Insight Enterprises (NASDAQ:NSIT) is set to reveal its third-quarter earnings results on Thursday, October 31st. Analysts are anticipating the company to report earnings of $2.33 per share for the quarter. The company has previously provided its FY24 guidance, projecting an EPS range of $10.60 to $10.90, as well as its FY2024 guidance, with an EPS range of $10.600 to $10.900.
Interested parties can register for the company’s conference call using the provided link. In its previous quarterly earnings report released on August 1st, Insight Enterprises fell short of the consensus estimate, reporting earnings per share of $2.46 compared to the expected $2.82. The company generated $2.16 billion in revenue during the quarter, falling short of the estimated $2.47 billion.
Insight Enterprises experienced a year-over-year decline of 8.0% in revenue for the quarter. In the same quarter last year, the company earned $2.56 EPS. Analysts predict that Insight Enterprises will post $11 EPS for the current fiscal year and $12 EPS for the next fiscal year.
Shares of Insight Enterprises (NASDAQ:NSIT) opened at $211.00 on Thursday, with a market capitalization of $6.87 billion. The company has a price-to-earnings ratio of 26.54, a PEG ratio of 1.75, and a beta of 1.45. Its 52-week low stands at $139.34, while the 52-week high is $228.07. Insight Enterprises has a debt-to-equity ratio of 0.36, a quick ratio of 1.19, and a current ratio of 1.22. The stock’s fifty-day moving average price is $212.05, and its two-hundred-day moving average price is $203.07.
In insider activity, Jennifer M. Vasin, an insider at Insight Enterprises, sold 739 shares of the company’s stock on August 19th at an average price of $206.03. Following the transaction, Vasin now holds 5,460 shares of the company, valued at $1,124,923.80. This trade represents a 0.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission.
Insight Enterprises, Inc. and its subsidiaries provide information technology, hardware, software, and services globally. The company offers various solutions, including modern platforms/infrastructure, cybersecurity, data and artificial intelligence, modern workplace and apps, and intelligent edge solutions.