Recap: PC Connection Q1 Earnings

PC Connection CNXN reported its Q1 earnings results on Thursday, May 4, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

PC Connection missed estimated earnings by 13.85%, reporting an EPS of $0.56 versus an estimate of $0.65.

Revenue was down $60.80 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.02 which was followed by a 13.99% drop in the share price the next day.

Here's a look at PC Connection's past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate 0.73 0.81 0.75 0.56
EPS Actual 0.71 0.88 0.96 0.83
Revenue Estimate 751.12M 803.02M 778.57M 690.31M
Revenue Actual 732.45M 775.69M 828.51M 788.34M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

PC Connection management provided guidance for Q1 2023, expecting earnings between $0.53 and $0.55 per share.

To track all earnings releases for PC Connection visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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