PC Connection (NASDAQ:CNXN) is preparing to release its quarterly earnings on Wednesday, 2024-10-30. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect PC Connection to report an earnings per share (EPS) of $1.03.
PC Connection bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
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).
Past Earnings Performance
During the last quarter, the company reported an EPS beat by $0.17, leading to a 4.89% increase in the share price on the subsequent day.
Here's a look at PC Connection's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | 0.83 | 0.63 | 0.88 | 0.81 |
| EPS Actual | 1 | 0.50 | 0.90 | 0.97 |
| Price Change % | 5.0% | -4.0% | 6.0% | 5.0% |
To track all earnings releases for PC Connection visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
