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

ePlus

23/05/2024 16:41

* ePlus inc  PLUS.OQ  reported quarterly adjusted earnings
of 93
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of $1.36. 
The mean expectation of three analysts for the quarter was
for earnings of $1.17 per share. Wall Street expected results to
range from $1.13  to $1.21 per share.
    * Revenue rose 12.7% to $554.46 million from a year ago;
analysts
expected $537.83 million. 
    * ePlus inc's reported EPS for the quarter was 82 cents​.
    * The company reported quarterly net income of $21.98
million.
    * ePlus inc shares had risen by 0.9% this quarter and
lost 0.7% 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 "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
$90.00 
This summary was machine generated from LSEG data May 23 at
03:40 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      1.17           0.93           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