## Insight Enterprises (NSIT) Earnings Preview: What to Expect on October 31st
Get ready for the upcoming earnings release from Insight Enterprises (NSIT) on Thursday, October 31st, 2024! Investors are eagerly awaiting this announcement, hoping for news of exceeding estimates and positive guidance for the next quarter. But what should you watch for as an investor?
Analyst Expectations & Past Performance:
Analysts are predicting that Insight Enterprises will report an earnings per share (EPS) of $2.37. It’s crucial to remember that stock prices can be heavily influenced by future projections, not just past performance. During the last quarter, the company’s EPS missed estimates by $0.37, leading to a concerning 8.21% drop in share price the following day.
Let’s take a look at Insight Enterprises’ past earnings performance and its impact on the stock price:
| Quarter | EPS Estimate | EPS Actual | Price Change (%) |
|—|—|—|—|
| Q2 2024 | $2.83 | $2.46 | -8.0% |
| Q1 2024 | $1.81 | $2.37 | 9.0% |
| Q4 2023 | $3.06 | $2.98 | -2.0% |
| Q3 2023 | $2.33 | $2.37 | 3.0% |
Analyst Insights & Peer Comparisons:
Staying informed about market sentiments and industry expectations is vital for investors. Currently, analysts have provided Insight Enterprises with 3 ratings, resulting in a consensus rating of Outperform. The average one-year price target stands at $225.0, suggesting a potential 6.97% upside.
To get a broader perspective, let’s compare Insight Enterprises to its major industry peers: Arrow Electronics, Avnet, and TD Synnex. This comparison sheds light on their relative performance expectations and market positioning.
*
Arrow Electronics:
Analyst consensus: Neutral. Average 1-year price target: $130.33, implying a potential 38.04% downside.*
Avnet:
Analyst consensus: Neutral. Average 1-year price target: $50.67, indicating a potential 75.91% downside.*
TD Synnex:
Analyst consensus: Outperform. Average 1-year price target: $139.6, indicating a potential 33.63% downside.Key Metrics Comparison:
| Company | Consensus | Revenue Growth (%) | Gross Profit | Return on Equity (%) |
|—|—|—|—|—|
| Insight Enterprises | Outperform | -8.00% | $453.37M | 4.85% |
| Arrow Electronics | Neutral | -19.05% | $846.44M | 1.90% |
| Avnet | Neutral | -15.13% | $642.88M | 1.67% |
| TD Synnex | Outperform | 5.19% | $961.05M | 2.20% |
This comparison reveals that Insight Enterprises currently ranks highest for Revenue Growth and Gross Profit among its peers. It occupies the middle position for Return on Equity.
Delving into Insight Enterprises’s Background:
Insight Enterprises Inc. is a Fortune IT provider that assists businesses of all sizes, including large enterprises, governments, schools, and healthcare organizations. The company operates in three geographic segments: North America, EMEA, and APAC. It generates the most revenue from its North American segment. Insight Enterprises offers a wide range of solutions and services, including digital innovation, cloud/data center transformation, connected workforce, and supply chain optimization.
Financial Highlights:
*
Market Capitalization:
Insight Enterprises’ market capitalization surpasses industry standards, showcasing its dominance in terms of size and indicating a robust market position.*
Revenue Decline:
During the last 3 months, Insight Enterprises experienced challenges, resulting in a decline of approximately -8.0% in revenue growth as of June 30th, 2024. This signifies a decrease in the company’s top-line earnings. Compared to its competitors, the company faced difficulties with a lower growth rate than the average among Information Technology sector peers.*
Net Margin:
Insight Enterprises boasts a net margin that surpasses industry standards, reflecting exceptional financial performance. With an impressive 4.05% net margin, the company effectively manages costs and achieves robust profitability.*
Return on Equity (ROE):
Insight Enterprises’ ROE is a standout performer, exceeding industry averages. The impressive 4.85% ROE showcases effective utilization of equity capital.*
Return on Assets (ROA):
Insight Enterprises’ ROA also surpasses industry standards, indicating exceptional financial performance. The impressive 1.26% ROA reflects effective asset utilization for optimal returns.*
Debt Management:
Insight Enterprises’ debt-to-equity ratio stands notably higher than the industry average, reaching 0.66. This suggests a greater reliance on borrowed funds, raising concerns about financial leverage.Stay Informed with the Earnings Calendar:
To track all earnings releases for Insight Enterprises, visit their earnings calendar on [insert website/platform name here]. Stay informed, analyze the data, and make informed investment decisions!
