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CDW (CDW) Reports Q3 Earnings: What Key Metrics Have to Say
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CDW (CDW - Free Report) reported $5.52 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 2%. EPS of $2.63 for the same period compares to $2.72 a year ago.
The reported revenue represents a surprise of -3.49% over the Zacks Consensus Estimate of $5.72 billion. With the consensus EPS estimate being $2.84, the EPS surprise was -7.39%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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:
Net sales- Corporate: $2.16 billion versus $2.26 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -2.9% change.
Net sales- Small Business: $379.70 million compared to the $390.58 million average estimate based on three analysts. The reported number represents a change of +0.3% year over year.
Public- Government: $691 million versus the three-analyst average estimate of $741.24 million. The reported number represents a year-over-year change of -10.9%.
Net sales- Other: $640 million compared to the $619.39 million average estimate based on three analysts. The reported number represents a change of +6.4% year over year.
Public- Healthcare: $649 million versus $603.26 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +4.7% change.
Net sales- Public: $2.34 billion versus $2.44 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -3.6% change.
Public- Education: $995.70 million versus $1.09 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -3% change.
Shares of CDW have returned +1% over the past month versus the Zacks S&P 500 composite's +1.8% 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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CDW (CDW) Reports Q3 Earnings: What Key Metrics Have to Say
CDW (CDW - Free Report) reported $5.52 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 2%. EPS of $2.63 for the same period compares to $2.72 a year ago.
The reported revenue represents a surprise of -3.49% over the Zacks Consensus Estimate of $5.72 billion. With the consensus EPS estimate being $2.84, the EPS surprise was -7.39%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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:
- Net sales- Corporate: $2.16 billion versus $2.26 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -2.9% change.
- Net sales- Small Business: $379.70 million compared to the $390.58 million average estimate based on three analysts. The reported number represents a change of +0.3% year over year.
- Public- Government: $691 million versus the three-analyst average estimate of $741.24 million. The reported number represents a year-over-year change of -10.9%.
- Net sales- Other: $640 million compared to the $619.39 million average estimate based on three analysts. The reported number represents a change of +6.4% year over year.
- Public- Healthcare: $649 million versus $603.26 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +4.7% change.
- Net sales- Public: $2.34 billion versus $2.44 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -3.6% change.
- Public- Education: $995.70 million versus $1.09 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -3% change.
View all Key Company Metrics for CDW here>>>Shares of CDW have returned +1% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.