Insight Enterprises Third Quarter 2024 Earnings: Misses Expectations

Insight Enterprises (NASDAQ:NSIT) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$2.09b (down 7.9% from 3Q 2023).
• Net income: US$58.2m (down 3.4% from 3Q 2023).
• Profit margin: 2.8% (up from 2.7% in 3Q 2023). The increase in margin was driven by lower expenses.
• EPS: US$1.81 (down from US$1.85 in 3Q 2023).

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

Insight Enterprises Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 29%.

Looking ahead, revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Electronic industry in the US.

Performance of the American Electronic industry.

The company's shares are down 16% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Insight Enterprises that we have uncovered.

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