This story originally appeared on Zacks
Wesco International (WCC) closed at $ 121.43 in the most recent trading session, marking a + 1.57% move from the previous day. The stock outperformed the S&P 500’s daily loss of 0.37%.
Prior to today’s trading, shares of the manufacturer of electrical and industrial maintenance supplies and construction materials lost 7.1% in the past month. It was smaller than the computer and technology sector’s loss of 8.73% and at that time lagged behind the S&P 500’s loss of 6.01%.
Wesco International will want to be strong as it approaches its next earnings release, which is expected to be February 15, 2022. In that report, analysts expect Wesco International to earn $ 2.52 per share. This will be a year-on-year growth of 106.56%. Meanwhile, the Zacks consensus estimate for revenue predicts net sales of $ 4.62 billion, 11.91% higher than the year ago.
Investors may also notice recent changes in analyst estimates for Wesco International. Recent reviews tend to reflect the latest business trends in the short term. Consequently, we can interpret positive rating reviews as a good sign for the company’s business prospects.
Research suggests that these estimate revisions are directly correlated with short-term stock price momentum. Investors can benefit from this by using the Zacks rankings. This model takes these estimation changes into account and provides a simple, workable rating system.
The Zacks Rank system, which ranges from # 1 (Strong Buy) to # 5 (Strong Sell), has a proven, out-audited performance record, with # 1 stocks averaging + 25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has remained stagnant. Wesco International currently has a Zacks ranking of # 3 (Hold).
In terms of valuation, Wesco International is currently trading at a forward P / E ratio of 11.25. This represents a premium compared to its industry’s average Forward P / E of 8.12.
Investors should also note that WCC currently has a PEG ratio of 1.12. The PEG ratio is similar to the widely used P / E ratio, but this measure also takes into account the company’s expected earnings growth rate. The electronics parts distribution industry currently had an average PEG ratio of 0.3 since yesterday’s close.
The Electronics – Parts Distribution Industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 13, which places it in the top 6% of all 250+ industries.
The Zacks Industry Rank includes are listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to track all of these stock-shifting metrics, and more, in the upcoming trading sessions.
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WESCO International, Inc. (WCC): Free Inventory Analysis Report
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