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Insight (NSIT - Snapshot Report)
is a Zacks #1 Rank (Strong Buy) after posting four upside
surprises and gets higher estimates for 2012. Its low multiples
make it worth a look for value investors.
Insight is a global direct marketer of brand name computers,
hardware and software. The company markets to small-and-medium-
sized businesses, through a combination of a strong outbound
telemarketing sales force, electronic commerce, electronic
marketing and direct mail catalogs. The company offers an
extensive assortment of computer hardware and software. The
company's sales force, aggressive marketing strategies and
streamlined distribution, together with its advanced proprietary
information system, have resulted in high customer loyalty and
strong, profitable growth.
Impressive Streak of Earnings Surprises
Its not that often you see a company that has beaten the Zacks
Consensus Estimate for 12 straight quarters. A little more than
three years ago, the company met expectations and after that the
beats have been programmed in like they were on speed dial.
Over the last four quarters, the company has posted an earnings
surprise by an average of 16%. Two of those beats were more than
25% ahead of the Zacks Consensus Estimate
NSIT Recently Reported Earnings
On February 13, 2012 the company reported revenue of $1.36 billion
slightly above estimates and up from the $1.33 billion reported in
the year ago
addition, earnings per
share came in at $0.63 up from $0.50 posted a year ago and $0.13
ahead of the Zacks Consensus Estimate. As a result, the stock
moved higher by more than 18%.
Earnings Estimates Bumped Up
Following the most recent earnings report, analysts bumped up
their earnings estimates for 2012. The Zacks Consensus Estimate
for 2012 EPS moved from $2.04 in January 2012 to the current
level of $2.27.
NSIT has a very attractive valuation. Value investors will
appreciate all the multiples that the company trades at, including
at 9x forward PE multiple and a 1.5x price to book multiple. One
metric that stands out even more is the 0.17x price to sales
metric that shows the company trading a steep discount to the
industry average of 0.74x.
Three straight years of beats is impressive and a chart shows that
it could have been more than four had it not been for an earnings
meet. Value investors will like this name not only for the low
multiple and attractive valuation, but for its consistency when it
comes to earnings. NSIT is a Zacks #1 Rank
Brian Bolan is the Aggressive Growth Stock Strategist
Zacks.com. He is also the Editor in charge of the Zacks Home Run Investor
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