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Wesco International (WCC) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
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Wesco International (WCC - Free Report) reported $5.47 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 1.5%. EPS of $2.65 for the same period compares to $4.13 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $5.57 billion, representing a surprise of -1.66%. The company delivered an EPS surprise of -30.26%, with the consensus EPS estimate being $3.80.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Wesco International performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Electrical & Electronic Solutions: $2.08 billion versus $2.13 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -3.9% change.
Revenue- Utility & Broadband Solutions: $1.60 billion versus $1.62 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -1.8% change.
Revenue- Communications & Security Solutions: $1.79 billion compared to the $1.82 billion average estimate based on four analysts. The reported number represents a change of +1.6% year over year.
Adjusted EBITDA- Corporate: -$118.60 million versus -$108.52 million estimated by three analysts on average.
Adjusted EBITDA- UBS: $166.60 million versus the three-analyst average estimate of $189.28 million.
Adjusted EBITDA- CSS: $173.30 million versus $176.86 million estimated by three analysts on average.
Adjusted EBITDA- EES: $164 million versus $182.16 million estimated by three analysts on average.
Shares of Wesco International have returned +13.5% over the past month versus the Zacks S&P 500 composite's +5.1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Wesco International (WCC) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
Wesco International (WCC - Free Report) reported $5.47 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 1.5%. EPS of $2.65 for the same period compares to $4.13 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $5.57 billion, representing a surprise of -1.66%. The company delivered an EPS surprise of -30.26%, with the consensus EPS estimate being $3.80.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Wesco International performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Electrical & Electronic Solutions: $2.08 billion versus $2.13 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -3.9% change.
- Revenue- Utility & Broadband Solutions: $1.60 billion versus $1.62 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -1.8% change.
- Revenue- Communications & Security Solutions: $1.79 billion compared to the $1.82 billion average estimate based on four analysts. The reported number represents a change of +1.6% year over year.
- Adjusted EBITDA- Corporate: -$118.60 million versus -$108.52 million estimated by three analysts on average.
- Adjusted EBITDA- UBS: $166.60 million versus the three-analyst average estimate of $189.28 million.
- Adjusted EBITDA- CSS: $173.30 million versus $176.86 million estimated by three analysts on average.
- Adjusted EBITDA- EES: $164 million versus $182.16 million estimated by three analysts on average.
View all Key Company Metrics for Wesco International here>>>Shares of Wesco International have returned +13.5% over the past month versus the Zacks S&P 500 composite's +5.1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.