Insight Enterprises Inc reports results for the quarter ended March 31 - Earnings Summary

• Insight Enterprises Inc NSIT.OQ reported quarterly adjusted earnings of $2.06​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $2.37. The mean expectation of four analysts for the quarter was for earnings of $2.01 per share. Wall Street expected results to range from $1.95 to $2.16 per share.

• Revenue fell 11.6% to $2.10 billion from a year ago; analysts expected $2.19 billion.

• Insight Enterprises Inc's reported EPS for the quarter was 22 cents​.

• The company reported quarterly net income of $7.51 million.

• Insight Enterprises Inc shares had fallen by 7.8% this quarter and lost 9.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 9% 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 "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the it services & consulting peer group is "hold."

• Wall Street's median 12-month price target for Insight Enterprises Inc is $177.55

This summary was machine generated from LSEG data May 1 at 01:32 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)