Insight Enterprises (NSIT) Set to Announce Quarterly Earnings on Thursday

Insight Enterprises (NASDAQ:NSIT - Get Free Report) is set to post its quarterly earnings results before the market opens on Thursday, October 31st. Analysts expect Insight Enterprises to post earnings of $2.33 per share for the quarter. Insight Enterprises has set its FY24 guidance at $10.60-10.90 EPS and its FY 2024 guidance at 10.600-10.900 EPS.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 posted its quarterly earnings data on Thursday, August 1st. The software maker reported $2.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.82 by ($0.36). Insight Enterprises had a return on equity of 20.38% and a net margin of 3.38%. The business had revenue of $2.16 billion for the quarter, compared to analysts' expectations of $2.47 billion. During the same quarter in the prior year, the firm earned $2.56 earnings per share. Insight Enterprises's revenue for the quarter was down 8.0% compared to the same quarter last year. On average, analysts expect Insight Enterprises to post $11 EPS for the current fiscal year and $12 EPS for the next fiscal year.

Insight Enterprises Stock Down 0.2 %

Shares of NSIT stock traded down $0.33 during mid-day trading on Thursday, reaching $210.67. 190,087 shares of the company were exchanged, compared to its average volume of 222,011. The company has a market capitalization of $6.86 billion, a P/E ratio of 26.50, a P/E/G ratio of 1.75 and a beta of 1.45. The business's 50 day simple moving average is $212.19 and its 200 day simple moving average is $203.13. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.19 and a current ratio of 1.22. Insight Enterprises has a fifty-two week low of $139.34 and a fifty-two week high of $228.07.

Insiders Place Their Bets

In related news, insider Jennifer M. Vasin sold 739 shares of the firm's stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $206.03, for a total value of $152,256.17. Following the sale, the insider now directly owns 5,460 shares in 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, which is available through this hyperlink. 1.23% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

NSIT has been the topic of a number of research analyst reports. StockNews.com downgraded Insight Enterprises from a "buy" rating to a "hold" rating in a report on Friday, July 5th. JPMorgan Chase & Co. lowered their target price on shares of Insight Enterprises from $233.00 to $225.00 and set a "neutral" rating for the company in a research note on Friday, August 2nd. Stifel Nicolaus raised their price target on shares of Insight Enterprises from $192.00 to $200.00 and gave the stock a "hold" rating in a research report on Wednesday, July 17th. Finally, Barrington Research reaffirmed an "outperform" rating and set a $225.00 price objective on shares of Insight Enterprises in a research report on Friday, September 20th.

About Insight Enterprises

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.