Exploring CDW's Earnings Expectations

CDW (NASDAQ:CDW) will release its quarterly earnings report on Wednesday, 2024-10-30. Here's a brief overview for investors ahead of the announcement.

Analysts anticipate CDW to report an earnings per share (EPS) of $2.86.

The announcement from CDW is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.

It's worth noting for new investors that guidance can be a key determinant of stock price movements.

Earnings Track Record

In the previous earnings release, the company missed EPS by $0.03, leading to a 2.07% drop in the share price the following trading session.

Here's a look at CDW's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

2.53

2.15

2.56

2.60

EPS Actual

2.50

1.92

2.57

2.72

Price Change %

-2.0%

2.0%

3.0%

4.0%

Performance of CDW Shares

Shares of CDW were trading at $218.5 as of October 28. Over the last 52-week period, shares are up 10.5%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

Analyst Observations about CDW

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding CDW.

The consensus rating for CDW is Neutral, derived from 3 analyst ratings. An average one-year price target of $236.33 implies a potential 8.16% upside.

Comparing Ratings Among Industry Peers

In this analysis, we ...