Wall Street analysts expect CDW (CDW) to post quarterly earnings of $2.85 per share in its upcoming report, which indicates a year-over-year increase of 4.8%. Revenues are expected to be $5.73 billion, up 1.8% from the year-ago quarter. The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period. Prior to a company's earnings release, ...

Core Viewpoint - CDW Corporation is expected to report third-quarter 2024 results on October 30, with revenue estimates of $5.73 billion, reflecting a 1.8% year-over-year increase, and earnings per share estimated at $2.85, indicating a 4.8% improvement from the previous year [1] Group 1: Revenue and Earnings Estimates - The Zacks Consensus Estimate for CDW's revenues is $5.73 billion, which represents a 1.8% increase from the same quarter last year [1] - The consensus estimate for earnings is $2.85 per share, unchanged over the past 60 days, indicating a 4.8% year-over-year improvement [1] - CDW's earnings have missed the Zacks Consensus Estimate in the last two quarters, matched in one, and surpassed in another, with an average negative surprise of 1.62% [1] Group 2: Factors Influencing Performance - Continued demand for cloud and security solutions is likely to drive top-line performance, with customer spending preferences focusing on cost optimization, data protection, and workforce productivity [2] - Revenues from Data Storage and Servers are expected to increase by 7.3% to $617.8 million in the upcoming quarter due to higher client spending on efficiency improvements [2] - The increasing adoption of AI-driven assistance and applications is anticipated to act as a tailwind for CDW [2] Group 3: Market Challenges - Challenging market conditions, including geopolitical risks and fluctuations in the UK market, present significant headwinds for CDW [3] - A volatile macroeconomic backdrop and complex technological shifts have led to muted customer spending behavior, with delays in decision-making due to the dynamic IT landscape and rising AI trends [3] - Revenues from the Government sales channel are expected to decline by 5.2% year-over-year to $735.2 million due to the impact of congressional budget constraints [3] Group 4: Customer Base and Sector Performance - CDW's diverse customer base across business, government, education, and healthcare sectors in the U.S., U.K., and Canada is likely to provide some cushion amid macroeconomic volatility [3] - For the third quarter, revenues from Corporate and Small Business are expected to increase by 2.4% and 3.9%, respectively, while revenues from the Education sector are estimated to rise by 6.9%, and Healthcare is expected to decline by 4.4% year-over-year [3] Group 5: Earnings Prediction Model - The current model does not predict an earnings beat for CDW, as it has an Earnings ESP of 0.00% and a Zacks Rank of 3 (Hold) [4]

For dividend-paying companies, maintaining dividend growth is an essential way to demonstrate to investors that a firm is stable and enjoys long-term profitability. Dividend growth is also attractive to investors because it means an increasing passive income stream through stock ownership. Some investors also subscribe to the belief that dividend growth is an important factor in determining a company's stock price, as in the case of the dividend discount model. Investors seeking to capitalize on dividend gr ...

A month has gone by since the last earnings report for CDW (CDW) . Shares have added about 4.5% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is CDW due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. CDW's Q2 Earnings Miss Estimates CDW Corporation reported second-qu ...

CDW (CDW) reported $5.42 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 3.6%. EPS of $2.50 for the same period compares to $2.56 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $5.4 billion, representing a surprise of +0.45%. The company delivered an EPS surprise of -0.40%, with the consensus EPS estimate being $2.51. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they comp ...

Table of Contents Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, par value $0.01 per share CDW Nasdaq Global Select Market UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition p ...

CDW Corporation (NASDAQ:CDW) Q2 2024 Earnings Conference Call July 31, 2024 8:30 AM ET Company Participants Steve O'Brien - Vice President-Investor Relations Chris Leahy - Chair and Chief Executive Officer Al Miralles - Senior Vice President and Chief Financial Officer Conference Call Participants Amit Daryanani - Evercore ISI Matthew Sheerin - Stifel Keith Housum - Northcoast Research Asiya Merchant - Citigroup Ruplu Bhattacharya - Bank of America/Merrill Lynch George Wang - Barclays Samik Chatterjee - JPM ...

Quarterly revenues declined 3.6% year over year to $5.423 billion. The decrease is attributed to ongoing economic volatility and the complex technology landscape affecting customer spending, worsened by soft results across the Corporate, Small Business and Public segments. However, the top line beat the consensus mark of $5.4 billion. Net sales of CDW's Corporate segment amounted to $2.195 billion, declining 2.2% on a year-over-year basis. Net sales in Other (Canadian and U.K. operations) plunged 12.7% to $ ...

CDW (CDW) came out with quarterly earnings of $2.50 per share, missing the Zacks Consensus Estimate of $2.51 per share. This compares to earnings of $2.56 per share a year ago. These figures are adjusted for nonrecurring items. CDW, which belongs to the Zacks Computers - IT Services industry, posted revenues of $5.42 billion for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.45%. This compares to year-ago revenues of $5.63 billion. The company has topped consensus revenue estimate ...

EXHIBIT 99.1 "Within an ongoing period of limited demand, the team's value as a trusted advisor and ability to meet our customers' most pressing needs drove strong performance in cloud, security and services," said Christine A. Leahy, chair and chief executive officer, CDW. "This performance contributed to profitability that is underpinned by the strategic investments we have made over the past five years to enhance customer value and our returns." Net sales in the second quarter of 2024 were $5,423 million ...