Why Is Watsco (WSO) Down 0.7% Since Last Earnings Report?

Core Viewpoint - Watsco's shares have decreased by approximately 0.7% since the last earnings report, but have outperformed the S&P 500 index [1] Estimates Movement - Estimates for Watsco have trended upward over the past month [2] VGM Scores - Watsco has a strong Growth Score of A and a Momentum Score of A, but a Value Score of D, placing it in the bottom 40% for value investment strategy. The overall aggregate VGM Score is B [3] Outlook - The upward trend in estimates is promising, and Watsco holds a Zacks Rank of 3 (Hold), indicating an expectation of in-line returns in the coming months [4] Industry Performance - Watsco is part of the Zacks Building Products - Air Conditioner and Heating industry. Carrier Global, a competitor in the same industry, reported revenues of $5.15 billion for the last quarter, reflecting a year-over-year increase of 0.9$0.57 per share for the current quarter, which represents an 8.1% decrease from the previous year. The Zacks Consensus Estimate for Carrier has increased by 1.6% over the last 30 days [6]