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

CDW

01/05/2024 14:32

* CDW Corp  CDW.OQ  reported quarterly adjusted earnings of
$1.92​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of $2.03. 
The mean expectation of eleven analysts for the quarter was
for earnings of $2.15 per share. Wall Street expected results to
range from $2.06  to $2.31 per share.
    * Revenue fell 4.5% to $4.87 billion from a year ago;
analysts
expected $5.00 billion. 
    * CDW Corp's reported EPS for the quarter was $1.59​.
    * The company reported quarterly net income of $216.1
million.
    * CDW Corp shares had fallen by 5.4% this quarter and
gained 6.4%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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." 
    * Wall Street's median 12-month price target for CDW Corp is
$265.00 

This summary was machine generated from LSEG data May 1 at 01:31
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
 Mar. 31 2024      2.15           1.92           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