Insight Enterprises Q4 Adj EPS $2.98 Misses $3.06 Estimate, Sales $2.24B Miss $2.40B Estimate
Portfolio Pulse from Benzinga Newsdesk
Insight Enterprises (NASDAQ:NSIT) reported Q4 adjusted EPS of $2.98, missing the consensus estimate of $3.06, and sales of $2.24B, below the expected $2.40B. This represents a 17.79% increase in EPS and a 10.67% decrease in sales from the same period last year.
February 15, 2024 | 1:01 pm
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NEGATIVE IMPACT
Insight Enterprises reported a Q4 adjusted EPS of $2.98, missing estimates, and sales of $2.24B, also below expectations.
Missing both EPS and sales estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100