Insight Enterprises reported earnings on May 1. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Insight Enterprises missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue contracted. Non-GAAP earnings per share dropped significantly. GAAP earnings per share dropped significantly.
Margins dropped across the board.
Insight Enterprises booked revenue of $1.18 billion. The two analysts polled by S&P Capital IQ predicted a top line of $1.23 billion on the same basis. GAAP reported sales were 5.0% lower than the prior-year quarter's $1.24 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.24. The two earnings estimates compiled by S&P Capital IQ averaged $0.37 per share. Non-GAAP EPS of $0.24 for Q1 were 37% lower than the prior-year quarter's $0.38 per share. GAAP EPS of $0.20 for Q1 were 49% lower than the prior-year quarter's $0.39 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 13.4%, 30 basis points worse than the prior-year quarter. Operating margin was 1.5%, 70 basis points worse than the prior-year quarter. Net margin was 0.8%, 60 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $1.50 billion. On the bottom line, the average EPS estimate is $0.73.
Next year's average estimate for revenue is $5.47 billion. The average EPS estimate is $2.27.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 105 members out of 115 rating the stock outperform, and 10 members rating it underperform. Among 37 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 37 give Insight Enterprises a green thumbs-up, and give it a red thumbs-down.
Looking for alternatives to Insight Enterprises? It takes more than great companies to build a fortune for the future. Learn the basic financial habits of millionaires next door and get focused stock ideas in our free report, "3 Stocks That Will Help You Retire Rich." Click here for instant access to this free report.
- Add Insight Enterprises to My Watchlist.
This article was originally published as Insight Enterprises Misses on the Top and Bottom Lineson Fool.com
Copyright © 2009 The Motley Fool, LLC. All rights reserved.