Insight Enterprises (NSIT) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

Core Insights - Insight Enterprises reported $2.16 billion in revenue for the quarter ended June 2024, reflecting an 8% year-over-year decline [1] - The EPS for the same period was $2.46, down from $2.56 a year ago, with a consensus EPS estimate of $2.85, resulting in a surprise of -13.68% [1] Revenue Performance - Net Sales- Services amounted to $435.23 million, compared to the estimated $478.30 million, showing a year-over-year increase of 7.7% [3] - Net Sales- Products were reported at $1.73 billion, below the average estimate of $1.96 billion, indicating a year-over-year decline of 11.3% [4] Profitability Metrics - Gross profit from Products was $190.17 million, slightly below the average estimate of $195.18 million [5] - Gross profit from Services was reported at $263.20 million, compared to the estimated $298.77 million [6] Stock Performance - Shares of Insight Enterprises have returned +12.5% over the past month, outperforming the Zacks S&P 500 composite's +1.1% change [6] - The stock currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the broader market in the near term [6]