- 2Q Adjusted EPS: Reported at $2.50, missing the estimate of $2.53 and down from $2.56 year-over-year.
- Net Sales: $5.42 billion, a decline of 3.6% year-over-year, slightly below the estimate of $5.43 billion.
- Corporate Net Sales: Declined by 2.2% year-over-year to $2.20 billion, missing the estimate of $2.25 billion.
- Public Net Sales: Fell by 2.3% year-over-year to $2.24 billion but exceeded the estimate of $2.18 billion.
- Small Business Net Sales: Down 3.4% year-over-year to $382.9 million, missing the estimate of $387 million.
- Other Net Sales: Decreased by 13% year-over-year to $602.0 million, below the estimate of $628 million.
- Gross Profit: Slight increase of 0.1% year-over-year to $1.18 billion, matching the estimate.
- Operating Income: Increased by 5.1% year-over-year to $433.1 million, slightly below the estimate of $439 million.
- Comments from CEO: Christine A. Leahy noted strong performance in cloud, security, and services, attributing profitability to strategic investments over the past five years.
- Comments from CFO: Albert J. Miralles highlighted economic uncertainty and increased technology complexity impacting solutions spend, but noted demand for client devices driven by refresh needs.
- Analyst Recommendations: 9 buys, 3 holds, and 0 sells.
Cdw Corp/De on Smartkarma
Analysts on Smartkarma are closely monitoring CDW Corporation/De, with notable research reports published by Baptista Research. In their report titled “CDW Corporation: How Is The Assessment and Experimentation Stage of AI Progressing? – Major Drivers,” Baptista Research expressed a bullish sentiment following CDW’s Q1 2024 earnings. Despite market challenges, CDW demonstrated resilience with a gross profit of $1.1 billion and a non-GAAP operating income of $404 million. The Q1 gross margin set a record, underscoring CDW’s strong profitability and strategic integrity.
In another report by Baptista Research titled “CDW Corporation: Continued Focus on AI Investments & 5 Major Catalysts For Future Growth – Financial Forecasts,” analysts highlighted CDW’s performance in the fourth quarter of monetary 2023. Despite a 7.7% decrease in net sales compared to the previous year, the company reported a gross profit of $1.15 billion, showcasing its ability to deliver strong outcomes in a challenging market. With a focus on being a trusted advisor in complex technologies, CDW saw a rise in non-GAAP operating income and non-GAAP net income per share year-on-year, signaling a positive outlook for future growth.
A look at Cdw Corp/De Smart Scores
Factor | Score | Magnitude |
---|---|---|
Value | 2 | |
Dividend | 2 | |
Growth | 4 | |
Resilience | 2 | |
Momentum | 3 | |
OVERALL SMART SCORE | 2.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
CDW Corporation of Delaware, a provider of information technology products and services, seems to have a positive long-term outlook based on the Smartkarma Smart Scores analysis. With a strong Growth score of 4, the company is projected to experience solid expansion in the future, indicating potential for increasing market share and profitability. Additionally, the Momentum score of 3 suggests that the company is gaining traction and could potentially outperform competitors in the near future.
While CDW Corp/De scores average in terms of Value, Dividend, and Resilience, the overall positive outlook on Growth and Momentum factors indicates potential for sustained growth and competitiveness in the industry. As a provider of hardware, software, cloud computing, and security solutions to various sectors in North America, including business, government, education, and healthcare customers, CDW Corp/De is positioned for continued success in the evolving technology market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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