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Wesco International (WCC) Stock Sinks As Market Gains: What You Should Know
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Wesco International (WCC - Free Report) closed at $118.88 in the latest trading session, marking a -0.24% move from the prior day. This change lagged the S&P 500's daily gain of 2.44%. Meanwhile, the Dow gained 1.65%, and the Nasdaq, a tech-heavy index, added 0.28%.
Coming into today, shares of the maker of electrical and industrial maintenance supplies and construction materials had lost 8.27% in the past month. In that same time, the Computer and Technology sector lost 16.14%, while the S&P 500 lost 9.65%.
Wesco International will be looking to display strength as it nears its next earnings release, which is expected to be February 15, 2022. The company is expected to report EPS of $2.52, up 106.56% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.62 billion, up 11.91% from the year-ago period.
Any recent changes to analyst estimates for Wesco International should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Wesco International is currently a Zacks Rank #2 (Buy).
Valuation is also important, so investors should note that Wesco International has a Forward P/E ratio of 11.21 right now. Its industry sports an average Forward P/E of 8.23, so we one might conclude that Wesco International is trading at a premium comparatively.
Meanwhile, WCC's PEG ratio is currently 1.12. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. WCC's industry had an average PEG ratio of 0.3 as of yesterday's close.
The Electronics - Parts Distribution industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 39, which puts it in the top 16% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow WCC in the coming trading sessions, be sure to utilize Zacks.com.
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Wesco International (WCC) Stock Sinks As Market Gains: What You Should Know
Wesco International (WCC - Free Report) closed at $118.88 in the latest trading session, marking a -0.24% move from the prior day. This change lagged the S&P 500's daily gain of 2.44%. Meanwhile, the Dow gained 1.65%, and the Nasdaq, a tech-heavy index, added 0.28%.
Coming into today, shares of the maker of electrical and industrial maintenance supplies and construction materials had lost 8.27% in the past month. In that same time, the Computer and Technology sector lost 16.14%, while the S&P 500 lost 9.65%.
Wesco International will be looking to display strength as it nears its next earnings release, which is expected to be February 15, 2022. The company is expected to report EPS of $2.52, up 106.56% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.62 billion, up 11.91% from the year-ago period.
Any recent changes to analyst estimates for Wesco International should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Wesco International is currently a Zacks Rank #2 (Buy).
Valuation is also important, so investors should note that Wesco International has a Forward P/E ratio of 11.21 right now. Its industry sports an average Forward P/E of 8.23, so we one might conclude that Wesco International is trading at a premium comparatively.
Meanwhile, WCC's PEG ratio is currently 1.12. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. WCC's industry had an average PEG ratio of 0.3 as of yesterday's close.
The Electronics - Parts Distribution industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 39, which puts it in the top 16% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow WCC in the coming trading sessions, be sure to utilize Zacks.com.