Watsco (NYSE:WSO) reported its Q1 earnings results on Thursday, April 20, 2023 at 07:30 AM.
Here’s what investors need to know about the announcement.
Earnings
Watsco beat estimated earnings by 20.94%, reporting an EPS of $2.83 versus an estimate of $2.34.
Revenue was up $27.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $1.43 which was followed by a 0.05% drop in the share price the next day.
Here’s a look at Watsco’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 2.12 | 4.40 | 5.05 | 1.77 |
| EPS Actual | 3.55 | 4.03 | 4.93 | 2.90 |
| Revenue Estimate | 1.61B | 2.04B | 2.18B | 1.38B |
| Revenue Actual | 1.58B | 2.04B | 2.13B | 1.52B |
To track all earnings releases for Watsco visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
