 per share. This compares to earnings of $4.35 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -12.81%. A quarter ago, it was expected that this heating and cooling company would post earnings of $4.75 per share when it actually produced earnings of $4.49, delivering a surprise of -5.47%.Over the last four quarters, t ...

Exhibit 99.1 Watsco Reports Record Sales, Enhanced Operating Efficiency, Strong Cash Flow and Improving Business Trends Entrepreneurial Culture, Debt-Free Balance Sheet, Leading Technologies and Upcoming Regulatory Change Support Long-Term Investment and Growth MIAMI, FLORIDA – (GLOBENEWSWIRE), October 23, 2024 – Watsco, Inc. (NYSE: WSO) announced its results for the third quarter and ninemonth period ended September 30, 2024 and provided commentary on business trends, growth opportunities, technology innov ...

MIAMI, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) announced its results for the third quarter and nine-month period ended September 30, 2024 and provided commentary on business trends, growth opportunities, technology innovation and its financial strength. Watsco is the largest distributor in the highly fragmented $64 billion North American HVAC/R market, with nearly 700 locations across the U.S., Canada and Latin America. Watsco estimates that it provides services on a local basis to over 3 ...

Watsco, Inc. (WSO) is slated to release third-quarter 2024 results on Oct. 23, before market open.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.In the last reported quarter, the company’s earnings missed the Zacks Consensus Estimate by 4.5%, but sales beat the same by 0.3%. On a year-over-year basis, earnings and sales increased 1.6% and 6.8%, respectively.Watsco's earnings topped the consensus mark in one of the last four quarters and missed on other three occasions, the negative ...

Watsco (WSO) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on October 23, 2024, might help the stock move higher if these key numbers are better than ex ...

MIAMI, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) announced today that it will host a conference call to discuss its 2024 third quarter financial results on Wednesday, October 23, 2024 at 10:00 a.m. (EDT). Prepared remarks regarding the results will be followed by a question-and-answer session with the senior management team. The conference call will be web-cast by CCBN's StreetEvents and can be found under the link highlighted on our website at www.watsco.com. The earnings results will be r ...

MIAMI, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) announced today that Rick Gomez, Vice President of Corporate Development, is scheduled to present at the 12th Annual Morgan Stanley Laguna Conference being held at the Ritz Carlton, Laguna Niguel on Wednesday, September 11, 2024 at 3:10 p.m. (PDT). Internet users can listen to a live webcast of the presentation at the Investor Relations section of Watsco's website at http://www.watsco.com. About Watsco Watsco operates the largest distributio ...

It has been about a month since the last earnings report for Watsco (WSO) . Shares have lost about 3.5% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Watsco due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Watsco Q2 Earnings Lag, Revenues Beat, Margins Down Y/Y ...

Watsco, Inc. (WSO) is benefiting from consistent investments in technological advancements and strategic buyouts. Also, the solid performance of heating, ventilation and air conditioning (HVAC) equipment and commercial refrigeration products segments added to the uptrend. It is steadily advancing toward its goal of expanding customer-focused technologies to a growing number of contractors. Apart from Watsco's technology investments that are expected to drive future growth, WSO anticipates that industry-driv ...

For the quarter ended June 2024, Watsco (WSO) reported revenue of $2.14 billion, up 6.8% over the same period last year. EPS came in at $4.49, compared to $4.42 in the year-ago quarter. The reported revenue represents a surprise of -0.16% over the Zacks Consensus Estimate of $2.14 billion. With the consensus EPS estimate being $4.75, the EPS surprise was -5.47%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectation ...