Insight Enterprises Q3 Adj EPS $2.37 Beats $2.33 Estimate, Sales $2.27B Miss $2.36B Estimate
Portfolio Pulse from Benzinga Newsdesk
Insight Enterprises reported Q3 earnings of $2.37 per share, beating the analyst consensus estimate of $2.33 by 1.72%. However, the company's quarterly sales of $2.27 billion missed the analyst consensus estimate of $2.36 billion by 3.97%. This represents a 19.1% increase in earnings but a 10.56% decrease in sales compared to the same period last year.
November 02, 2023 | 12:03 pm
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NEUTRAL IMPACT
Insight Enterprises' Q3 earnings beat estimates but sales missed, indicating mixed performance.
Insight Enterprises' earnings beat estimates, which is positive for the stock. However, the company's sales missed estimates, which is negative. These two factors could balance each other out, leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100