Watsco Income Statement Research

WSO Stock  USD 434.28  10.03  2.36%   
Most accounts from Watsco's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Watsco Inc current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Watsco Valuation and Watsco Correlation analysis.
  
At this time, Watsco's EBIT is very stable compared to the past year. As of the 28th of March 2024, EBITDA is likely to grow to about 846.8 M, though Minority Interest is likely to grow to (97 M).
Most accounts from Watsco's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Watsco Inc current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Watsco Valuation and Watsco Correlation analysis.
At this time, Watsco's EBIT is very stable compared to the past year. As of the 28th of March 2024, EBITDA is likely to grow to about 846.8 M, though Minority Interest is likely to grow to (97 M).
 2021 2022 2023 2024 (projected)
Interest Expense996K2.2M4.9M5.4M
Depreciation And Amortization28.1M31.7M35.1M36.8M

Watsco income statement Correlations

-0.290.990.980.990.950.950.950.990.980.940.570.920.90.98-0.560.790.2-0.71-0.130.8-0.760.7
-0.29-0.22-0.22-0.22-0.25-0.25-0.25-0.23-0.2-0.25-0.16-0.27-0.2-0.210.1-0.270.040.32-0.11-0.220.31-0.15
0.99-0.220.991.00.970.970.971.01.00.970.520.940.921.0-0.580.830.3-0.71-0.070.82-0.740.74
0.98-0.220.990.990.990.990.990.990.990.990.540.970.921.0-0.640.860.37-0.72-0.080.86-0.740.79
0.99-0.221.00.990.960.960.961.01.00.960.510.930.921.0-0.550.820.28-0.7-0.070.8-0.740.72
0.95-0.250.970.990.961.01.00.960.971.00.580.990.910.98-0.720.890.44-0.72-0.090.9-0.740.84
0.95-0.250.970.990.961.01.00.960.971.00.580.990.910.98-0.710.890.44-0.72-0.090.9-0.740.84
0.95-0.250.970.990.961.01.00.960.971.00.580.990.910.98-0.710.890.43-0.72-0.090.9-0.740.84
0.99-0.231.00.991.00.960.960.961.00.960.510.930.921.0-0.550.810.28-0.7-0.070.8-0.740.71
0.98-0.21.00.991.00.970.970.971.00.960.50.940.911.0-0.570.830.31-0.71-0.050.82-0.740.73
0.94-0.250.970.990.961.01.01.00.960.960.60.990.910.97-0.730.890.44-0.72-0.10.91-0.740.85
0.57-0.160.520.540.510.580.580.580.510.50.60.610.530.53-0.680.460.12-0.43-0.530.59-0.540.6
0.92-0.270.940.970.930.990.990.990.930.940.990.610.850.96-0.750.910.41-0.75-0.070.93-0.790.86
0.9-0.20.920.920.920.910.910.910.920.910.910.530.850.92-0.550.720.49-0.55-0.230.73-0.50.71
0.98-0.211.01.01.00.980.980.981.01.00.970.530.960.92-0.60.840.32-0.72-0.070.84-0.750.76
-0.560.1-0.58-0.64-0.55-0.72-0.71-0.71-0.55-0.57-0.73-0.68-0.75-0.55-0.6-0.68-0.460.370.4-0.810.47-0.84
0.79-0.270.830.860.820.890.890.890.810.830.890.460.910.720.84-0.680.47-0.750.080.93-0.740.92
0.20.040.30.370.280.440.440.430.280.310.440.120.410.490.32-0.460.47-0.17-0.020.510.060.64
-0.710.32-0.71-0.72-0.7-0.72-0.72-0.72-0.7-0.71-0.72-0.43-0.75-0.55-0.720.37-0.75-0.17-0.43-0.750.89-0.59
-0.13-0.11-0.07-0.08-0.07-0.09-0.09-0.09-0.07-0.05-0.1-0.53-0.07-0.23-0.070.40.08-0.02-0.43-0.05-0.22-0.17
0.8-0.220.820.860.80.90.90.90.80.820.910.590.930.730.84-0.810.930.51-0.75-0.05-0.760.95
-0.760.31-0.74-0.74-0.74-0.74-0.74-0.74-0.74-0.74-0.74-0.54-0.79-0.5-0.750.47-0.740.060.89-0.22-0.76-0.59
0.7-0.150.740.790.720.840.840.840.710.730.850.60.860.710.76-0.840.920.64-0.59-0.170.95-0.59
Click cells to compare fundamentals

Watsco Account Relationship Matchups

Watsco income statement Accounts

201920202021202220232024 (projected)
Interest Expense4.0M1.2M996K2.2M4.9M5.4M
Total Revenue4.8B5.1B6.3B7.3B7.3B7.6B
Gross Profit1.2B1.2B1.7B2.0B2.0B2.1B
Operating Income366.9M401.0M628.5M831.6M771.4M810.0M
Ebit366.9M401.0M628.5M831.6M771.4M810.0M
Ebitda391.4M426.9M656.7M863.3M806.5M846.8M
Cost Of Revenue3.6B3.8B4.6B5.2B5.3B5.6B
Income Before Tax362.9M399.8M627.5M829.4M789.9M829.4M
Net Income246.0M269.6M418.9M601.2M536.3M563.2M
Income Tax Expense67.1M76.6M128.8M125.7M155.8M163.5M
Minority Interest49.8M53.6M79.8M(102.5M)(102.1M)(97.0M)
Tax Provision67.1M76.6M128.8M125.7M124.8M109.6M
Interest Income4.0M1.2M996K2.2M1.9M2.7M
Net Interest Income(4.0M)(1.2M)(996K)(2.2M)(5.9M)(6.2M)

Watsco Investors Sentiment

The influence of Watsco's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Watsco. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Watsco's public news can be used to forecast risks associated with an investment in Watsco. The trend in average sentiment can be used to explain how an investor holding Watsco can time the market purely based on public headlines and social activities around Watsco Inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Watsco's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Watsco's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Watsco's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Watsco.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Watsco in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Watsco's short interest history, or implied volatility extrapolated from Watsco options trading.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Watsco Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Watsco's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Watsco Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Watsco Inc Stock:
Check out Watsco Valuation and Watsco Correlation analysis.
You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

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Is Watsco's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Watsco. If investors know Watsco will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Watsco listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.41)
Dividend Share
9.8
Earnings Share
13.66
Revenue Per Share
200.07
Quarterly Revenue Growth
0.014
The market value of Watsco Inc is measured differently than its book value, which is the value of Watsco that is recorded on the company's balance sheet. Investors also form their own opinion of Watsco's value that differs from its market value or its book value, called intrinsic value, which is Watsco's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Watsco's market value can be influenced by many factors that don't directly affect Watsco's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Watsco's value and its price as these two are different measures arrived at by different means. Investors typically determine if Watsco is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Watsco's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.