PC Connection, Inc. (NASDAQ:CNXN) is reporting second quarter financial results on Monday 10th August 2020, after market close.
According to analysts surveyed by Thomson Reuters, CNXN is expected to report 2Q20 income of $ 0.66 per share from revenue of $ 653.04 million.
For the full year, analysts anticipate top line of $ 2720.06 million, while looking forward to income of $ 2.69 per share bottom line.
Previous Quarter Performance
PC Connection, Inc. posted income for the first quarter of $ 0.56 per share, from the revenue of $ 711.85 million. The quarterly earnings escalated 16.67 percent while revenues swell 12.47 percent compared with the same quarter last year.
According to street consensus, CNXN was expected to report 1Q20 income of $ 0.53 per share from revenue of $ 638.37 million. The bottom line results beat street analysts by $ 0.03 or 5.66 percent, at the same time, top line results outshined analysts by $ 73.48 million or 11.51 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of CNXN was $ 46.60, representing a 54.82 % increase from the 52 week low of $ 30.10 and a 17.27 % decrease over the 52 week high of $ 56.33.
The company has a market capital of $ 1.22 billion and is part of the Technology sector and Computer Distribution industry.
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Recent Analyst recommendations
- On 13th July 2020, downgraded by Sidoti to Neutral from Buy rating, with $ 50.00 target price.
Conference Call
PC Connection, Inc. will be hosting a conference call at 4:30 PM eastern time on 10th August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.connection.com
PC Connection, Inc., together with its subsidiaries, provides a range of information technology (IT) solutions. It operates through three segments: Business Solutions, Enterprise Solutions, and Public Sector Solutions segments. The company offers IT products, including computer systems, software and peripheral equipment, networking communications, and other products and accessories.
