WESCO International Inc (NYSE: WCC) has reported earnings for its first fiscal quarter (ending March 31) of $1.95 versus $3.58 for the same period a year ago — a decline of -46%. This performance was $-1.25 short of the consensus estimate of $3.20. E.P.S. were $12.22 for the latest four quarters through March 31 versus $16.11 for the same period a year ago — a decline of -24%.
Recent Price Action
WESCO International Inc (NYSE: WCC) stock enjoyed a very large increase of 6.9% on 5/2/24. The shares closed at $165.08. Moreover, trading volume in this advance was exceptionally high at 298% of normal. The stock has been strong relative to the market over the last nine months and has risen 3.4% 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 B (Positive). 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 50 but a good Appreciation Score of 80, producing the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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