- Watsco Inc.'s Q1 earnings missed expectations with a GAAP EPS of $1.93, while revenue fell short by $130 million.
- HVAC equipment sales, a significant contributor to revenue, saw a 1% decline.
- Analysts forecast a slight downside for Watsco's stock based on current metrics.
Watsco Inc. (WSO, Financial) has released its first-quarter financial results, reporting a GAAP EPS of $1.93—falling $0.32 below analysts' expectations. The company's revenue hit $1.53 billion, missing the mark by $130 million and reflecting a 1.9% decrease compared to the same period last year. Significantly, sales of HVAC equipment, which represent 67% of Watsco's total sales, experienced a 1% decline.
Wall Street Analysts Forecast
According to the latest assessments from 10 analysts, the average one-year price target for Watsco Inc. (WSO, Financial) stands at $501.01, with projections ranging from a high of $560.00 to a low of $424.12. This average price target suggests a marginal downside of 0.43% from the current trading price of $503.16. Investors can explore more detailed estimates on our Watsco Inc. (WSO) Forecast page.
The consensus among 17 brokerage firms places Watsco Inc.'s (WSO, Financial) average brokerage recommendation at 2.8, which translates to a "Hold" on the rating scale. This scale spans from 1 to 5, where a rating of 1 indicates a Strong Buy and a rating of 5 indicates a Sell.
GuruFocus estimates place the GF Value for Watsco Inc. (WSO, Financial) at $391.05 for the upcoming year. This figure suggests a potential downside of 22.28% from the current price of $503.16. The GF Value is a crucial metric that reflects a stock's fair value, calculated using historical trading multiples and forward-looking business performance estimates. For further insights, visit the Watsco Inc. (WSO) Summary page.
