PC Connection Inc reports results for the quarter ended in December - Earnings Summary

PC Connection

14/02/2024 23:30

* PC Connection Inc  CNXN.OQ  reported quarterly adjusted
earnings
of 90 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of 71 cents.  The mean expectation of two analysts
for the quarter was for earnings of 88 cents per share. 
    * Revenue fell 4.9% to $696.47 million from a year ago;
analysts
expected $673.59 million. 
    * PC Connection Inc's reported EPS for the quarter was 90
cents​.
    * The company reported quarterly net income of $23.78
million.
    * PC Connection Inc shares had fallen by 4.6% this quarter.

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 "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the integrated
hardware
& software peer group is also "hold"

Wall Street's median 12-month price target for PC Connection Inc
is $70.00 
This summary was machine generated from LSEG data February 14 at
11:30 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
 Dec. 31 2023      0.88           0.90           Beat
 Sep. 30 2023      0.81           0.97           Beat
 Jun. 30 2023      0.69           0.75           Beat
 Mar. 31 2023      0.65           0.54           Missed