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The headline numbers for Wesco International (WCC) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Wesco International (WCC) came out with quarterly earnings of $2.65 per share, missing the Zacks Consensus Estimate of $3.80 per share. This compares to earnings of $4.13 per share a year ago.
Beyond analysts' top -and-bottom-line estimates for Wesco International (WCC), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2023.
WESCO's (WCC) third-quarter results reflect strong momentum across CSS and UBS business units. However, weakness in EES remains a concern.
Although the revenue and EPS for Wesco International (WCC) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
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WESCO International is benefiting from long-term secular growth in utility, data center, security, and industrial sectors. Supply chain issues are improving, but challenges in the electrical product line will continue in Q3. WCC's cash flows have increased, and it plans to use them for stock buybacks, making it a reasonable investment with moderate returns.
WESCO's (WCC) second-quarter results reflect strong momentum across CSS and UBS business units. However, weakness in EES remains a concern.
Wesco beat on sales but missed on earnings, citing ongoing restocking issues in the electrical component market. The company also lowered its full-year expectations.
WESCO, a leading electrical distribution and services company, is currently undervalued by 36% with a fair value of $214.60, according to a weighted average of DCF and Alpha Spread's multiples-based relative valuation tool. The company's strategic positioning in macro growth sectors, operational capabilities, and disciplined capital allocation strategy make it a strong buy. Risks and challenges include continued supply chain duress, inflationary pressure, and potential difficulties in managing global operations.