Insight Enterprises (NSIT) Misses Q4 EPS by 4c, FY EPS Guidance Beats
Insight Enterprises (NASDAQ: NSIT) reported Q4 EPS of $1.57, $0.04 worse than the analyst estimate of $1.61. Revenue for the quarter came in at $2.3 billion versus the consensus estimate of $2.37 billion.
GUIDANCE:
Insight Enterprises sees FY2020 EPS of $6.55-$6.65, versus the consensus of $6.21.
- For the full year 2020, the Company expects to deliver sales growth in the 20 to 25% range, including the results of PCM, and Adjusted diluted earnings per share is expected to be between $6.55 and $6.65.
This outlook assumes:
- interest expense between $35 million and $40 million;
- an effective tax rate of 25% to 26%;
- capital expenditures of $55 million to $60 million, including approximately $35 million for the build out of our corporate headquarters; and
- an average share count of approximately 36.0 million shares.
For earnings history and earnings-related data on Insight Enterprises (NSIT) click here.
