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

PC Connection

01/11/2023 21:46

* PC Connection Inc  CNXN.OQ  reported quarterly adjusted
earnings
of 97 cents​​ per share for the quarter ended in September,
higher than the same quarter last year, when the company
reported EPS of 88 cents.  The mean expectation of two analysts
for the quarter was for earnings of 81 cents per share. Wall
Street expected results to range from 80 cents to 82 cents per
share.
    * Revenue fell 10.6% to $693.09 million from a year ago;
analysts
expected $738.41 million. 
    * PC Connection Inc shares had risen by 0.4% this
quarter and
gained 14.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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." 
    * Wall Street's median 12-month price target for PC
Connection Inc
is $64.00 

This summary was machine generated from LSEG data November 1 at
09:46 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.81           0.97           Beat
 Jun. 30 2023      0.69           0.75           Beat
 Mar. 31 2023      0.65           0.54           Missed
 Dec. 31 2022      0.74           0.71           Missed