Insight Enterprises Inc (NASDAQ: NSIT) has reported E.P.S. of $2.06 for its first fiscal quarter (ending March 31) versus $1.48 for the same period a year ago — an increase of 39%. Relative to the consensus estimate of $2.39, this was a shortfall of $-0.33. For the latest four quarters through March 31, E.P.S. were $9.12 compared to $7.90 a year ago — an increase of 15%.
Recent Price Action
On 5/2/24, Insight Enterprises Inc (NASDAQ: NSIT) stock enjoyed a large increase of 3.0%, closing at $178.42. Moreover, trading volume in this advance was unusually high at 184% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -3.2% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, NSIT is expected to continue to be a major Value Builder.
Insight Enterprises has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Insight Enterprises has a slightly negative Appreciation Score of 32 but a very high Power Rating of 88, and the High Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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