CDW Corporation (NASDAQ:CDW) is set to announce third quarter earning results on Monday 2nd November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, CDW to report 3Q20 income of $ 1.51 per share.
For the full year, analysts anticipate top line of $ 17637.60 million, while looking forward to income of $ 5.83 per share bottom line.
Previous Quarter Performance
CDW Corporation recorded income for the second quarter of $ 1.56 per share, from the revenue of $ 4,365.70 million. The quarterly earnings down 2.50 percent while revenues fell 5.71 percent compared with the same quarter last year.
According to street consensus, CDW was expected to report 2Q20 income of $ 1.38 per share from revenue of $ 4360.94 million. The bottom line results beat street analysts by $ 0.18 or 13.04 percent, at the same time, top line results outshined analysts by $ 4.76 million or 0.11 percent.
Stock Performance
On Friday, shares of CDW Corporation has traded high as $ 123.20 and has cracked $ 118.61 on the downward trend, reaching $ 122.60 with volume of 1.15 million shares.
According to the previous trading day, closing price of $ 122.60, representing a 64.80 % increase from the 52 week low of $ 73.39 and a 17.21 % decrease over the 52 week high of $ 146.09.
The company has a market capital of $ 17.49 billion and is part of the Technology sector and Information Technology Services industry.
Recent Analyst recommendations
- On 13th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 136.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.38 per share on August 5, 2020. The dividend were payable on September 10, 2020 to holders of record as of the close of business on August 25, 2020 and ex-dividend date on August 24, 2020.
Conference Call
CDW Corporation will be hosting a conference call at 8:30 AM eastern time on 2nd November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.cdw.com
CDW Corporation provides integrated information technology (IT) solutions to business, government, education, and healthcare customers in the United States, the United Kingdom, and Canada. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products, as well as integrated IT solutions, including mobility, security, data center optimization, cloud computing, virtualization, and collaboration.
