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

CDW

03/05/2023 14:31

* CDW Corp  CDW.OQ  reported quarterly adjusted earnings of
$2.03​​ per share for the quarter ended in March. The mean
expectation of ten analysts for the quarter was for earnings of
$2.01 per share.
    * Revenue fell 14.2% to $5.10 billion from a year ago;
analysts
expected $5.10 billion. 
    * CDW Corp's reported EPS for the quarter was $1.68​.
    * The mean earnings estimate of analysts had fallen by
about 15.7%
in the last three months.​ 
    * In the last 30 days, eight analysts negatively revised
earnings
estimates 
    * CDW Corp shares had fallen by 13.9% this quarter and
lost 6.0%
so far this year.
    * The company reported quarterly net income of $230.1
million.
    * Wall Street's median 12-month price target for CDW Corp is
$200.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data May
3 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      2.01           2.03           Beat
 Dec. 31 2022      2.48           2.50           Beat
 Sep. 30 2022      2.52           2.60           Beat
 Jun. 30 2022      2.42           2.49           Beat