Insight Enterprises (NSIT) Misses Q4 EPS by 4c, FY EPS Guidance Beats

Insight Enterprises (NASDAQ: NSIT) reported Q4 EPS of $1.57, $0.04 worse than the analyst estimate of $1.61. Revenue for the quarter came in at $2.3 billion versus the consensus estimate of $2.37 billion.

GUIDANCE:

Insight Enterprises sees FY2020 EPS of $6.55-$6.65, versus the consensus of $6.21.

• For the full year 2020, the Company expects to deliver sales growth in the 20 to 25% range, including the results of PCM, and Adjusted diluted earnings per share is expected to be between $6.55 and $6.65.

This outlook assumes:

• interest expense between $35 million and $40 million;
• an effective tax rate of 25% to 26%;
• capital expenditures of $55 million to $60 million, including approximately $35 million for the build out of our corporate headquarters; and
• an average share count of approximately 36.0 million shares.

For earnings history and earnings-related data on Insight Enterprises (NSIT) click here.

You May Also Be Interested In

• SanDisk and Micron surge as Apple confirms memory price pass-through
• Goldman Sachs Upgrades China Resources Microelectronics Ltd (688396:CH) to Neutral
• Syensqo SA (SYENS:BB) PT Raised to EUR74 at Deutsche Bank