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

PC Connection

02/08/2023 22:49

* PC Connection Inc  CNXN.OQ  reported quarterly adjusted
earnings
of 75 cents​​ per share for the quarter ended in June. The mean
expectation of two analysts for the quarter was for earnings of
69 cents per share.
    * Revenue fell 11.5% to $733.55 million from a year ago;
analysts
expected $763.72 million. 
    * PC Connection Inc's reported EPS for the quarter was 75
cents​.
    * The mean earnings estimate of analysts had fallen by
about 18%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * PC Connection Inc shares had risen by 9.2% this
quarter and
gained 5.1% so far this year.
    * The company reported quarterly net income of $19.7
million.
    * Wall Street's median 12-month price target for PC
Connection Inc
is $61.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 2 at 09:48 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.69           0.75           Beat
 Mar. 31 2023      0.65           0.54           Missed
 Dec. 31 2022      0.74           0.71           Missed
 Sep. 30 2022      0.83           0.88           Beat