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

PC Connection

04/05/2023 23:36

* PC Connection Inc  CNXN.OQ  reported quarterly adjusted
earnings
of 54 cents​​ per share for the quarter ended in March. The mean
expectation of two analysts for the quarter was for earnings of
65 cents per share.
    * Revenue fell 7.7% to $727.55 million from a year ago;
analysts
expected $727.86 million. 
    * PC Connection Inc's reported EPS for the quarter was 54
cents​.
    * The mean earnings estimate of analysts had fallen by
about 12.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * PC Connection Inc shares had fallen by 11.7% this
quarter and
lost 15.3% so far this year.
    * The company reported quarterly net income of $14.2
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 May
4 at 10:36 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.65           0.54           Missed
 Dec. 31 2022      0.74           0.71           Missed
 Sep. 30 2022      0.83           0.88           Beat
 Jun. 30 2022      0.76           0.96           Beat