NASDAQ$NSIT
Insight Enterprises Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Insight Enterprises' third quarter results were reported, with gross profit increasing and net sales decreasing year over year.
Insight Enterprises reported a decrease in net sales by 8% year over year to $2.1 billion, while gross profit increased by 6% to $432.1 million. Diluted earnings per share decreased by 6% to $1.52, and adjusted diluted earnings per share decreased by 8% to $2.19.
- Gross profit increased 6% year over year to $432.1 million, with gross margin expanding 270 basis points to 20.7%.
- Insight Core services gross profit grew 14% year over year.
- Cloud gross profit grew 33% year over year.
- Consolidated net earnings decreased 3% year to year to $58.2 million.
Headline financials
Revenue & EPS history
Insight Enterprises · Revenue · Quarterly
$2.09B
Revenue by segment
Insight Enterprises · $2.39B total across 2 segments · Q3 2023
- Hardware$1.89B-12.9%79.1%
- Software$501M—20.9%
Forward guidance
For the full year 2024, the company expects Adjusted diluted earnings per share to be between $9.40 and $9.70. They also expect to deliver mid single-digit gross profit growth and continue to expect that our gross margin will be in the 19% to 20% range.
Tailwinds
- Adjusted diluted earnings per share to be between $9.40 and $9.70.
- Deliver mid single-digit gross profit growth
- Gross margin will be in the 19% to 20% range.
- Interest expense of $58 to $60 million.
- Capital expenditures of $35 to $40 million.
Headwinds
- Effective tax rate of approximately 25.5% for the full year.
- Outlook excludes acquisition-related intangibles amortization expense of approximately $70 million
- Assumes no acquisition or integration related expenses
- Assumes no transformation or severance and restructuring expenses, net
- Assumes no significant change in our debt instruments or the macroeconomic environment.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2024
-0.1%
Avg return
Earnings day
+2.0%
Avg return
5 days after
+4.0%
Avg return
30 days after
46%
30 / 65 earnings
Positive
+18.1%
Q4 2016
Best reaction
-19.1%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.8% | +26.0% | +60.9% | |
| Q4 2025 | +0.8% | +15.5% | +4.1% | |
| Q3 2025 | -3.9% | -8.4% | -16.5% | |
| Q1 2025 | -3.2% | -4.8% | -5.7% | |
| Q4 2024 | -3.8% | -3.7% | -10.2% | |
| Q3 2024 | -15.5% | -16.6% | -23.3% | |
| Q2 2024 | -19.1% | -19.6% | -3.3% | |
| Q1 2024 | +11.8% | +15.5% | +12.9% | |
| Q4 2023 | -6.8% | -5.2% | -3.5% | |
| Q3 2023 | +2.3% | +1.4% | +10.4% | |
| Q2 2023 | -2.2% | -1.3% | +9.2% | |
| Q1 2023 | +1.7% | +2.6% | +10.9% | |
| Q4 2022 | +12.6% | +12.5% | +19.6% | |
| Q3 2022 | +0.3% | +3.0% | +9.0% | |
| Q2 2022 | -1.2% | -3.7% | -6.1% | |
| Q1 2022 | -0.8% | -4.2% | -2.7% | |
| Q4 2021 | -1.2% | +0.2% | +7.5% | |
| Q3 2021 | +7.3% | +6.7% | +1.8% | |
| Q2 2021 | -2.2% | -3.5% | +1.1% | |
| Q1 2021 | -1.5% | -4.0% | +3.4% | |
| Q4 2020 | +0.4% | -0.7% | +14.4% | |
| Q3 2020 | +11.1% | +16.9% | +28.0% | |
| Q2 2020 | +6.3% | +9.4% | +12.3% | |
| Q1 2020 | +0.9% | -9.3% | +4.9% | |
| Q4 2019 | -10.9% | -12.3% | -39.1% | |
| Q3 2019 | -2.8% | -4.2% | +1.0% | |
| Q2 2019 | +3.5% | +6.4% | -1.9% | |
| Q1 2019 | +1.6% | +1.6% | -9.0% | |
| Q4 2018 | +13.1% | +16.2% | +17.5% | |
| Q3 2018 | -9.6% | -10.2% | -15.6% | |
| Q2 2018 | -2.8% | +4.2% | +9.7% | |
| Q1 2018 | +13.1% | +21.6% | +34.4% | |
| Q4 2017 | +4.5% | +3.5% | +4.0% | |
| Q3 2017 | -7.3% | -12.6% | -16.9% | |
| Q2 2017 | +12.3% | +8.1% | -2.9% | |
| Q1 2017 | +10.0% | +9.8% | +2.9% | |
| Q4 2016 | +18.1% | +18.6% | +12.6% | |
| Q3 2016 | -11.1% | -13.6% | +3.5% | |
| Q2 2016 | +14.7% | +17.2% | +17.5% | |
| Q1 2016 | -15.1% | — | — | |
| Q4 2015 | -4.6% | — | — | |
| Q3 2015 | -5.7% | — | — | |
| Q2 2015 | -3.6% | — | — | |
| Q1 2015 | -7.9% | — | — | |
| Q4 2014 | +1.4% | — | — | |
| Q3 2014 | -12.1% | — | — | |
| Q2 2014 | -0.5% | — | — | |
| Q1 2014 | +7.2% | — | — | |
| Q4 2013 | +10.7% | — | — | |
| Q3 2013 | -2.0% | — | — | |
| Q2 2013 | -5.2% | — | — | |
| Q1 2013 | -4.2% | — | — | |
| Q4 2012 | -3.9% | — | — | |
| Q3 2012 | +2.6% | — | — | |
| Q2 2012 | +8.7% | — | — | |
| Q1 2011 | -14.5% | — | — | |
| Q1 2012 | -10.2% | — | — | |
| Q4 2009 | -1.1% | — | — | |
| Q1 2010 | -1.1% | — | — | |
| Q4 2011 | -1.1% | — | — | |
| Q3 2010 | +4.8% | — | — | |
| Q3 2011 | +4.8% | — | — | |
| Q4 2010 | +2.2% | — | — | |
| Q2 2010 | +2.2% | — | — | |
| Q2 2011 | +2.2% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro