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Insight Enterprises (DE:IEI)
FRANKFURT:IEI
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Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
€2.42Last Year’s EPS
€2.86Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: -24.10%
|Next Earnings Date:Feb 13, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. While there was strong growth in cloud and core services, and operational efficiencies are being improved, significant challenges remain with revenue declines, delayed hardware recovery, and underperformance in key segments like SADA. The company is taking steps to mitigate these issues, but the immediate outlook remains cautious.Company Guidance
During the Q3 2024 earnings call for Insight Enterprises, the executive team provided revised guidance for the year, citing a challenging IT spending environment. They announced a reduction in gross profit and adjusted earnings per share guidance for 2024, driven by a delayed hardware recovery in North America and underperformance in the SADA business. Specifically, hardware sales were down 13%, with on-prem software declining by 9%. The company anticipates annualized operating expense reductions of $20 million to $25 million, to be fully realized in 2025, and projects adjusted diluted earnings per share for 2024 to be between $9.40 and $9.70. Insight remains optimistic about future growth in cloud and core services, which grew by 33% and 14% respectively, and plans to leverage recent acquisitions and cost structure improvements to navigate the current market challenges.Cloud and Core Services Growth
Cloud gross profit increased by 33%, and Insight Core Services gross profit grew by 14%, reflecting strong growth in strategic areas.
Operational Efficiencies and Cost Reduction
Insight Enterprises plans to reduce operating expenses by $20 million to $25 million annually, with full benefits realized in 2025.
Successful Acquisitions and Expanded Services
Acquisitions like Amdaris and InfoCenter have met expectations and expanded global services capabilities.
Strategic Partnerships and Recognitions
Insight received several accolades, including AWS premier tier service partner and inclusion in the 2024 Gartner Magic Quadrant for Software Asset Management managed services.
Strong Cash Flow
Generated $125 million in cash flow from operations in Q3, with over $500 million expected for the year, above the typical $300 million to $400 million range.
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DE:IEI 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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DE:IEI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | €192.75 | €181.10 | -6.04% |
| Aug 01, 2024 | €205.20 | €205.70 | +0.24% |
| May 02, 2024 | €169.75 | €160.20 | -5.63% |
| Feb 15, 2024 | €175.00 | €179.00 | +2.29% |
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 Insight Enterprises (DE:IEI) report earnings?
Insight Enterprises (DE:IEI) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Insight Enterprises (DE:IEI) earnings time?
Insight Enterprises (DE:IEI) earnings time is at Feb 13, 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 the P/E ratio of Insight Enterprises stock?
The P/E ratio of Insight Enterprises is 18.4.
What is DE:IEI EPS forecast?
DE:IEI EPS forecast for the fiscal quarter 2024 (Q4) is €2.42.
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