Why Watsco Stock Is Higher Today
Watsco (NYSE: WSO) investors have endured a series of disappointing earnings announcements, with shares falling following each of the last three reports.
In the first quarter, the company failed to meet expectations once again, but the markets are encouraged by what management sees up ahead. Shares of Watsco were up 7% as of 2 p.m. ET in the wake of the industrial distributor's earnings release.
Watsco is a distributor of parts and products for the North American heating, air conditioning, and refrigeration (HVAC) market. In 2023, the company at times felt the impact of softening demand from customers due to economic uncertainty.
Source Fool.com
Watsco Inc. A Stock
€444.10
-0.740%
With 8 Buy predictions and not the single Sell prediction the community is currently very high on Watsco Inc. A.
With a target price of 464 € there is a slightly positive potential of 4.48% for Watsco Inc. A compared to the current price of 444.1 €.
