Insight Enterprises Full Year 2024 Earnings: EPS Misses Expectations

Insight Enterprises (NASDAQ:NSIT) Full Year 2024 Results

Key Financial Results

• Revenue: US$8.70b (down 5.2% from FY 2023).
• Net income: US$249.7m (down 11% from FY 2023).
• Profit margin: 2.9% (down from 3.1% in FY 2023). The decrease in margin was driven by lower revenue.
• EPS: US$7.73 (down from US$8.53 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Insight Enterprises EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 21%.

The primary driver behind last 12 months revenue was the North America segment contributing a total revenue of US$7.05b (81% of total revenue). Notably, cost of sales worth US$6.94b amounted to 80% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$1.27b (84% of total expenses). Explore how NSIT's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electronic industry in the US.

Performance of the American Electronic industry.

The company's shares are down 1.1% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Insight Enterprises that you need to take into consideration.

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