Preview: CDW's Earnings
Portfolio Pulse from Benzinga Insights
CDW (NASDAQ:CDW) is scheduled to release its quarterly earnings report on February 7, 2024, with analysts estimating an EPS of $2.56. The company's past performance shows a trend of beating EPS estimates, leading to positive stock price movements. Shares are currently trading at $230.73, marking a 14.64% increase over the last 52 weeks. Investors are looking forward to not only the earnings results but also the company's guidance for future growth.
February 06, 2024 | 3:01 pm
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POSITIVE IMPACT
CDW is anticipated to report an EPS of $2.56 for the upcoming quarter. Historical data suggests positive stock movement following earnings announcements that beat expectations. With shares currently up 14.64% over the last year, investor sentiment appears bullish.
Given CDW's history of beating EPS estimates and the subsequent positive stock price reactions, it's likely that a similar outcome could occur if the company beats the current EPS estimate. The anticipation of positive guidance for future growth could further bolster investor confidence and drive the stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100