U.S. markets closed
  • S&P 500

    3,768.25
    -27.29 (-0.72%)
     
  • Dow 30

    30,814.26
    -177.24 (-0.57%)
     
  • Nasdaq

    12,998.50
    -114.10 (-0.87%)
     
  • Russell 2000

    2,123.20
    -32.15 (-1.49%)
     
  • Crude Oil

    52.04
    -1.53 (-2.86%)
     
  • Gold

    1,827.70
    -23.70 (-1.28%)
     
  • Silver

    24.83
    -0.97 (-3.77%)
     
  • EUR/USD

    1.2085
    -0.0071 (-0.58%)
     
  • 10-Yr Bond

    1.0970
    -0.0320 (-2.83%)
     
  • GBP/USD

    1.3591
    -0.0100 (-0.73%)
     
  • USD/JPY

    103.7250
    -0.0910 (-0.09%)
     
  • BTC-USD

    35,676.28
    +675.61 (+1.93%)
     
  • CMC Crypto 200

    701.93
    -33.21 (-4.52%)
     
  • FTSE 100

    6,735.71
    -66.25 (-0.97%)
     
  • Nikkei 225

    28,519.18
    -179.12 (-0.62%)
     

CDW Corp (CDW) to Report Q3 Earnings: What's in Store?

Zacks Equity Research
·3 min read

CDW Corporation CDW is set to report third-quarter 2020 results on Nov 2.

The Zacks Consensus Estimate for quarterly revenues is pinned at $4.54 billion, indicating a 7.5% year-over-year decline. The consensus mark for earnings is pegged at $1.48 per share, suggesting a 12.9% decrease, year on year.

The company’s earnings surpassed the Zacks Consensus Estimate in three of the trailing four quarters and came in line in the other, the average surprise being 7.5%.

Let’s see how things have shaped up for the upcoming announcement.

Factors at Play

CDW’s third-quarter performance is likely to have been adversely impacted by the pandemic-induced business disruptions. Lower IT spending as organizations are pushing back their investments in big and expensive technology products, due to the global economic slowdown concerns amid the coronavirus crisis, might have hurt the firm’s quarterly performance.

CDW Corporation Price and Consensus

CDW Corporation Price and Consensus
CDW Corporation Price and Consensus

CDW Corporation price-consensus-chart | CDW Corporation Quote

Nonetheless, the coronavirus-induced demand for advanced IT-service infrastructure solutions for remote working and digital healthcare services is anticipated to have aided the company during the quarter under review.

CDW’s strategy to support organic growth, alongside acquisitions, is also likely to have strengthened the company’s profile significantly. The firm’s buyouts of Aptris and Scalar Decisions have been instrumental in enhancing its capabilities to solve customers’ business problems. This makes us optimistic about the upcoming results.

What Our Model Says

Our proven model predicts an earnings beat for CDW this season. The combination of a positive Earnings ESP, and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold), increases the chances of an earnings beat. You can uncover the best stocks to buy or sell, before they’re reported, with our Earnings ESP Filter.

CDW currently sports a Zacks Rank of 1 and has an Earnings ESP of +6.76%.

Other Stocks With Favorable Combinations

Here are some other companies, which, per our model, have the right combination of elements to post an earnings beat in their upcoming releases:

Vishay Intertechnology, Inc. VSH has an Earnings ESP of +6.45% and flaunts a Zacks Rank of 1, at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

Alphabet GOOGL has an Earnings ESP of +7.40% and carries a Zacks Rank of 2, currently.

AMETEK, Inc. AME has an Earnings ESP of +0.83% and currently carries a Zacks Rank of 3.

Zacks’ 2020 Election Stock Report

In addition to the companies you learned about above, we invite you to learn more about profiting from the upcoming presidential election. Trillions of dollars will shift into new market sectors after the votes are tallied, and investors could see significant gains. This report reveals specific stocks that could soar: 6 if Trump wins, 6 if Biden wins.

Check out the 2020 Election Stock Report >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
AMETEK, Inc. (AME) : Free Stock Analysis Report
 
Vishay Intertechnology, Inc. (VSH) : Free Stock Analysis Report
 
Alphabet Inc. (GOOGL) : Free Stock Analysis Report
 
CDW Corporation (CDW) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research