Most of the analysts at Wall Street have forecasted that the stocks of WCC would be announcing sales close to $4.08 billion for this quarter. According to reports, five of the analysts have already given the stocks an estimate of their earnings. The highest estimate has been reached at $4.10 billion, with the lowest one coming in at $4.05 billion. The company also posted sales close to $2.10 billion the previous year, so this is indicative of an annual growth rate of about 94.3%. The company will be reporting their next results of earnings on the 9th of February.
The Quarterly Earnings of WCC
The stocks of WCC previously announced their earnings results on the 5th of November. The company reported an EPS of $1.6 for this quarter, which beat the consensus estimate set at $1.37. The company also has a return on its equity at 8.34%, with a net margin of about 1.42%. The revenue earned by the company in this quarter was $4.14 billion, which could be compared to the estimate of around $4.05 billion.
There have been quite a few brokerages that have commented on the stocks of WCC. Oppenheimer has already increased the price target on the shares of the company from $65 to $70, which they published in a report on the 6th of November.
KeyCorp has also increased the price target on the shares of the company from $75 to $90, while giving the company a rating of overweight, in a 22nd December research report. Stephens has also initiated coverage on the stocks of WCC on the 15th of October. They also ended up issuing a rating of overweight on the company. ValuEngine has also increased the shares of the company from a rating of strong sell to a rating of sell on the 25th of November.
One of the research analysts involved in the stock has given it a rating of sell, while three of them have given the stocks a rating of hold. Eight investment analysts have given WCC a rating of buy. Currently, the consensus rating on the company is buy, with a price target set at $60.55.
