PC Connection Inc expected to post earnings of 65  cents a share - Earnings Preview

PC Connection

03/05/2023 03:07

* PC Connection Inc  CNXN.OQ   CNXN.O  is expected to show a
fall
in quarterly revenue when it reports  results on May 4. 
    * The Merrimack New Hampshire-based  company is expected to
report
 a 7.7% decrease in revenue to $727.858 million from $788.34
million a year ago, according to the mean estimate from 2
analysts, based on Refinitiv data. The company's guidance on
April 20 2023, for the period ended March 31, was for revenue
between $717.39 million and $733.16 million.
    * ​Refinitiv's mean analyst estimate for PC Connection Inc
is for
earnings of 65 cents per share. 
    * 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 mean earnings estimate of analysts had fallen by
about 9.8%
in the last three months. ​
    * Wall Street's median 12-month price target for PC
Connection Inc
is $61​, above​ its last closing price of $39.40. ​​​

This summary was machine generated May 3 at 02:06 GMT.  All
figures in US dollars  unless otherwise stated