Insight Enterprises Inc reports results for the quarter ended in June - Earnings Summary

Insight Enterprises

01/08/2024 14:53

* Insight Enterprises Inc  NSIT.OQ  reported quarterly
adjusted
earnings of $2.46​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of $2.56.  The mean expectation of five analysts for the
quarter was for earnings of $2.82 per share. Wall Street
expected results to range from $2.71  to $3.03 per share.
    * Revenue fell 8% to $2.16 billion from a year ago; analysts
expected $2.47 billion. 
    * Insight Enterprises Inc's reported EPS for the quarter was
$2.27​.
    * The company reported quarterly net income of $87.44
million.
    * Insight Enterprises Inc shares had risen by 13.2% this
quarter and gained 26.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the computer
hardware
peer group is also "hold"

Wall Street's median 12-month price target for Insight
Enterprises Inc is $215.00 
This summary was machine generated from LSEG data August 1 at
01:53 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
 Jun. 30 2024      2.82           2.46           Missed
 Mar. 31 2024      1.81           2.37           Beat
 Dec. 31 2023      3.06           2.98           Missed
 Sep. 30 2023      2.33           2.37           Beat