Insight Enterprises (NSIT) Projected to Post Earnings on Thursday

Insight Enterprises (NASDAQ:NSIT) is expected to release its earnings data before the market opens on Thursday, February 6th. Analysts expect Insight Enterprises to post earnings of $2.53 per share and revenue of $2.10 billion for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Insight Enterprises (NASDAQ:NSIT) last released its earnings results on Thursday, October 31st. The software maker reported $2.19 EPS for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.18). Insight Enterprises had a return on equity of 19.71% and a net margin of 3.42%. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the previous year, the firm earned $2.37 earnings per share. The firm’s revenue for the quarter was down 7.9% compared to the same quarter last year. On average, analysts expect Insight Enterprises to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Insight Enterprises Stock Up 0.2 %

NASDAQ NSIT opened at $171.73 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.24 and a quick ratio of 1.20. The company’s 50 day simple moving average is $159.43 and its 200 day simple moving average is $187.25. Insight Enterprises has a 12 month low of $146.56 and a 12 month high of $228.07. The company has a market capitalization of $5.45 billion, a P/E ratio of 21.60, a PEG ratio of 1.37 and a beta of 1.42.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Barrington Research cut their price target on shares of Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating on the stock in a report on Monday, November 4th. Redburn Atlantic assumed coverage on shares of Insight Enterprises in a report on Friday, November 15th. They set a “buy” rating and a $220.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $212.50.

Insight Enterprises Company Profile

Insight Enterprises, Inc, together with its subsidiaries, provides information technology, hardware, software, and services in the United States and internationally. The company offers modern platforms/infrastructure that manages and supports cloud and data platforms, modern networks, and edge technologies; cybersecurity solutions automates and connects modern platform securely; data and artificial intelligence modernizes data platforms and architectures, and build data analytics and AI solutions; modern workplace and apps; and intelligent edge solutions that gathers and utilizes data for real-time decision making.