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CDW (CDW)
NASDAQ:CDW
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$2.33Last Year’s EPS
$2.57Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: -20.35%
|Next Earnings Date:Feb 05, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted several growth areas, particularly in cloud and software services, and resilient gross margins. However, significant declines in hardware solutions, increased competition, and macroeconomic uncertainties contributed to a challenging environment. Overall, the sentiment reflects the company's strategic efforts to navigate through a tough market while facing substantial headwinds.Company Guidance
During the CDW Q3 2024 Earnings Call, the company provided guidance with several key metrics for the quarter and outlook for the rest of the year. CDW reported a gross profit of $1.2 billion, which was 2% lower year-over-year, with a gross margin of 21.8%. Net sales were $5.5 billion, down 3.5% on an average daily sales basis compared to the same period in 2023. Non-GAAP operating income was $534 million, representing a 4% decline year-over-year, while non-GAAP net income per share stood at $2.63, a decrease of 3%. Additionally, the company generated an adjusted free cash flow of $261 million. Looking forward, CDW anticipates a low single-digit gross profit decline for 2024, maintaining a similar gross margin to the previous year. The company expects full-year non-GAAP earnings per diluted share to decline by mid-single digits year-over-year, reflecting ongoing challenges in the broader market and specific company dynamics such as muted demand for hardware solutions.Growth in Cloud and Software Services
The company reported double-digit gross profit growth in cloud services and a 3.5% increase in software revenue, with strong performance in professional and managed services, growing by 13%.
Client Device Growth
Client device sales grew by high single digits overall, showing strength across most channels, particularly in corporate and education sectors.
Strong Performance in Healthcare and International Markets
Healthcare delivered a top line growth of 3%, and international markets, including the UK and Canada, grew by 5%.
Resilient Gross Margin
Despite challenges, the gross margin remained stable at 21.8%, consistent with full-year expectations.
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CDW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CDW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $219.13 | $194.38 | -11.29% |
| Jul 31, 2024 | $231.03 | $216.76 | -6.18% |
| May 01, 2024 | $239.73 | $212.72 | -11.27% |
| Feb 07, 2024 | $227.90 | $234.92 | +3.08% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does CDW (CDW) report earnings?
CDW (CDW) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is CDW (CDW) earnings time?
CDW (CDW) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CDW EPS forecast?
CDW EPS forecast for the fiscal quarter 2024 (Q4) is $2.33.
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