ePlus (PLUS) Misses Q3 EPS by 21c, offers guidance

ePlus (NASDAQ: PLUS) reported Q3 EPS of $1.18, $0.21 worse than the analyst estimate of $1.39. Revenue for the quarter came in at $509.1 million versus the consensus estimate of $595.07 million.

Fiscal Year Guidance

ePlus expects to achieve the low end of its fiscal year 2024 revenue and adjusted EBITDA guidance ranges of $2.23 billion to $2.33 billion, and $200 million to $215 million, respectively. This guidance assumes, in part, continued improvement in the supply chain that will enable the execution of previously delayed customer projects. The Company cannot predict with reasonable certainty and without unreasonable effort, the ultimate outcome of unusual gains and losses, the occurrence of matters creating GAAP tax impacts, fluctuations in interest expense and share-based compensation, and acquisition-related expenses. These items are uncertain, depend on various factors, and could be material to the Company\'s results computed in accordance with GAAP. Accordingly, the Company is unable to provide a reconciliation of GAAP net earnings to adjusted EBITDA and adjusted EBITDA margin for the full year 2024 forecast.

For earnings history and earnings-related data on ePlus (PLUS) click here.

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