Insight Enterprises Earnings: What To Look For From NSIT

IT solutions integrator Insight Enterprises (NASDAQ:NSIT) will be announcing earnings results this Thursday morning. Here’s what investors should know.

Insight Enterprises missed analysts’ revenue expectations by 5.9% last quarter, reporting revenues of $2.10 billion, down 11.6% year on year. It was a slower quarter for the company, with a narrow beat of analysts’ full-year EPS guidance estimates.

Is Insight Enterprises a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Insight Enterprises’s revenue to be flat year on year at $2.14 billion, improving from the 8% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.47 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.

Looking at Insight Enterprises’s peers in the tech hardware & electronics segment, some have already reported their Q2 results, giving us a hint as to what we can expect. TD SYNNEX delivered year-on-year revenue growth of 7.2%, beating analysts’ expectations by 4.4%, and Amphenol reported revenues up 56.5%, topping estimates by 11.9%. TD SYNNEX traded up 7.9% following the results while Amphenol was also up 2.6%.

Read our full analysis of TD SYNNEX’s results here and Amphenol’s results here.

Investors in the tech hardware & electronics segment have had steady hands going into earnings, with share prices up 1.5% on average over the last month. Insight Enterprises is up 6.1% during the same time and is heading into earnings with an average analyst price target of $166.50 (compared to the current share price of $146.50).

Today’s young investors won’t have read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.

StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.