ePlus inc reports results for the quarter ended December 31 - Earnings Summary

• ePlus inc PLUS.OQ reported quarterly adjusted earnings of $1.06​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of $1.18. The mean expectation of two analysts for the quarter was for earnings of $1.22 per share. Wall Street expected results to range from $1.12 to $1.31 per share.

• Revenue rose 0.4% to $510.97 million from a year ago; analysts expected $553.55 million.

• ePlus inc's reported EPS for the quarter was 91 cents​.

• The company reported quarterly net income of $24.13 million.

• ePlus inc shares had risen by 8.6% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 17% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the it services & consulting peer group is also "strong buy"

Wall Street's median 12-month price target for ePlus inc is $88.00

This summary was machine generated from LSEG data February 5 at 10:56 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)