Climb Global Solutions Inc reports results for the quarter ended in June - Earnings Summary

Climb Global Solutions

07/08/2024 01:41

* Climb Global Solutions Inc  CLMB.OQ  reported quarterly
adjusted
earnings of 75 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 31 cents.  The lone analyst forecast for the
quarter was for earnings of 48 cents per share. 
    * Revenue rose 12.7% to $92.08 million from a year ago;
analysts
expected $97.27 million. 
    * Climb Global Solutions Inc's reported EPS for the quarter
was 75
cents​.
    * The company reported quarterly net income of $3.43
million.
    * Climb Global Solutions Inc shares had fallen by 1.4% this
quarter and gained 12.9% so far this year.

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
"strong buy"
and the breakdown of recommendations is 1 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the integrated
hardware
& software peer group is also "strong buy"

Wall Street's median 12-month price target for Climb Global
Solutions Inc is $68.00 
This summary was machine generated from LSEG data August 7 at
12:40 a.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
 Jun. 30 2024      0.48           0.75           Beat
 Mar. 31 2024      0.75           0.60           Missed
 Dec. 31 2023      0.68           1.15           Beat
 Sep. 30 2023      0.66           0.52           Missed