WESCO International Inc (NYSE: WCC) has reported earnings for its third fiscal quarter (ending September 30) of $3.81 versus $4.28 for the same period a year ago — a decline of -11%. For the latest four quarters through September 30, E.P.S. were $12.53 versus $15.37 for the same period a year ago — a decline of -18%.
Recent Price Action
WESCO International Inc (NYSE: WCC) stock enjoyed a very large increase of 8.0% on 10/31/24. The shares closed at $191.97. Moreover, this advance was accompanied by exceptionally high trading volume at 215% of normal. The stock has performed in line with the market over the last nine months and has risen 9.9% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, WCC is expected to continue to be an important Value Builder.
WESCO International has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. WESCO International has a good Appreciation Score of 74 but a slightly negative Power Rating of 36, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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