Insight Enterprises (NSIT) to Release Earnings on Thursday

Insight Enterprises (NASDAQ:NSIT - Get Free Report) is anticipated to release its earnings data before the market opens on Thursday, February 6th. Analysts expect Insight Enterprises to post earnings of $2.53 per share and revenue of $2.10 billion for the quarter. Persons interested in listening to the company's earnings conference call can do so using this link.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last announced its earnings results on Thursday, October 31st. The software maker reported $2.19 EPS for the quarter, missing the consensus estimate of $2.37 by ($0.18). The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.34 billion. Insight Enterprises had a return on equity of 19.71% and a net margin of 3.42%. The business's quarterly revenue was down 7.9% on a year-over-year basis. During the same quarter last year, the business posted $2.37 earnings per share. On average, analysts expect Insight Enterprises to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Insight Enterprises Stock Up 1.0 %

Shares of NSIT stock traded up $1.77 on Thursday, hitting $173.50. 265,450 shares of the stock were exchanged, compared to its average volume of 347,434. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.43. Insight Enterprises has a fifty-two week low of $146.56 and a fifty-two week high of $228.07. The firm has a market capitalization of $5.51 billion, a P/E ratio of 21.82, a price-to-earnings-growth ratio of 1.37 and a beta of 1.42. The business has a 50-day moving average of $159.43 and a 200 day moving average of $187.25.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Barrington Research lowered their target price on shares of Insight Enterprises from $225.00 to $205.00 and set an "outperform" rating on the stock in a report on Monday, November 4th. Redburn Atlantic began coverage on Insight Enterprises in a research note on Friday, November 15th. They set a "buy" rating and a $220.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Insight Enterprises presently has a consensus rating of "Hold" and an average target price of $212.50.

Insight Enterprises Company Profile

Insight Enterprises, Inc, together with its subsidiaries, provides information technology, hardware, software, and services in the United States and internationally. The company offers modern platforms/infrastructure that manages and supports cloud and data platforms, modern networks, and edge technologies; cybersecurity solutions automates and connects modern platform securely; data and artificial intelligence modernizes data platforms and architectures, and build data analytics and AI solutions; modern workplace and apps; and intelligent edge solutions that gathers and utilizes data for real-time decision making.