CDW Corp reports results for the quarter ended in September 30 - Earnings Summary

CDW

30/10/2024 15:19

* CDW Corp  CDW.OQ  reported quarterly adjusted earnings of
$2.63​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of
$2.72.  The mean expectation of twelve analysts for the quarter
was for earnings of $2.85 per share. Wall Street expected
results to range from $2.78  to $2.91 per share.
    * Revenue fell 2% to $5.52 billion from a year ago; analysts
expected $5.72 billion. 
    * CDW Corp's reported EPS for the quarter was $2.34​.
    * The company reported quarterly net income of $316.4
million.
    * CDW Corp shares had fallen by 2.8% this quarter and
lost 3.3% so
far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1% 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," 5
"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
245.00 
This summary was machine generated from LSEG data October 30 at
03:18 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
 Sep. 30 2024      2.85           2.63           Missed
 Jun. 30 2024      2.53           2.50           Missed
 Mar. 31 2024      2.15           1.92           Missed
 Dec. 31 2023      2.56           2.57           Beat