Insight Enterprises, Inc. (NASDAQ:NSIT) is reporting third quarter earnings results on Tuesday 3rd November 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 1.14 per share.
For the full year, analysts predict revenues of $ 8221.48 million, while looking forward to income of $ 5.57 per share.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 9,277.00 million ~ $ 9,664.00 million, where as bottomline are predicted in a range of $ 6.55 ~ $ 6.65 per share
Click Here For More Historical Outlooks Of Insight Enterprises, Inc.
Previous Quarter Performance
Insight Enterprises, Inc. unwinded income for the second quarter of $ 1.75 per share, from the revenue of $ 1,969.00 million. The quarterly earnings raised 17.45 percent while revenues up 7.24 percent compared with the same quarter last year.
The consensus estimates are income of $ 1.01 per share from $ 1984.54 million in revenue. The bottom line results beat street analysts by $ 0.74 or 73.27 percent, at the same time, top line results fell short of analysts by $ 15.54 million or 0.78 percent.
Stock Performance
Shares of Insight Enterprises, Inc. traded up $ 2.68 or 5.02 percent on Monday, reaching $ 56.03 with volume of 426.60 thousand shares. Insight Enterprises, Inc. has traded high as $ 56.08 and has cracked $ 53.76 on the downward trend
The closing price of $ 56.03, representing a 88.85 % increase from the 52 week low of $ 28.25 and a 27.14 % decrease over the 52 week high of $ 73.22.
The company has a market capital of $ 1.97 billion and is part of the Technology sector and Information Technology Services industry.
Recent Analyst recommendations
- On 24th September 2020, initiated by Barrington Research at Outperform rating, with $ 68.00 target price.
Conference Call
Insight Enterprises, Inc. will be hosting a conference call at 9:00 AM eastern time on 3rd November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.insight.com
Insight Enterprises, Inc. provides information technology (IT) hardware, software, and services solutions in the United States, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It sources, procures, stages, configures, integrates, tests, deploys, and maintains IT products spanning endpoints to infrastructure; and offers software life cycle, and hardware warranty and software maintenance services.
