WESCO International Inc (NYSE: WCC) has reported earnings for its third fiscal quarter (ending September 30) of $4.20 versus $4.43 for the same period a year ago — a decline of -5%. However, this performance was $0.31 better than the consensus estimate of $3.89. E.P.S. were $15.11 for the latest four quarters through September 30 versus $14.83 for the same period a year ago — an increase of 2%.
Recent Price Action
WESCO International Inc (NYSE: WCC) stock closed at $135.97 on 11/2/23 after a large increase of 3.7%. The stock has been strong relative to the market over the last nine months and has risen 10.0% during the last week.
Current PriceTarget Research Rating
WCC is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
WESCO International has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. WESCO International has a neutral Power Rating of 59 but a very high Appreciation Score of 88, leading to the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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