WESCO International (NYSE:WCC) reported its Q1 earnings results on Thursday, May 5, 2022 at 06:00 AM.
Here's what investors need to know about the announcement.
Earnings
WESCO International beat estimated earnings by 65.0%, reporting an EPS of $3.63 versus an estimate of $2.2.
Revenue was up $891.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.63 which was followed by a 1.36% drop in the share price the next day.
Here's a look at WESCO International's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 2.54 | 2.55 | 1.90 | 0.81 |
| EPS Actual | 3.17 | 2.74 | 2.64 | 1.43 |
| Revenue Estimate | 4.67B | 4.70B | 4.32B | 4.01B |
| Revenue Actual | 4.85B | 4.73B | 4.60B | 4.04B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
WESCO International management provided guidance for FY 2022, expecting earnings between $14.0 and $15.0 per share.
To track all earnings releases for WESCO International visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
