CDW Corp reports results for the quarter ended in December - Earnings Summary

CDW

07/02/2024 14:31

* CDW Corp  CDW.OQ  reported quarterly adjusted earnings of
$2.57​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of
$2.50.  The mean expectation of eleven analysts for the quarter
was for earnings of $2.56 per share. Wall Street expected
results to range from $2.51  to $2.64 per share.
    * Revenue fell 7.7% to $5.02 billion from a year ago;
analysts
expected $5.32 billion. 
    * CDW Corp's reported EPS for the quarter was $2.18​.
    * The company reported quarterly net income of $296.1
million.
    * CDW Corp shares had risen by 1.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the integrated
hardware
& software peer group is also "buy"

Wall Street's median 12-month price target for CDW Corp is
$233.50 
This summary was machine generated from LSEG data February 7 at
02:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      2.56           2.57           Beat
 Sep. 30 2023      2.60           2.72           Beat
 Jun. 30 2023      2.33           2.56           Beat
 Mar. 31 2023      2.01           2.03           Beat