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

Insight Enterprises

02/11/2023 15:56

* Insight Enterprises Inc  NSIT.OQ  reported quarterly
adjusted
earnings of $2.37​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of $1.99.  The mean expectation of
five analysts for the quarter was for earnings of $2.33 per
share. Wall Street expected results to range from $2.22 
to $2.46 per share.
    * Revenue fell 10.6% to $2.27 billion from a year ago;
analysts
expected $2.36 billion. 
    * Insight Enterprises Inc's reported EPS for the quarter was
$1.62​.
    * The company reported quarterly net income of $60.25
million.
    * Insight Enterprises Inc shares had fallen by 0.7% this
quarter and gained 44.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4% 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 $155.00 
This summary was machine generated from LSEG data November 2 at
03:56 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      2.33           2.37           Beat
 Jun. 30 2023      2.65           2.56           Missed
 Mar. 31 2023      1.86           1.78           Missed
 Dec. 31 2022      2.12           2.53           Beat