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

ePlus

06/08/2024 23:54

* ePlus inc  PLUS.OQ  reported quarterly adjusted earnings
of
$1.13​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of $1.41. 
The mean expectation of three analysts for the quarter was
for earnings of $1.17 per share. Wall Street expected results to
range from $1.09  to $1.25 per share.
    * Revenue fell 5.2% to $544.54 million from a year ago;
analysts
expected $555.23 million. 
    * ePlus inc's reported EPS for the quarter was $1.02​.
    * The company reported quarterly net income of $27.34
million.
    * ePlus inc shares had risen by 7.7% this quarter and
lost 0.7% so
far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 10.7%
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," 1
"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
$96.00 
This summary was machine generated from LSEG data August 6 at
10:53 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
 Jan. 1 0001       1.17           1.13           Missed
 Mar. 31 2024      1.17           0.93           Missed
 Dec. 31 2023      1.38           1.18           Missed
 Sep. 30 2023      1.34           1.40           Beat