WSO.B Earnings Prediction
The chart below shows how WSO.B performed 10 days before and after its earnings report, based on data from the past quarters. Typically, WSO.B sees a +0.00% change in stock price 10 days leading up to the earnings, and a +0.00% change 10 days following the report. On the earnings day itself, the stock moves by +0.00%. This data can give you a slight idea of what to expect for the next quarter's release.
WSO.B Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
2.16B
1.56%
0.97%
Gross Margin
26.21%
-1.69%
-3.28%
Operating Margin
11.10%
-4.48%
-8.94%
Net Margin
9.34%
-0.95%
-6.88%
EPS
4.22
-2.99%
-6.01%
No Data Available
WSO.B Earnings Analysis
Watsco, Inc. Class B Corporation (WSO.B.N) Earnings Conference Call
Positive
Record Sales and Income: Wattsco produced record sales and net income for the quarter.
Sales Growth Driven by Units: October sales are up mid-single digits driven by meaningful unit growth.
E-Commerce Sales Surge: Annualized E-Commerce sales now exceed $2.5 billion and active users continue to grow faster than non-users.
Digital Sales Platform Growth: On Call Air, which is Wattsco's digital sales platform, continues to expand and generate growth for contractor customers.
Record Cash Flow Generation: We have generated record cash flow this year and our balance sheet remains in pristine condition to enable investments in growth.
Negative
Ducted Product Sales Decline: Watsco reported a 1% decline in ducted product sales, indicating a slowdown in this segment.
Ductless Product Sales Decline: The company experienced a 1% decrease in sales for ductless products, reflecting challenges in this category.
Gross Margin Decline: Overall, the gross margin came in lower than expected, suggesting pricing pressures and increased costs.
Inventory Overstock Concerns: Watsco's inventory levels were up compared to the previous quarter, indicating potential overstock issues.
Hurricane Impact on Operations: The company noted that the impact of recent hurricanes has disrupted operations, leading to temporary shutdowns in certain areas.
WSO.B FAQs
How does WSO.B typically perform around its earnings report dates?
How can historical earnings data help predict future stock performance?
WSO.B Earning Call Sentiment
Watsco, Inc. (WSO) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
WSO.B.N
-2.89%Positive
The earnings call summary indicates strong financial performance with record sales and net income, supported by a robust cash flow. The company is optimistic about growth opportunities, particularly in e-commerce and electrification trends. Share repurchase programs suggest confidence in future performance. Despite some supply chain challenges and inventory management issues, the overall sentiment is positive. The Q&A revealed limited impact from recent hurricanes and maintained strong demand. While there are some uncertainties in pricing and regulatory changes, the positive aspects outweigh the negatives, predicting a stock price increase of 2% to 8%.
