For the quarter ended December 2023, CDW (CDW - Free Report) reported revenue of $5.02 billion, down 7.7% over the same period last year. EPS came in at $2.57, compared to $2.50 in the year-ago quarter.
The reported revenue represents a surprise of -6.35% over the Zacks Consensus Estimate of $5.36 billion. With the consensus EPS estimate being $2.57, the company has not delivered EPS surprise.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how CDW performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Public- Government: $660.70 million compared to the $655.48 million average estimate based on three analysts. The reported number represents a change of +4.5% year over year.
- Public- Education: $579.10 million compared to the $768.48 million average estimate based on three analysts. The reported number represents a change of -11.8% year over year.
- Public- Healthcare: $535.90 million versus the three-analyst average estimate of $564.41 million. The reported number represents a year-over-year change of -4.7%.
- Net sales- Public: $1.78 billion compared to the $1.99 billion average estimate based on three analysts. The reported number represents a change of -4.1% year over year.
- Net sales- Other: $587.20 million versus $636.06 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -13.6% change.
- Net sales- Corporate: $2.29 billion compared to the $2.34 billion average estimate based on three analysts. The reported number represents a change of -8% year over year.
- Net sales- Small Business: $370 million versus $384.20 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -12.7% change.
View all Key Company Metrics for CDW here>>>Shares of CDW have returned +5.7% over the past month versus the Zacks S&P 500 composite's +5.6% 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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This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
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For the quarter ended December 2023, CDW (CDW - Free Report) reported revenue of $5.02 billion, down 7.7% over the same period last year. EPS came in at $2.57, compared to $2.50 in the year-ago quarter.
The reported revenue represents a surprise of -6.35% over the Zacks Consensus Estimate of $5.36 billion. With the consensus EPS estimate being $2.57, the company has not delivered EPS surprise.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how CDW performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Public- Government: $660.70 million compared to the $655.48 million average estimate based on three analysts. The reported number represents a change of +4.5% year over year.
- Public- Education: $579.10 million compared to the $768.48 million average estimate based on three analysts. The reported number represents a change of -11.8% year over year.
- Public- Healthcare: $535.90 million versus the three-analyst average estimate of $564.41 million. The reported number represents a year-over-year change of -4.7%.
- Net sales- Public: $1.78 billion compared to the $1.99 billion average estimate based on three analysts. The reported number represents a change of -4.1% year over year.
- Net sales- Other: $587.20 million versus $636.06 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -13.6% change.
- Net sales- Corporate: $2.29 billion compared to the $2.34 billion average estimate based on three analysts. The reported number represents a change of -8% year over year.
- Net sales- Small Business: $370 million versus $384.20 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -12.7% change.
View all Key Company Metrics for CDW here>>>Shares of CDW have returned +5.7% over the past month versus the Zacks S&P 500 composite's +5.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
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