CDW's earnings missed the Zacks Consensus Estimate in the last quarter but surpassed in the earlier three quarters. The average surprise of the trailing four quarters currently stands at 0.8%. CDW has a diverse customer base across business, government, education and healthcare sectors in the United States, the United Kingdom and Canada, which provides a robust foundation amid macroeconomic fluctuations. The Zacks Consensus Estimate for revenues is pegged at $5.45 billion, suggesting a decline of 3.21% from ...

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For the quarter ended March 2024, CDW (CDW) reported revenue of $4.87 billion, down 4.5% over the same period last year. EPS came in at $1.92, compared to $2.03 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $4.94 billion, representing a surprise of -1.29%. The company delivered an EPS surprise of -11.11%, with the consensus EPS estimate being $2.16.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectati ...

The interest rate collars are designated as cash flow hedges. The changes in the fair value of derivatives that qualify as cash flow hedges are recorded in Accumulated other comprehensive loss ("AOCL") and are subsequently reclassified into Interest expense, net in the period when the hedged forecasted transaction affects earnings. During the three months ended March 31, 2024 and 2023, the change in fair value for the effective portion of the derivative financial instruments and the reclassification from AO ...

While activity was reflected in a solid pipeline with deals being pushed out, our sales and gross profit lagged. Results were also impacted by the federal budget stalemate, which led to a pause in our federal channel. Now we are leveraging our deep partner relationships to understand and use our customer knowledge to influence our roadmaps, very similar to what we've done in the past, whether it was cloud or security, and to bring to market products that are suitable for fit for certain customers. So as you ...

CDW Corporation (CDW) reported first-quarter 2024 non-GAAP earnings per share (EPS) of $1.92, which missed the Zacks Consensus Estimate of $2.16. Also, the bottom line declined 5.5% year over year.The company’s revenues decreased 4.5% year over year to $4.872 billion. Net sales decreased 4.9% at constant currency. The downtick was caused due to weakness across all business segments. However, quarterly revenues beat the consensus mark of $4.396 billion.Separately, the company announced a quarterly dividend o ...

CDW (CDW) came out with quarterly earnings of $1.92 per share, missing the Zacks Consensus Estimate of $2.16 per share. This compares to earnings of $2.03 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -11.11%. A quarter ago, it was expected that this information technology company would post earnings of $2.57 per share when it actually produced earnings of $2.57, delivering no surprise.Over the last four quarters, the compan ...

EXHIBIT 99.1 Interest expense, net includes interest expense and interest income. Interest expense, net was $51 million for the first quarter of 2024, compared to $58 million for the first quarter of 2023. The decrease was primarily due to higher interest income earned on cash balances and lower debt levels, partially offset by a higher variable interest rate on the senior unsecured term loan. This release contains "forward-looking statements" within the meaning of the federal securities laws. All statement ...

Investors are always looking for stocks that are poised to beat at earnings season and CDW Corporation (CDW) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because CDW is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator ...

CDW Corporation (CDW) is slated to report first-quarter 2024 results on May 1.The Zacks Consensus Estimate for revenues is pegged at $4.94 billion, suggesting a decline of 3.3% from the year-ago quarter’s reported figure. The consensus estimate for earnings is pegged at $2.16 per share, indicating an increase of 6.4% from the year-ago quarter’s reported figure.CDW’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 3.9%.Factors to NoteCDW’s first-qu ...