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

Climb Global Solutions

02/05/2024 24:13

* Climb Global Solutions Inc  CLMB.OQ  reported quarterly
adjusted
earnings of 60 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 74 cents.  The lone analyst forecast for the quarter was
for earnings of 75 cents per share. 
    * Revenue rose 8.7% to $92.42 million from a year ago;
analysts
expected $105.44 million. 
    * Climb Global Solutions Inc's reported EPS for the quarter
was 60
cents​.
    * The company reported quarterly net income of $2.73
million.
    * Climb Global Solutions Inc shares had fallen by 9.1% this
quarter and gained 17.6% so far this year.

FORECAST CHANGES
    * 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 $76.00 
This summary was machine generated from LSEG data May 1 at 11:13
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      0.75           0.60           Missed
 Dec. 31 2023      0.68           1.15           Beat
 Sep. 30 2023      0.66           0.52           Missed
 Jun. 30 2023      0.45           0.31           Missed