We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Insight (NSIT) to Report Q3 Earnings: What's in the Offing?
Read MoreHide Full Article
Insight Enterprises (NSIT - Free Report) is slated to release third-quarter fiscal 2019 results on Nov 6.
The company has beat estimates in three of the trailing four quarters, the average being 9.6%.
The Zacks Consensus Estimate for third-quarter earnings is pegged at $1.07, which remained stable over the past 30 days. This indicates an improvement of 17.6% from the prior-year quarter. For quarterly sales, the consensus mark stands at $1.99 billion, suggesting growth of 13.8% from the year-ago reported figure.
Let’s see how things are shaping up prior to this announcement.
Insight’s third-quarter results are likely to have been driven by its balanced portfolio of customer end-markets, and broad product and solutions pipeline.
The company recently announced the addition of new consulting and managed services for Microsoft Azure Sentinel, the cloud-native Security Information and Event Management (SIEM) and Security Orchestration Automation and Response (SOAR) solution.
We believe that investing in supply chain optimization, connected workforce, cloud and data center transformation, and digital innovation have provided the company a competitive advantage over peers and consequently is expected to have driven the top line in the third quarter.
Further, the company’s third-quarter results are likely to reflect solid growth in the international markets. Moreover, the company entered into a strategic agreement to acquire PCM, Inc. to expand operations in North America and EMEA.
The addition of PCM complements the Insight’s Supply Chain Optimization solution offering, and is expected to have been accretive in the third quarter.
However, adverse foreign currency fluctuations and macroeconomic perils are likely to have negatively impacted the third-quarter performance. Moreover, the highly competitive environment might get reflected in the upcoming earnings release.
What Does the Zacks Model Say
Our proven model doesn’t conclusively predict an earnings beat for Insight this time around. The combination of a positive Earnings ESP and Zacks Rank #3 (Hold) or higher increases the odds of an earnings beat. But that’s not the case here.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: The Earnings ESP for Insightis -5.14%.
Zacks Rank: Insight currently carries a Zacks Rank of #1 (Strong Buy).
Stocks With Favorable Combination
Here are a few stocks you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat.
CVS Health Corporation (CVS - Free Report) has an Earnings ESP of +0.05% and a Zacks Rank #3.
Chesapeake Energy Corporation (CHK - Free Report) has an Earnings ESP of +8.24% and a Zacks Rank #3.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
Image: Bigstock
Insight (NSIT) to Report Q3 Earnings: What's in the Offing?
Insight Enterprises (NSIT - Free Report) is slated to release third-quarter fiscal 2019 results on Nov 6.
The company has beat estimates in three of the trailing four quarters, the average being 9.6%.
The Zacks Consensus Estimate for third-quarter earnings is pegged at $1.07, which remained stable over the past 30 days. This indicates an improvement of 17.6% from the prior-year quarter. For quarterly sales, the consensus mark stands at $1.99 billion, suggesting growth of 13.8% from the year-ago reported figure.
Let’s see how things are shaping up prior to this announcement.
Insight Enterprises, Inc. Price and EPS Surprise
Insight Enterprises, Inc. price-eps-surprise | Insight Enterprises, Inc. Quote
Factors at Play
Insight’s third-quarter results are likely to have been driven by its balanced portfolio of customer end-markets, and broad product and solutions pipeline.
The company recently announced the addition of new consulting and managed services for Microsoft Azure Sentinel, the cloud-native Security Information and Event Management (SIEM) and Security Orchestration Automation and Response (SOAR) solution.
We believe that investing in supply chain optimization, connected workforce, cloud and data center transformation, and digital innovation have provided the company a competitive advantage over peers and consequently is expected to have driven the top line in the third quarter.
Further, the company’s third-quarter results are likely to reflect solid growth in the international markets. Moreover, the company entered into a strategic agreement to acquire PCM, Inc. to expand operations in North America and EMEA.
The addition of PCM complements the Insight’s Supply Chain Optimization solution offering, and is expected to have been accretive in the third quarter.
However, adverse foreign currency fluctuations and macroeconomic perils are likely to have negatively impacted the third-quarter performance. Moreover, the highly competitive environment might get reflected in the upcoming earnings release.
What Does the Zacks Model Say
Our proven model doesn’t conclusively predict an earnings beat for Insight this time around. The combination of a positive Earnings ESP and Zacks Rank #3 (Hold) or higher increases the odds of an earnings beat. But that’s not the case here.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: The Earnings ESP for Insightis -5.14%.
Zacks Rank: Insight currently carries a Zacks Rank of #1 (Strong Buy).
Stocks With Favorable Combination
Here are a few stocks you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat.
Activision Blizzard, Inc has an Earnings ESP of +24.3% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
CVS Health Corporation (CVS - Free Report) has an Earnings ESP of +0.05% and a Zacks Rank #3.
Chesapeake Energy Corporation (CHK - Free Report) has an Earnings ESP of +8.24% and a Zacks Rank #3.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>