WESCO International, Inc. ($WCC) Stock Forecast: Up 5.9% Today

What is WESCO International, Inc.?

WESCO International, Inc. (WCC) is a multinational electronics distribution and services company based in the United States. The company provides a variety of products and services to industrial, construction, utility, and government markets.

Why is WESCO International, Inc. going up?

WCC stock is up 5.9% on Feb 13, 2025 14:46

• Despite missing EPS estimates in Q4, WESCO International's stock saw a bullish movement, suggesting that investors are emphasizing positive aspects of the company's performance.
• Strong performance in Data Center, Broadband Solutions, and Electrical segments likely fueled an increase in sales, contributing to the positive sentiment surrounding WCC.
• An uptick in short interest for WCC possibly triggered a short squeeze situation, prompting short sellers to cover their positions and pushing the stock price higher.
• The market sentiment appears optimistic about WESCO International's future outlook, focusing on the company's sales growth and the potential dynamics of a short squeeze, while overlooking the earnings miss.

WCC Price Chart

WCC Technical Analysis

WCC News

WESCO Q4 Earnings Miss Estimates, Sales Increased Y/Y: Stock Rises

WCC's fourth-quarter 2024 results reflect headwinds from the UBS segment's struggles and a shrinking margin.

https://www.zacks.com/stock/news/2414859/wesco-q4-earnings-miss-estimates-sales-increased-yy-stock-rises

WESCO Q4: EPS Miss, Flat Sales, Effective Working Capital Management And More - WESCO Intl ( NYSE:WCC )

WESCO's Q4 sales grew 0.5% YoY, driven by strong performance in Data Center, Broadband Solutions, and Electrical businesses. Despite strong sales, WESCO missed EPS estimates, and shares dropped 2.45% premarket as investors react to results. NOW OPEN: 200 Charter Memberships to Benzinga Trade Alerts

https://www.benzinga.com/news/earnings/25/02/43621151/wesco-q4-eps-miss-flat-sales-effective-working-capital-management-and-more

Wesco International ( WCC ) Misses Q4 Earnings Estimates

Wesco International (WCC) delivered earnings and revenue surprises of -1.86% and 1.52%, respectively, for the quarter ended December 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2413351/wesco-international-wcc-misses-q4-earnings-estimates

Peering Into WESCO Intl's Recent Short Interest - WESCO Intl ( NYSE:WCC )

WESCO Intl's WCC short percent of float has risen 10.64% since its last report. The company recently reported that it has 1.08 million shares sold short, which is 2.6% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.89 days to cover their ...

https://www.benzinga.com/insights/short-sellers/25/02/43570590/peering-into-wesco-intls-recent-short-interest

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WESCO International, Inc. Price History

06.10.2024 - WCC Stock was up 12.8%

• WCC stock displayed significant bullish momentum today.
• Better-than-anticipated earnings and revenue figures were announced for the third quarter of 2024.
• While facing hurdles in the EES and UBS sectors, the company saw noteworthy growth in data centers and secured new contracts, contributing positively to its stock performance.
• The surpassing of earnings expectations might signal resilience and potential future expansion for WCC, influencing the bullish trend in the market.

31.09.2024 - WCC Stock was up 9.0%

• Wesco International (WCC) surpassed earnings and revenue expectations for the third quarter of 2024, signaling strong financial performance.
• The unexpected positive results in earnings and revenue suggest a robust and potentially expanding business operation for the company.
• The favorable investor response to the better-than-anticipated financial outcomes led to the upward movement in WCC stock today.
• The strong performance in Q3 might enhance confidence in the company's future outlook, generating heightened investor interest and pushing the stock price upwards.

09.11.2024 - WCC Stock was down 1.8%

• The short interest in WESCO International (WCC) has risen by 27.75%, reflecting an increasing bearish sentiment among traders.
• There are 1.21 million shares sold short, which represent 2.9% of all regular shares available for trading, signaling notable negativity towards the stock.
• The elevated short interest indicates potential investor worries about the company's future performance or market conditions, contributing to the recent bearish movement in the stock price.

13.01.2025 - WCC Stock was up 5.9%

• Despite missing EPS estimates in Q4, WESCO International's stock saw a bullish movement, suggesting that investors are emphasizing positive aspects of the company's performance.
• Strong performance in Data Center, Broadband Solutions, and Electrical segments likely fueled an increase in sales, contributing to the positive sentiment surrounding WCC.
• An uptick in short interest for WCC possibly triggered a short squeeze situation, prompting short sellers to cover their positions and pushing the stock price higher.
• The market sentiment appears optimistic about WESCO International's future outlook, focusing on the company's sales growth and the potential dynamics of a short squeeze, while overlooking the earnings miss.

29.04.2024 - WCC Stock was down 6.2%

• Investor profit-taking following a period of optimism may have driven the decline in WCC stock.
• The introduction of a scholarship program by Wesco International suggests a rise in expenditure and commitment to backing future tradespeople, potentially impacting short-term profitability.
• Analyst downgrades in other industry players, such as American Airlines, might have influenced market sentiment and contributed to the downward movement in WCC stock.
• In summary, factors like profit-taking, increased investment in social programs, and industry-wide analyst downgrades likely influenced the bearish market trend for Wesco International.

14.01.2024 - WCC Stock was up 6.1%

• Despite WESCO International's Q4 earnings lagging estimates and revenues dipping year-over-year, the stock had a strong bullish movement.
• The negative earnings surprise and revenue miss may have been already priced in by the market, leading to a positive market reaction.
• The lack of available information on the earnings call and industrial movers suggests that there may not have been significant negative news impacting the stock.
• The stock's bullish movement could be attributed to investors focusing on other factors such as future growth prospects or positive market sentiment.

15.01.2024 - WCC Stock was up 7.1%

• Q4 earnings for WCC fell short of expectations and revenues declined compared to the previous year, indicating slow growth in specific areas.
• Following the disappointing quarter, RBC downgraded the stock, which had a negative impact on its performance.
• Despite the negative developments, WCC managed to surpass revenue expectations, providing a ray of hope for the future.
• The overall market movement can be attributed to investors recognizing the value in WCC despite the challenges faced during the recent quarter.

15.01.2024 - WCC Stock was up 7.1%

• WESCO International (WCC) stock experienced a strong bullish movement today.
• A downgrade to a hold rating could have initially caused some concern among investors.
• However, the Q4 earnings report displayed sluggishness in certain segments, which may have been overshadowed by other positive factors leading to the bullish movement.
• The absence of available summaries for the remaining information suggests those articles did not have a significant impact on the market movement.

29.04.2024 - WCC Stock was down 5.4%

• The bearish movement in WCC stock today could be attributed to:
• Investors potentially reacting negatively to the scholarship program, as it might indicate increased spending or a shift in company focus.
• Market participants might be concerned about the impact of supporting tradespeople on Wesco International's bottom line in the short term.
• The market may be interpreting the scholarship program as a deviation from the company's core business strategy, leading to a sell-off of WCC shares.

11.06.2024 - WCC Stock was up 5.6%

• Short interest as a percentage of float for WCC has increased by 9.7% since the last data release.
• The number of shares sold short for WCC amounts to 2.07 million, representing 4.75% of the total regular trading shares.
• The rise in short interest potentially triggered a short squeeze, prompting a spike in the stock price as traders scrambled to close their positions.
• Today, the bullish movement in WCC may be attributed to short sellers being compelled to repurchase shares, leading to heightened demand and an upward push in the stock price.

16.06.2024 - WCC Stock was up 5.3%

• The strong bullish movement in WESCO Intl's stock today can be attributed to its consistent outperformance in the market over the past 5 years, with an impressive average annual return of 28.13%.
• The recent increase in short interest for WCC may have triggered a short squeeze, leading to a surge in buying pressure and subsequently driving the stock price higher.
• Investors seem to be optimistic about WESCO Intl's future prospects, considering its solid market capitalization of $8.65 billion and the potential for further growth in its core business segments.

11.01.2025 - WCC Stock was up 5.3%

• Despite positive Q4 sales growth in key sectors, the company fell short of EPS expectations, causing a decline in premarket stock values.
• The increase in WESCO Intl's short interest may have impacted the stock price volatility.
• Analysts' forecasts for Q4 earnings and key metrics likely influenced investor confidence, leading to the stock's bullish movement.