Watsco stock falls after Q2 miss and Granite Group deal

Published on 09/19/2026 at 15:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Watsco stock traded at USD 308.94 on September 19, 2026 after Q2 revenue of USD 2.10 billion missed estimates. EPS was USD 4.00, below the USD 4.41 consensus.

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Watsco stock (ISIN US9427491025) traded at USD 308.94 on September 19, 2026, after its latest quarter showed revenue of USD 2.10 billion and EPS of USD 4.00. The shares were down 1.17 percent at 1:31 p.m. Eastern, according to MarketBeat, which also showed a market value of USD 304.67 later in the session.

Quarterly numbers missed

According to MarketBeat, Watsco reported EPS of USD 4.00 for the quarter, below the consensus estimate of USD 4.41 by USD 0.41, while revenue of USD 2.10 billion missed the USD 2.14 billion forecast. The same report put net margin at 6.53 percent and return on equity at 14.40 percent for the quarter.

The comparison matters for investors because the top line still rose 2.1 percent year over year, but the earnings miss was larger in absolute terms than the revenue shortfall. MarketBeat also said sell-side analysts expect full-year EPS of 12.21.

Deal talk adds context

As ACHR News reported on September 18, 2026, Watsco announced plans to acquire The Granite Group, a diversified distributor with about USD 500 million in sales across seven Northeastern states. The Globe and Mail said on September 18, 2026 that the stock was being viewed against a backdrop of solid margins, low leverage and strong free-cash-flow conversion.

That combination gives the stock two clear reference points: a quarter with USD 2.10 billion in revenue and USD 4.00 in EPS, and a deal that would add another distribution platform with roughly USD 500 million in annual sales. The market still has to absorb both the earnings gap and the acquisition story at the same time.

Stock near USD 300

Watsco stock last traded at USD 308.94 on the NYSE on September 19, 2026, with a move of 1.17 percent in the session, while MarketBeat also cited a later value of USD 304.67. The shares closed the latest session above the USD 300 mark, keeping the price action well below the stock's recent highs implied by the current market range.