Insight Enterprises (NASDAQ:NSIT) reported its Q1 earnings results on Thursday, May 5, 2022 at 09:00 AM.
Here's what investors need to know about the announcement.
Earnings
Insight Enterprises beat estimated earnings by 13.84%, reporting an EPS of $1.81 versus an estimate of $1.59.
Revenue was up $458.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.05 which was followed by a 1.23% drop in the share price the next day.
Here's a look at Insight Enterprises's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.98 | 1.67 | 1.85 | 1.43 |
| EPS Actual | 2.03 | 1.87 | 1.91 | 1.30 |
| Revenue Estimate | 2.45B | 2.16B | 2.21B | 2.15B |
| Revenue Actual | 2.57B | 2.45B | 2.23B | 2.19B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Insight Enterprises management provided guidance for FY 2022, expecting earnings between $7.95 and $8.15 per share.
To track all earnings releases for Insight Enterprises visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
