Wesco Seeks 9.8% Revenue Growth to $6.04B and $3.89 EPS
Wesco International reported $6.20 billion in revenue last quarter, up 12.9% year-on-year and 4.9% above analysts’ estimates. Analysts expect 9.8% revenue growth to $6.04 billion and $3.89 adjusted EPS, with MSC Industrial and W.W. Grainger each posting about 4% revenue gains last quarter.
1. Last Quarter Performance
Wesco International generated $6.20 billion in revenue in the prior quarter, representing a 12.9% year-on-year increase and a 4.9% beat versus consensus estimates. The company’s organic revenue growth also outpaced projections, following two revenue misses in the past two years.
2. Current Quarter Expectations
Analysts forecast revenue of $6.04 billion for the upcoming quarter, reflecting 9.8% year-on-year growth, and project adjusted earnings of $3.89 per share. Estimates have remained stable over the past 30 days, indicating confidence in the company’s near-term outlook.
3. Peer Results Comparison
Within the maintenance and repair distributors segment, MSC Industrial delivered 4% revenue growth, meeting expectations, while W.W. Grainger achieved 4.5% growth, beating estimates by 0.7%. MSC Industrial shares fell 1.2% post-release, whereas W.W. Grainger shares rose 9%.
4. Share Performance and Price Targets
Sector stocks have gained 7.7% on average over the past month compared with a 15.5% rise in Wesco shares. Analysts have set an average price target of $296.75, against a current share price of $315.36.