ePlus inc reports results for the quarter ended in December - Earnings Summary

ePlus

06/02/2024 22:55

* ePlus inc  PLUS.OQ  reported quarterly adjusted earnings
of
$1.18​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of
$1.38.  The mean expectation of three analysts for the quarter
was for earnings of $1.38 per share. Wall Street expected
results to range from $1.37  to $1.39 per share.
    * Revenue fell 18.4% to $509.06 million from a year ago;
analysts
expected $595.07 million. 
    * ePlus inc's reported EPS for the quarter was $1.02​.
    * The company reported quarterly net income of $27.28
million.
    * ePlus inc shares had fallen by 3.2% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the it services &
consulting peer group is also "buy"

Wall Street's median 12-month price target for ePlus inc is
$79.00 
This summary was machine generated from LSEG data February 6 at
10:55 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
 Dec. 31 2023      1.38           1.18           Missed
 Sep. 30 2023      1.34           1.40           Beat
 Jun. 30 2023      0.99           1.41           Beat
 Mar. 31 2023      1.06           1.36           Beat