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BUZZ-Wolseley: setting up for a miss, margins in focus

Reuters - UK Focus

Wolseley (LSE: WOS.L - news) the top drag on the FTSE on Monday, a day before company announces results.

** While brokers, on average, are bullish on stock with 12 buys vs 3 sells according to StarMine, the two top-ranked analysts rate the stock an "underperform"

** Primary concern is margins at US business and outlook on 2014 profitability will be key in earnings announcement.

** Wolseley stock has remained largely flat over the past 6 months or so. Underperforming peers including CRH (Irish: CRG.IR - news) which has slipped sharply since Feb. http://link.reuters.com/qed87v

** Current P/E valuations for Wolseley shares are 32% above 10 year median. http://link.reuters.com/nyd87v

(Stocks Buzz is a pilot project. Please send any feedback or suggestions to vikram.subhedar@thomsonreuters.com) (RM (LSE: RM.L - news) : vikram.subhedar.thomsonreuters.com@reuters.net)