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Insight Enterprises (NSIT) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
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Insight Enterprises (NSIT - Free Report) reported $2.16 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 8%. EPS of $2.46 for the same period compares to $2.56 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $2.45 billion, representing a surprise of -11.60%. The company delivered an EPS surprise of -13.68%, with the consensus EPS estimate being $2.85.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Insight Enterprises performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- Services
: $435.23 million versus $478.30 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +7.7% change.
Net Sales- Products
: $1.73 billion versus the two-analyst average estimate of $1.96 billion. The reported number represents a year-over-year change of -11.3%.
Gross profit- Products
: $190.17 million versus the two-analyst average estimate of $195.18 million.
Gross profit- Services
: $263.20 million versus $298.77 million estimated by two analysts on average.
Shares of Insight Enterprises have returned +12.5% over the past month versus the Zacks S&P 500 composite's +1.1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Insight Enterprises (NSIT) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
Insight Enterprises (NSIT - Free Report) reported $2.16 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 8%. EPS of $2.46 for the same period compares to $2.56 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $2.45 billion, representing a surprise of -11.60%. The company delivered an EPS surprise of -13.68%, with the consensus EPS estimate being $2.85.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Insight Enterprises performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Insight Enterprises here>>>Net Sales- Services
: $435.23 million versus $478.30 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +7.7% change.Net Sales- Products
: $1.73 billion versus the two-analyst average estimate of $1.96 billion. The reported number represents a year-over-year change of -11.3%.Gross profit- Products
: $190.17 million versus the two-analyst average estimate of $195.18 million.Gross profit- Services
: $263.20 million versus $298.77 million estimated by two analysts on average.Shares of Insight Enterprises have returned +12.5% over the past month versus the Zacks S&P 500 composite's +1.1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.