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Wesco International (WCC) Gains As Market Dips: What You Should Know
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Wesco International (WCC - Free Report) closed the most recent trading day at $178.41, moving +1.83% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.29%. Meanwhile, the Dow lost 0.55%, and the Nasdaq, a tech-heavy index, added 1.24%.
Prior to today's trading, shares of the maker of electrical and industrial maintenance supplies and construction materials had gained 12.55% over the past month. This has outpaced the Computer and Technology sector's gain of 1.61% and the S&P 500's gain of 3.1% in that time.
Investors will be hoping for strength from Wesco International as it approaches its next earnings release. The company is expected to report EPS of $4.46, up 6.44% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.95 billion, up 8.53% from the year-ago period.
WCC's full-year Zacks Consensus Estimates are calling for earnings of $17.41 per share and revenue of $23.16 billion. These results would represent year-over-year changes of +6.03% and +8.13%, respectively.
Investors should also note any recent changes to analyst estimates for Wesco International. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Within the past 30 days, our consensus EPS projection has moved 0.37% lower. Wesco International currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Wesco International has a Forward P/E ratio of 10.06 right now. This represents a premium compared to its industry's average Forward P/E of 9.42.
We can also see that WCC currently has a PEG ratio of 1.01. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Electronics - Parts Distribution stocks are, on average, holding a PEG ratio of 0.83 based on yesterday's closing prices.
The Electronics - Parts Distribution industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 109, putting it in the top 44% 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) Gains As Market Dips: What You Should Know
Wesco International (WCC - Free Report) closed the most recent trading day at $178.41, moving +1.83% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.29%. Meanwhile, the Dow lost 0.55%, and the Nasdaq, a tech-heavy index, added 1.24%.
Prior to today's trading, shares of the maker of electrical and industrial maintenance supplies and construction materials had gained 12.55% over the past month. This has outpaced the Computer and Technology sector's gain of 1.61% and the S&P 500's gain of 3.1% in that time.
Investors will be hoping for strength from Wesco International as it approaches its next earnings release. The company is expected to report EPS of $4.46, up 6.44% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.95 billion, up 8.53% from the year-ago period.
WCC's full-year Zacks Consensus Estimates are calling for earnings of $17.41 per share and revenue of $23.16 billion. These results would represent year-over-year changes of +6.03% and +8.13%, respectively.
Investors should also note any recent changes to analyst estimates for Wesco International. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Within the past 30 days, our consensus EPS projection has moved 0.37% lower. Wesco International currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Wesco International has a Forward P/E ratio of 10.06 right now. This represents a premium compared to its industry's average Forward P/E of 9.42.
We can also see that WCC currently has a PEG ratio of 1.01. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Electronics - Parts Distribution stocks are, on average, holding a PEG ratio of 0.83 based on yesterday's closing prices.
The Electronics - Parts Distribution industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 109, putting it in the top 44% 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.