Dj Cfo Bryan Acquires 682 Of Insight Enterprises Inc >Nsit

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

• B. Riley Securities slashed The Estée Lauder Companies Inc price target from $95 to $70. B. Riley Securities analyst Anna Glaessgen maintained a Neutral rating. Estée Lauder shares closed at $66.58 on Friday. See how other analysts view this stock.
• Morgan Stanley raised the price target for Mastercard Incorporated from $540 to $544. Morgan Stanley analyst James Faucette maintained an Overweight rating. Mastercard shares closed at $508.08 on Friday. See how other analysts view this stock.
• Deutsche Bank cut the price target for Wayfair Inc. from $69 to $46. Deutsche Bank analyst Lee Horowitz maintained a Buy rating. Wayfair shares closed at $40.15 on Friday. See how other analysts view this stock.
• RBC Capital increased Reinsurance Group of America, Incorporated price target from $235 to $245. RBC Capital analyst Scott Heleniak maintained an Outperform rating. Reinsurance Group shares settled at $215.10 on Friday. See how other analysts view this stock.
• Barrington Research slashed Insight Enterprises, Inc. price target from $225 to $205. Barrington Research analyst Vincent Colicchio maintained an Outperform rating. Insight Enterprises shares closed at $172.21 on Friday. See how other analysts view this stock.
• DA Davidson raised The Clorox Company price target from $153 to $171. DA Davidson analyst Linda Bolton Weiser maintained a Neutral rating. Clorox shares closed at $163.11 on Friday. See how other analysts view this stock.
• Craig-Hallum increased the price target for CVRx, Inc. from $15 to $20. Craig-Hallum analyst Alexander Nowak maintained a Buy rating. CVRx shares settled at $13.40 on Friday. See how other analysts view this stock.
• Wedbush cut Super Micro Computer, Inc. price target from $62 to $32. Wedbush analyst Matt Bryson maintained a Neutral rating. Super Micro Computer shares closed at $26.05 on Friday. See how other analysts view this stock.
• Roth MKM lowered the price target for Energy Fuels Inc. from $6 to $5.5. Roth MKM analyst Joe Reagor maintained a Neutral rating. Energy Fuels shares closed at $5.60 on Friday. See how other analysts view this stock.
• UBS boosted Broadcom Inc. price target from $170 to $200. UBS analyst Timothy Arcuri maintained a Buy rating. Broadcom shares closed at $168.92 on Friday. See how other analysts view this stock.

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Insight Enterprises (NSIT) came out with quarterly earnings of $2.19 per share, missing the Zacks Consensus Estimate of $2.33 per share. This compares to earnings of $2.37 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -6.01%. A quarter ago, it was expected that this information technology provider would post earnings of $2.85 per share when it actually produced earnings of $2.46, delivering a surprise of -13.68%.

Over the last four quarters, the company has surpassed consensus EPS estimates just once.

Insight Enterprises, which belongs to the Zacks Retail - Mail Order industry, posted revenues of $2.09 billion for the quarter ended September 2024, missing the Zacks Consensus Estimate by 10.79%. This compares to year-ago revenues of $2.27 billion. The company has topped consensus revenue estimates just once over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Insight Enterprises shares have added about 15.1% since the beginning of the year versus the S&P 500's gain of 21.9%.

What's Next for Insight Enterprises?

While Insight Enterprises has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Insight Enterprises: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $3.52 on $2.54 billion in revenues for the coming quarter and $10.67 on $9.42 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Retail - Mail Order is currently in the bottom 16% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the broader Zacks Retail-Wholesale sector, Jack In The Box (JACK), is yet to report results for the quarter ended September 2024. The results are expected to be released on November 20.

This burger chain is expected to post quarterly earnings of $1.13 per share in its upcoming report, which represents a year-over-year change of +3.7%. The consensus EPS estimate for the quarter has been revised 0.6% lower over the last 30 days to the current level.

Jack In The Box's revenues are expected to be $357.93 million, down 3.9% from the year-ago quarter.

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