Watsco Inc (NYSE: WSO) has reported earnings for its third fiscal quarter (ending September 30) of $4.22 versus $4.36 for the same period a year ago. For the latest four quarters through September 30, E.P.S. were $13.00 compared to $15.20 a year ago.
Recent Price Action
Watsco Inc (NYSE: WSO) stock declined by -3.8% on 10/23/24. The shares closed at $466.42. Moreover, this decline was accompanied by exceptionally high trading volume at 292% of normal. The stock has declined -5.4% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
WSO’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Watsco has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Watsco has a poor Appreciation Score of 15 but a good Power Rating of 80, with the Low Neutral Value Trend Rating the result.
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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