Watsco Stock Forecast

Stock Price Forecast

The 6 analysts with 12-month price forecasts for Watsco stock have an average target of 397.33, with a low estimate of 325 and a high estimate of 500. The average target predicts a decrease of -19.63% from the current stock price of 494.38.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$325	$397.33	$402	$500
Change	-34.26%	-19.63%	-18.69%	+1.14%

* Price targets were last updated on Apr 25, 2024.

Analyst Ratings

The average analyst rating for Watsco stock from 6 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Feb '24	Mar '24	Apr '24	May '24	Jun '24	Jul '24
Strong Buy	0	0	0	0	0	0
Buy	2	2	2	2	2	2
Hold	6	6	4	4	4	3
Sell	2	2	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	10	10	7	7	7	6

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Tommy Moll Stephens & Co.	Stephens & Co.	Buy Reiterates $500	Buy	Reiterates	$500	+1.14%	Apr 25, 2024
David Manthey Baird	Baird	Buy Maintains $420 → $460	Buy	Maintains	$420 → $460	-6.95%	Apr 25, 2024
David Manthey Baird	Baird	Buy Maintains $400 → $410	Buy	Maintains	$400 → $410	-17.07%	Feb 14, 2024
Tommy Moll Stephens & Co.	Stephens & Co.	Buy Maintains $450 → $500	Buy	Maintains	$450 → $500	+1.14%	Dec 11, 2023
Damian Karas UBS	UBS	Hold Maintains $340 → $402	Hold	Maintains	$340 → $402	-18.69%	Oct 10, 2023

More Analyst Ratings

Financial Forecast

Revenue This Year

7.76B

from 7.28B

6.48%

from 7.28B

Revenue Next Year

8.31B

from 7.76B

7.18%

from 7.76B

EPS This Year

14.21

from 13.67

3.93%

from 13.67

EPS Next Year

16.11

from 14.21

13.39%

from 14.21

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	4.77B	5.05B	6.28B	7.27B	7.28B	7.76B	8.31B	8.89B	10.02B	10.70B
Revenue Growth	4.92%	5.97%	24.24%	15.83%	0.13%	6.48%	7.18%	6.89%	12.75%	6.80%
EPS	6.50	7.01	10.78	15.41	13.67	14.21	16.11	17.65	20.46	18.97
EPS Growth	0.15%	7.85%	53.78%	42.95%	-11.29%	3.93%	13.39%	9.54%	15.95%	-7.31%
Forward PE	-	-	-	-	-	34.80	30.69	28.01	24.16	26.06
No. Analysts	-	-	-	-	-	16	15	6	2	2

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	8.2B	9.0B	9.7B	10.4B	11.1B
Avg	7.8B	8.3B	8.9B	10.0B	10.7B
Low	7.4B	7.6B	8.4B	9.7B	10.4B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	13.1%	16.0%	16.2%	17.2%	11.0%
Avg	6.5%	7.2%	6.9%	12.8%	6.8%
Low	1.5%	-1.5%	1.2%	9.4%	3.6%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	16.20	19.67	19.99	21.27	19.72
Avg	14.21	16.11	17.65	20.46	18.97
Low	13.03	14.26	15.94	19.85	18.40

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	18.5%	38.4%	24.1%	20.5%	-3.6%
Avg	3.9%	13.4%	9.5%	16.0%	-7.3%
Low	-4.7%	0.4%	-1.0%	12.5%	-10.1%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.