CDW (CDW) Misses Q3 Earnings and Revenue Estimates

Core Viewpoint - CDW reported quarterly earnings of $2.63 per share, missing the Zacks Consensus Estimate of $2.84 per share, representing an earnings surprise of -7.39% [1][2] Financial Performance - CDW's revenues for the quarter ended September 2024 were $5.52 billion, missing the Zacks Consensus Estimate by 3.49%, and down from $5.63 billion a year ago [2] - Over the last four quarters, CDW has not surpassed consensus EPS estimates and has topped revenue estimates only once [2] Stock Performance - CDW shares have declined approximately 3.3% since the beginning of the year, while the S&P 500 has gained 22.3% [3] Future Outlook - The company's earnings outlook is crucial for investors, with current consensus EPS estimates at $2.71 for the coming quarter and $9.96 for the current fiscal year [7] - The estimate revisions trend for CDW is currently unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [6] Industry Context - The Computers - IT Services industry, to which CDW belongs, is currently in the top 22% of Zacks industries, suggesting that the industry outlook can significantly impact stock performance [8]