CDW (CDW) reported earnings 30 days ago. What's next for the stock?
CDW Corp.'s 4Q24 results show a return to y/y revenue growth, driven by a 4% increase in hardware sales, marking a key growth inflection point. The recovery in enterprise hardware demand, along with strong growth in cloud and security services, should drive significant revenue and earnings growth for CDW. CDW's operating leverage is set to improve, with revenue growth carrying high incremental margins due to mostly fixed costs and a lower cost structure.
CDW Corporation (NASDAQ:CDW ) Q4 2024 Earnings Conference Call February 5, 2024 8:30 AM ET Company Participants Steve O'Brien - Vice President-Investor Relations Christine Leahy - Chair and Chief Executive Officer Albert Miralles - Senior Vice President and Chief Financial Officer Conference Call Participants Amit Daryanani - Evercore ISI Samik Chatterjee - JPMorgan Chase & Co Ruplu Bhattacharya - Bank of America Keith Housum - Northcoast Research Erik Woodring - Morgan Stanley George Wang - Barclays Operator Good morning all, and thank you for joining us for the CDW Fourth Quarter 2024 Earnings Call. My name is Carly, and I'll be coordinating your call today.
CDW's Q4 performance gains from a strong business pipeline across all its sales units and international domains amid a dynamic macroeconomic backdrop.
Investors looking for stocks in the Computers - IT Services sector might want to consider either CDW (CDW) or CyberArk (CYBR). But which of these two companies is the best option for those looking for undervalued stocks?
Although the revenue and EPS for CDW (CDW) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
CDW (CDW) came out with quarterly earnings of $2.48 per share, beating the Zacks Consensus Estimate of $2.33 per share. This compares to earnings of $2.57 per share a year ago.
CDW on Wednesday beat Wall Street estimates for the fourth quarter, helped by growing demand for its IT solutions, as small- and medium-sized businesses continue to spend on the company's services.
Get a deeper insight into the potential performance of CDW (CDW) for the quarter ended December 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
CDW's fourth-quarter earnings are likely to have been affected by muted customer spending due to macroeconomic woes amid growth in cloud and security solutions.
CDW's cloud growth and acquisitions will aid it in the long run. However, slowing hardware demand and weakness across key segments hurt near-term prospects.
CDW's buyout of Mission Cloud Services is likely to strengthen its cloud capabilities and augment its presence in the cloud services market.