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

Insight Enterprises

03/05/2024 22:54

* Insight Enterprises Inc  NSIT.OQ  reported quarterly
adjusted
earnings of $2.37​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of $1.78.  The mean expectation of five analysts
for the quarter was for earnings of $1.81 per share. Wall Street
expected results to range from $1.78  to $1.91 per share.
    * Revenue rose 2.4% to $2.38 billion from a year ago;
analysts
expected $2.30 billion. 
    * Insight Enterprises Inc's reported EPS for the quarter was
$1.74​.
    * The company reported quarterly net income of $67.03
million.
    * Insight Enterprises Inc shares had fallen by 3.8% this
quarter and gained 0.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 19.4%
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 "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 $192.00 
This summary was machine generated from LSEG data May 3 at 09:54
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      1.81           2.37           Beat
 Dec. 31 2023      3.06           2.98           Missed
 Sep. 30 2023      2.33           2.37           Beat
 Jun. 30 2023      2.65           2.56           Missed