Insight Enterprises (NSIT) Set to Announce Earnings on Thursday

Insight Enterprises (NASDAQ:NSIT) will be announcing its earnings results before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of $2.33 per share for the quarter. Insight Enterprises has set its FY24 guidance at $10.60-10.90 EPS and its FY 2024 guidance at 10.600-10.900 EPS.Parties that wish to register for the company’s conference call can do so using this link.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings data on Thursday, August 1st. The software maker reported $2.46 EPS for the quarter, missing analysts’ consensus estimates of $2.82 by ($0.36). Insight Enterprises had a net margin of 3.38% and a return on equity of 20.38%. The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same period in the prior year, the company posted $2.56 EPS. The firm’s quarterly revenue was down 8.0% on a year-over-year basis. On average, analysts expect Insight Enterprises to post $11 EPS for the current fiscal year and $12 EPS for the next fiscal year.

Insight Enterprises Stock Down 2.5 %

NASDAQ NSIT opened at $211.00 on Thursday. Insight Enterprises has a twelve month low of $139.34 and a twelve month high of $228.07. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.19 and a current ratio of 1.22. The stock has a market cap of $6.87 billion, a PE ratio of 26.54, a PEG ratio of 1.75 and a beta of 1.45. The firm has a 50-day simple moving average of $212.05 and a 200 day simple moving average of $203.07.

Wall Street Analysts Forecast Growth

NSIT has been the topic of several recent research reports. Barrington Research reissued an “outperform” rating and set a $225.00 price objective on shares of Insight Enterprises in a report on Friday, September 20th. StockNews.com downgraded shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, July 5th. Stifel Nicolaus increased their price objective on shares of Insight Enterprises from $192.00 to $200.00 and gave the company a “hold” rating in a research note on Wednesday, July 17th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating for the company in a report on Friday, August 2nd.

Insider Activity at Insight Enterprises

In other Insight Enterprises news, insider Jennifer M. Vasin sold 739 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $206.03, for a total transaction of $152,256.17. Following the completion of the transaction, the insider now directly owns 5,460 shares in the company, valued at $1,124,923.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.23% of the stock is owned by insiders.

About Insight Enterprises

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.