IBD 50 member Wesco International is forming a base offering a 141.02 buy point with its next quarterly report expected on May 5. The base is a first-stage consolidation.
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Top and bottom line growth moved higher last quarter. Earnings were up 160%, compared to 65% in the prior report. Revenue increased from 14% to 18%.
Analysts expect earnings growth of 56% for the quarter, and 17% growth for the full year.
Wesco International Stock has a 93 Composite Rating and holds the No. 1 rank among its peers in the Electronics-Parts industry group. Transcat and Bel Fuse are also among the group's highest-rated stocks.
Note: Dates for earnings reports are subject to change. Check the company's website for any updates.
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