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WESCO (WCC) to Report Q3 Earnings: What's in the Cards?
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WESCO International (WCC - Free Report) is scheduled to report third-quarter 2022 results on Nov 3.
For the third quarter, the Zacks Consensus Estimate for revenues is pegged at $5.54 billion, implying growth of 17.1% from the year-ago quarter’s reported figure.
The consensus mark for earnings has moved 0.5% south in the past 30 days to $4.35 per share, indicating a surge of 58.8% from the year-ago quarter’s reported figure.
WESCO beat on earnings in all the trailing four quarters, the average being 26.1%.
WESCO’s third-quarter performance is likely to have been driven by continuous demand in the end markets.
Solid momentum across WCC’s construction, original equipment manufacturer and industrial businesses is expected to have driven Wesco’s Electrical & Electronic Solutions revenues in the underlined quarter.
The Zacks Consensus Estimate for Electrical & Electronic Solutions revenues is pegged at $2.35 billion, increasing 18.5% from the year-ago quarter’s reported figure.
WCC has been witnessing growth in the Utility & Broadband Solutions revenues, owing to an expanding integrated supply business, solid connectivity demand and benefits from investments in grid modernization. This is likely to have persisted in the to-be-reported quarter.
The Zacks Consensus Estimate for Utility & Broadband Solutions revenues is pegged at $1.52 billion, increasing 21.1% from the year-ago quarter’s reported figure.
WCC’s robust security solutions and network infrastructure businesses are expected to have contributed well to Communications & Security Solutions revenue growth in the above-mentioned quarter.
The Zacks Consensus Estimate for Communications & Security Solutions revenues is pegged at $1.66 billion, increasing 11.5% from the year-ago quarter’s reported figure.
These apart, WESCO is consistently benefiting from the Anixter merger. This might have remained another positive in the quarter under review.
However, impacts of the coronavirus pandemic-induced supply-chain constraints are expected to reflect on the upcoming quarterly results.
Further, macroeconomic headwinds and mounting expenses are likely to have remained headwinds in the to-be-reported quarter.
What Our Model Says
Our proven model predicts an earnings beat for WESCO this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is precisely the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
WESCOhas an Earnings ESP of +0.52% and a Zacks Rank #3, at present.
Other Stocks to Consider
Here are some other stocks worth considering, as our model shows that these too have the right combination of elements to beat on earnings this season.
US Foods is set to report third-quarter 2022 results on Nov 10. The Zacks Consensus Estimate for USFD’s earnings is pegged at 59 cents per share, suggesting an increase of 22.9% from the prior-year period’s reported figure.
The Trade Desk (TTD - Free Report) has an Earnings ESP of +2.13% and a Zacks Rank of 2 at present.
The Trade Desk is scheduled to release third-quarter 2022 results on Nov 14. The Zacks Consensus Estimate for TTD’s earnings is pegged at 24 cents per share, suggesting an increase of 33.3% from the prior-year quarter’s reported figure.
Tencent Music Entertainment Group (TME - Free Report) has an Earnings ESP of +4.76% and a Zacks Rank of 2 at present.
Tencent Music is scheduled to release third-quarter 2022 results on Nov 15. The Zacks Consensus Estimate for TME’s earnings is pegged at 11 cents per share, suggesting an increase of 22.2% from the prior-year quarter’s reported figure.
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WESCO (WCC) to Report Q3 Earnings: What's in the Cards?
WESCO International (WCC - Free Report) is scheduled to report third-quarter 2022 results on Nov 3.
For the third quarter, the Zacks Consensus Estimate for revenues is pegged at $5.54 billion, implying growth of 17.1% from the year-ago quarter’s reported figure.
The consensus mark for earnings has moved 0.5% south in the past 30 days to $4.35 per share, indicating a surge of 58.8% from the year-ago quarter’s reported figure.
WESCO beat on earnings in all the trailing four quarters, the average being 26.1%.
WESCO International, Inc. Price and EPS Surprise
WESCO International, Inc. price-eps-surprise | WESCO International, Inc. Quote
Factors to Consider
WESCO’s third-quarter performance is likely to have been driven by continuous demand in the end markets.
Solid momentum across WCC’s construction, original equipment manufacturer and industrial businesses is expected to have driven Wesco’s Electrical & Electronic Solutions revenues in the underlined quarter.
The Zacks Consensus Estimate for Electrical & Electronic Solutions revenues is pegged at $2.35 billion, increasing 18.5% from the year-ago quarter’s reported figure.
WCC has been witnessing growth in the Utility & Broadband Solutions revenues, owing to an expanding integrated supply business, solid connectivity demand and benefits from investments in grid modernization. This is likely to have persisted in the to-be-reported quarter.
The Zacks Consensus Estimate for Utility & Broadband Solutions revenues is pegged at $1.52 billion, increasing 21.1% from the year-ago quarter’s reported figure.
WCC’s robust security solutions and network infrastructure businesses are expected to have contributed well to Communications & Security Solutions revenue growth in the above-mentioned quarter.
The Zacks Consensus Estimate for Communications & Security Solutions revenues is pegged at $1.66 billion, increasing 11.5% from the year-ago quarter’s reported figure.
These apart, WESCO is consistently benefiting from the Anixter merger. This might have remained another positive in the quarter under review.
However, impacts of the coronavirus pandemic-induced supply-chain constraints are expected to reflect on the upcoming quarterly results.
Further, macroeconomic headwinds and mounting expenses are likely to have remained headwinds in the to-be-reported quarter.
What Our Model Says
Our proven model predicts an earnings beat for WESCO this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is precisely the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
WESCOhas an Earnings ESP of +0.52% and a Zacks Rank #3, at present.
Other Stocks to Consider
Here are some other stocks worth considering, as our model shows that these too have the right combination of elements to beat on earnings this season.
US Foods (USFD - Free Report) has an Earnings ESP of +4.58% and a Zacks Rank # 2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
US Foods is set to report third-quarter 2022 results on Nov 10. The Zacks Consensus Estimate for USFD’s earnings is pegged at 59 cents per share, suggesting an increase of 22.9% from the prior-year period’s reported figure.
The Trade Desk (TTD - Free Report) has an Earnings ESP of +2.13% and a Zacks Rank of 2 at present.
The Trade Desk is scheduled to release third-quarter 2022 results on Nov 14. The Zacks Consensus Estimate for TTD’s earnings is pegged at 24 cents per share, suggesting an increase of 33.3% from the prior-year quarter’s reported figure.
Tencent Music Entertainment Group (TME - Free Report) has an Earnings ESP of +4.76% and a Zacks Rank of 2 at present.
Tencent Music is scheduled to release third-quarter 2022 results on Nov 15. The Zacks Consensus Estimate for TME’s earnings is pegged at 11 cents per share, suggesting an increase of 22.2% from the prior-year quarter’s reported figure.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.