Electrical supply company WESCO (NYSE:WCC) will be reporting earnings tomorrow before market open. Here’s what to expect. WESCO beat analysts’ revenue expectations by 1.5% last quarter, reporting revenues of $5.5 billion, flat year on year. It was a slower quarter for the company, with a miss of analysts’ adjusted operating income estimates. Is WESCO a buy or sell going into earnings? Read our full analysis here, it’s free. This quarter, analysts are expecting WESCO’s revenue to decline 1.9% year on year to $5.25 billion, improving from the 3.1% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.32 per share.WESCO Total Revenue Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. WESCO has missed Wall Street’s revenue estimates three times over the last two years. Looking at WESCO’s peers in the maintenance and repair distributors segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Fastenal delivered year-on-year revenue growth of 3.4%, meeting analysts’ expectations, and MSC Industrial reported a revenue decline of 4.7%, falling short of estimates by 0.8%. Fastenal traded up 7.3% following the results while MSC Industrial was down 10.3%. Read our full analysis of Fastenal’s results here and MSC Industrial’s results here. Investors in the maintenance and repair distributors segment have had fairly steady hands going into earnings, with share prices down 1.6% on average over the last month. WESCO is up 3.4% during the same time and is heading into earnings with an average analyst price target of $207.95 (compared to the current share price of $161.67). When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback. View Comments
WESCO (WCC) Q1 Earnings: What To Expect
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