Back to top

Bull of the Day

Watsco, Inc. (WSO) reported first quarter earnings per share of $0.24, up 14% year over year and on par with the Zacks Consensus Estimate. Total revenue increased 19% year over year to $634 million, outpacing the Zacks Consensus Estimate of $581 million.

Watsco has acquired Carrier's Canada HVAC distribution network, which will be accretive to its revenue and earnings. Watsco has great potential in the replacement market of air conditioners and heating systems in the U.S, as nearly 89 million of them are more than 10 years old.

Furthermore, backed by its solid balance sheet, Watsco can continue to increase its dividend and make additional investments going forward. We have thus upgraded our recommendation from Neutral to Outperform with a target price of $86.00.

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
UTD THERAPE… UTHR 117.83 +28.51%
TRIQUINT SE… TQNT 20.67 +6.52%
RF MICRO DE… RFMD 12.47 +6.04%
VASCO DATA… VDSI 14.77 +4.68%
BANCO DO BR… BDORY 15.53 +3.95%