For its third fiscal quarter (ending September 30), Insight Enterprises Inc (NASDAQ: NSIT) has reported a -2% decline in E.P.S. from $1.85 a year ago to $1.81 in the current quarter. For the latest four quarters through September 30, E.P.S. were $9.33 compared to $8.00 a year ago — an increase of 17%.
Recent Price Action
Insight Enterprises Inc (NASDAQ: NSIT) stock suffered a major decline of -14.2% on 10/31/24. The shares closed at $174.92. Moreover, exceptionally high trading volume at 298% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months but has declined -17.1% during the last week.
Current PriceTarget Research Rating
NSIT is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Insight Enterprises has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Insight Enterprises has a slightly negative Appreciation Score of 39 but a good Power Rating of 83, triggering the High Neutral Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment