U.S. Markets open in 6 hrs 36 mins
  • S&P Futures

    3,988.25
    -31.50 (-0.78%)
     
  • Dow Futures

    31,925.00
    -195.00 (-0.61%)
     
  • Nasdaq Futures

    12,270.25
    -112.50 (-0.91%)
     
  • Russell 2000 Futures

    1,774.10
    -15.40 (-0.86%)
     
  • Crude Oil

    109.27
    -1.22 (-1.10%)
     
  • Gold

    1,803.50
    -4.70 (-0.26%)
     
  • Silver

    20.99
    -0.01 (-0.05%)
     
  • EUR/USD

    1.0405
    -0.0012 (-0.1145%)
     
  • 10-Yr Bond

    2.9350
    0.0000 (0.00%)
     
  • Vix

    28.87
    -2.90 (-9.13%)
     
  • GBP/USD

    1.2226
    -0.0036 (-0.2971%)
     
  • USD/JPY

    128.8830
    -0.3020 (-0.2338%)
     
  • BTC-USD

    29,525.72
    -237.04 (-0.80%)
     
  • CMC Crypto 200

    662.57
    -18.54 (-2.72%)
     
  • FTSE 100

    7,418.15
    +184.81 (+2.55%)
     
  • Nikkei 225

    26,547.05
    +119.40 (+0.45%)
     

What's in the Cards for CDW Corporation's (CDW) Q3 Earnings?

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·3 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

CDW Corporation CDW is slated to report third-quarter 2021 results on Nov 3.

The Zacks Consensus Estimate for revenues is pegged at $5.34 billion, suggesting growth of 12.3% from the year-ago reported figure. The consensus mark for earnings is pegged at $2.05 per share, indicating an increase of 12% from $1.83 in the year-ago period.

CDW’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 16.7%.

Factors to Note

CDW’s third-quarter performance is likely to have benefited from continued demand for its hardware and software products, and integrated IT solutions such as mobility, security, data center optimization, virtualization and cloud computing. The company’s enhanced product portfolio and global presence makes it a trusted choice among customers as well as vendors.

With the economy bouncing back to pre-pandemic levels, several changes such as mass vaccine rollout, tracking of COVID variants, policy of returning to office, and infrastructural changes are happening. Thus, accelerated investment in digitization may have contributed to the to-be-reported quarter’s performance.

The company anticipates growth of 16% to 16.5% in non-GAAP constant currency earnings-per-share for 2021. For the third quarter, CDW expects non-GAAP earnings per share to grow in line with normal seasonality of 4% on an average daily sales basis.

CDW’s strategy of supporting organic growth, alongside buyouts, is likely to have boosted its profile significantly. The firm’s buyouts such as Amplified IT and Focal Point Data Risk have been instrumental in enhancing its capabilities in education and security, respectively.

However, ongoing supply-chain constraints for transactional and infrastructure products may have weighed on the to-be-reported quarter’s performance.

CDW Corporation Price and EPS Surprise

CDW Corporation Price and EPS Surprise
CDW Corporation Price and EPS Surprise

CDW Corporation price-eps-surprise | CDW Corporation Quote

What Our Model Says

Our proven model does not conclusively predict 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. But that’s not the case here. You can uncover the best stocks to buy or sell, before they’re reported, with our Earnings ESP Filter.

CDW currently has a Zacks Rank #3 and an Earnings ESP of 0.00%.

Stocks With Favorable Combinations

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

HP HPQ has an Earnings ESP of +1.89% and a Zacks Rank #1 currently. You can see the complete list of today’s Zacks #1 Rank stocks here.

Golden Entertainment, Inc. GDEN has an Earnings ESP of +37.45% and a Zacks Rank #1 currently.

Uber Technologies UBER has an Earnings ESP of +15.45% and a Zacks Rank #3 currently.


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

HP Inc. (HPQ) : Free Stock Analysis Report

CDW Corporation (CDW) : Free Stock Analysis Report

Golden Entertainment, Inc. (GDEN) : Free Stock Analysis Report

Uber Technologies, Inc. (UBER) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research