PC Connection (CNXN) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Core Viewpoint - The market anticipates that PC Connection (CNXN) will report a year-over-year increase in earnings due to higher revenues for the quarter ended September 2024, with results expected on October 30 [1] Earnings Expectations - The consensus estimate for quarterly earnings is $1.01 per share, reflecting a year-over-year increase of 4.1% [2] - Expected revenues are $726.98 million, which is a 4.9% increase from the same quarter last year [2] Estimate Revisions - The consensus EPS estimate has been revised 0.49% lower in the last 30 days, indicating a reassessment by analysts [3] Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that the Most Accurate Estimate is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -5.47%, indicating bearish sentiment among analysts [4][6] - The stock currently holds a Zacks Rank of 4, complicating predictions for an earnings beat [6] Historical Performance - In the last reported quarter, PC Connection had an earnings surprise of +20.48%, reporting earnings of $1 per share against an expectation of $0.83 [7] - Over the past four quarters, the company has beaten consensus EPS estimates three times [7] Conclusion - Despite the potential for an earnings beat, PC Connection does not appear to be a compelling candidate for such an outcome based on current estimates and rankings [8]