ePlus Third Quarter 2024 Earnings: Misses Expectations
ePlus (NASDAQ:PLUS) Third Quarter 2024 Results
Key Financial Results
Revenue: US$509.1m (down 18% from 3Q 2023).
Net income: US$27.3m (down 24% from 3Q 2023).
Profit margin: 5.4% (down from 5.7% in 3Q 2023). The decrease in margin was driven by lower revenue.
EPS: US$1.03 (down from US$1.34 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
ePlus Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 19%.
Looking ahead, revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Electronic industry in the US.
Performance of the American Electronic industry.
The company's shares are down 9.9% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on ePlus' balance sheet health.
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