Key Factors Likely To Impact CDW Corp's (CDW) Q3 Earnings
Zacks Investment Research | Oct 30, 2017 08:33AM ET
CDW Corporation (NASDAQ:CDW) is scheduled to report third-quarter 2017 financial numbers on Nov 1, before the opening bell.
Last quarter, the company delivered in-line earnings. Notably, the company’s earnings surpassed the Zacks Consensus Estimate in two of the trailing four quarters, with an average beat of 4.16%.
Let’s see how things are shaping up prior to this announcement.
Expect What?
The Zacks Consensus Estimate for the quarter is pegged at $1.07 per share, reflecting a year-over-year increase of 10.3%. The Zacks Consensus Estimate for sales of $4 billion indicates around 7.9% growth from the prior-year quarter.
Factors to Consider
CDW specializes in offering information technology products and services to business, government, education and healthcare customers, primarily in the United Statesand Canada. Growth in customer channels and consistent strategic achievements are a couple of positive factors that are likely to drive performance in the to-be-reported quarter. Additionally, CDW’s robust product portfolio and product refreshes are positives.
The company’s approach to capture market share from existing and new customers, expand its solutions suite and enhance our services capabilities are likely to positively impact the to-be-reported quarter. Moreover, the company’s investment strategies to deliver integrated solutions both in and outside of the UK, along with international sales team and its international-branded website will drive positive results.
Q2 Earnings Highlight
The company reported modest second-quarter 2017 results, wherein the top line surpassed the Zacks Consensus Estimate and the bottom line matched the same. However, both the top line and bottom line increased on a year-over-year basis. Segmental revenues from Corporate increased 9.4% year over year, whilethose of Public were up 8.2%.
The Zacks Consensus Estimate for Corporate and Public is now pegged at $1.888 billion and $1.765 billion, respectively.
Aided by these factors, its shares have surged 54.9%in the last one year, outperforming the Original post
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.