The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Insight Enterprises missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP earnings per share grew.
Margins grew across the board.
Insight Enterprises logged revenue of $1.18 billion. The two analysts polled by S&P Capital IQ foresaw revenue of $1.28 billion on the same basis. GAAP reported sales were 4.6% lower than the prior-year quarter's $1.24 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.44. The two earnings estimates compiled by S&P Capital IQ forecast $0.41 per share. GAAP EPS of $0.43 for Q3 were 13% higher than the prior-year quarter's $0.38 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 14.2%, 100 basis points better than the prior-year quarter. Operating margin was 2.7%, 40 basis points better than the prior-year quarter. Net margin was 1.6%, 20 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.43 billion. On the bottom line, the average EPS estimate is $0.64.
Next year's average estimate for revenue is $5.48 billion. The average EPS estimate is $2.24.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 106 members out of 115 rating the stock outperform, and nine members rating it underperform. Among 36 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 35 give Insight Enterprises a green thumbs-up, and one give it a red thumbs-down.
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