Summary: - WESCO International acquired entroCIM, specializing in data center intelligence software, for $30 million with potential earnouts. - entroCIM's CIM offers insights for cost optimization and operational efficiency. - Strategic acquisitions and recent divestiture drive growth, but weakness in service provider market is a concern. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: M&A
- WESCO International reported a 38.7% decrease in adjusted earnings in Q1 2023. - Net sales fell 3.1% year over year but beat estimates. - Segments EES, CSS, and UBS saw declining sales, affecting overall sales growth. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings
- Revenue for WCC in Q1 2024 was $5.35 billion, down 3.1% YoY, with EPS at $2.30. - Revenue beat Zacks estimate by +0.70%, while EPS missed by -6.50%. - Key metrics include revenue for different solutions and adjusted EBITDA comparisons. - WCC stock returned -11.4% in the past month, with a Zacks Rank #5. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings
- Wesco International reported earnings of $2.30 per share, missing estimates and down from $3.75 last year. - Revenues of $5.35 billion for Wesco International beat estimates by 0.70%. - Wesco International shares have lost 11.2% this year, underperforming the S&P 500. - Company's earnings outlook is unfavorable, translating into a Zacks Rank #5 (Strong Sell). - Electronics - Parts Distribution industry outlook is currently in the bottom 11% of Zacks industries. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Research Analysis
- Analysts project Wesco International to announce quarterly earnings of $2.43 per share, a 35.2% decline. - Revenues are estimated to be $5.3 billion, a 4.1% decrease from the previous year. - Consensus EPS estimate has been revised down by 0.8% in the past month. - Strong correlation between earnings estimate revisions and short-term stock price performance. - Analysts expect declines in revenues across different solution categories and geographic regions. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings