WESCO International (NYS: WCC) reported earnings on Oct. 18. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), WESCO International missed estimates on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share expanded.
Margins grew across the board.
WESCO International reported revenue of $1.66 billion. The 18 analysts polled by S&P Capital IQ expected to see revenue of $1.73 billion on the same basis. GAAP reported sales were 4.8% higher than the prior-year quarter's $1.58 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.25. The 20 earnings estimates compiled by S&P Capital IQ anticipated $1.24 per share. GAAP EPS of $1.25 for Q3 were 13% higher than the prior-year quarter's $1.11 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 20.5%, 50 basis points better than the prior-year quarter. Operating margin was 6.2%, 40 basis points better than the prior-year quarter. Net margin was 3.8%, 40 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.73 billion. On the bottom line, the average EPS estimate is $1.23.
Next year's average estimate for revenue is $6.73 billion. The average EPS estimate is $4.65.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on WESCO International is outperform, with an average price target of $69.44.
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The article WESCO International Increases Sales but Misses Revenue Estimate originally appeared on Fool.com.
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