Wesco International Inc. (WCC)
Wesco International (WCC) Beats Q3 Earnings and Revenue Estimates
Wesco International (WCC) came out with quarterly earnings of $3.58 per share, beating the Zacks Consensus Estimate of $3.22 per share. This compares to earnings of $4.49 per share a year ago.
Analysts Estimate Wesco International (WCC) to Report a Decline in Earnings: What to Look Out for
Wesco International (WCC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
WESCO: Weak Demand Outlook
WESCO International's results have consistently missed expectations, driven by weak demand and significant headwinds in its business portfolio, particularly in the utilities segment. Valuations are near long-term averages, but shrinking earnings growth expectations pose downside risks, despite slightly re-rated 1-year fwd P/E multiples. Technical analysis suggests further downside, albeit slowly, before bullish reversals.
WESCO (WCC) Q2 Earnings Lag Estimates, Revenues Dip Y/Y
WESCO's (WCC) second-quarter 2024 results reflect sluggishness in the EES and UBS segments.
WESCO International, Inc. (WCC) Q2 2024 Earnings Call Transcript
WESCO International, Inc. (NYSE:WCC ) Q2 2024 Earnings Conference Call August 1, 2024 10:00 AM ET Company Participants Scott Gaffner - Senior Vice President of Investor Relations John Engel - Chairman, President, and CEO Dave Schulz - EVP and CFO Conference Call Participants Deane Dray - RBC Capital Markets Sam Darkatsh - Raymond James Tommy Moll - Stephens, Inc. David Manthey - Baird Ken Newman - KeyBanc Capital Markets Patrick Baumann - JPMorgan Nigel Coe - Wolfe Research Operator Hello, and welcome to WESCO's 2024 Second Quarter Earnings Call. I would like to remind you that all lines are in listen-only mode throughout the presentation.
Wesco International (WCC) Reports Q2 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for Wesco International (WCC) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Wesco International (WCC) Misses Q2 Earnings and Revenue Estimates
Wesco International (WCC) came out with quarterly earnings of $3.21 per share, missing the Zacks Consensus Estimate of $3.48 per share. This compares to earnings of $3.71 per share a year ago.
Exploring Analyst Estimates for Wesco International (WCC) Q2 Earnings, Beyond Revenue and EPS
Get a deeper insight into the potential performance of Wesco International (WCC) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Bargain Wesco Preferred Stock: More Like A High Yield 1 Year Bond
Wesco International (WCC) is the largest player in the electrical components distribution and services sector and is very profitable. Wesco International Preferred “A” , ticker WCC-A, sports a “qualified” 10.34% yield and its dividend resets in 1 year to a whopping 14.6% at current rates. Unfortunately, with such extraordinarily high yielding characteristics, WCC-A is extremely likely to be called in 1 year, but with a very high after-tax yield-to-call (YTC).
WESCO (WCC) Expands Portfolio With entroCIM Acquisition
WESCO International (WCC) acquires entroCIM to boost its building intelligence software offerings.
WESCO International: Healthy Demand Drivers, And Attractive Valuations (Rating Upgrade)
WESCO International's Q1 2024 sales declined due to volume declines across all segments, but the company's revenue growth outlook is positive. The company is poised to benefit from electrification, broadband expansion, infrastructure build, and data center demand in the medium to long term. The company's margins were adversely impacted in Q1 2024, but they are expected to sequentially improve in the coming quarters.
Wesco International: Good Business At A High Price
Wesco International is a B2B distribution company with operating segments in electrical and electronic solutions, communications and security solutions, and utility and broadband solutions. The company was transformed after a major acquisition of Anixter for $4.5 billion in 2020. The stock is currently a hold due to concerns about high debt levels and limited potential for earnings growth.
