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

PC Connection

31/07/2024 22:03

* PC Connection Inc  CNXN.OQ  reported quarterly adjusted
earnings
of 99 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of 75 cents.  The mean expectation of two analysts for the
quarter was for earnings of 83 cents per share. Wall Street
expected results to range from 82 cents to 84 cents per share.
    * Revenue rose 0.4% to $736.48 million from a year ago;
analysts
expected $703.50 million. 
    * PC Connection Inc's reported EPS for the quarter was 99
cents​.
    * The company reported quarterly net income of $26.16
million.
    * PC Connection Inc shares had risen by 9.6% this
quarter and
gained 4.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.7%
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 July 31 at
09:03 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
 Jun. 30 2024      0.83           0.99           Beat
 Mar. 31 2024      0.64           0.50           Missed
 Dec. 31 2023      0.88           0.90           Beat
 Sep. 30 2023      0.81           0.97           Beat