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NASDAQ:CDW
CDW Corporation Stock Earnings Reports
$165.57
-2.52 (-1.50%)
At Close: Mar 21, 2025
CDW Earnings Calls
Q4 2024
Beat
$2.48 (6.44%)
| Release date | Feb 05, 2025 |
| EPS estimate | $2.33 |
| EPS actual | $2.48 |
| EPS Surprise | 6.44% |
| Revenue estimate | 4.959B |
| Revenue actual | 5.186B |
| Revenue Surprise | 4.57% |
Q3 2024
Missed
$2.63 (-8.04%)
| Release date | Oct 30, 2024 |
| EPS estimate | $2.86 |
| EPS actual | $2.63 |
| EPS Surprise | -8.04% |
| Revenue estimate | 5.719B |
| Revenue actual | 5.517B |
| Revenue Surprise | -3.54% |
Q2 2024
Missed
$2.50 (-1.19%)
| Release date | Jul 31, 2024 |
| EPS estimate | $2.53 |
| EPS actual | $2.50 |
| EPS Surprise | -1.19% |
| Revenue estimate | 5.425B |
| Revenue actual | 5.423B |
| Revenue Surprise | -0.0315% |
Q1 2024
Missed
$1.92 (-10.70%)
| Release date | May 01, 2024 |
| EPS estimate | $2.15 |
| EPS actual | $1.92 |
| EPS Surprise | -10.70% |
| Revenue estimate | 5.001B |
| Revenue actual | 4.873B |
| Revenue Surprise | -2.57% |
Last 4 Quarters for CDW
Below you can see how CDW performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
Q1 2024
Missed
| Release date | May 01, 2024 |
| Fiscal end date | Mar 31, 2024 |
| Price on release | $214.61 |
| EPS estimate | $2.15 |
| EPS actual | $1.92 |
| EPS surprise | -10.70% |
| Date | Price |
|---|---|
| Apr 25, 2024 | $243.42 |
| Apr 26, 2024 | $242.26 |
| Apr 29, 2024 | $245.94 |
| Apr 30, 2024 | $241.86 |
| May 01, 2024 | $214.61 |
| May 02, 2024 | $218.41 |
| May 03, 2024 | $219.56 |
| May 06, 2024 | $221.82 |
| May 07, 2024 | $220.68 |
| 4 days before | -11.84% |
| 4 days after | 2.83% |
| On release day | 1.77% |
| Change in period | -9.34% |
Q2 2024
Missed
| Release date | Jul 31, 2024 |
| Fiscal end date | Jun 30, 2024 |
| Price on release | $218.11 |
| EPS estimate | $2.53 |
| EPS actual | $2.50 |
| EPS surprise | -1.19% |
| Date | Price |
|---|---|
| Jul 25, 2024 | $228.62 |
| Jul 26, 2024 | $229.74 |
| Jul 29, 2024 | $231.39 |
| Jul 30, 2024 | $232.47 |
| Jul 31, 2024 | $218.11 |
| Aug 01, 2024 | $213.59 |
| Aug 02, 2024 | $209.85 |
| Aug 05, 2024 | $206.67 |
| Aug 06, 2024 | $208.45 |
| 4 days before | -4.60% |
| 4 days after | -4.43% |
| On release day | -2.07% |
| Change in period | -8.82% |
Q3 2024
Missed
| Release date | Oct 30, 2024 |
| Fiscal end date | Sep 30, 2024 |
| Price on release | $195.06 |
| EPS estimate | $2.86 |
| EPS actual | $2.63 |
| EPS surprise | -8.04% |
| Date | Price |
|---|---|
| Oct 24, 2024 | $219.16 |
| Oct 25, 2024 | $217.01 |
| Oct 28, 2024 | $218.50 |
| Oct 29, 2024 | $219.90 |
| Oct 30, 2024 | $195.06 |
| Oct 31, 2024 | $188.23 |
| Nov 01, 2024 | $188.38 |
| Nov 04, 2024 | $191.10 |
| Nov 05, 2024 | $192.99 |
| 4 days before | -11.00% |
| 4 days after | -1.06% |
| On release day | -3.50% |
| Change in period | -11.94% |
Q4 2024
Beat
| Release date | Feb 05, 2025 |
| Fiscal end date | Dec 31, 2024 |
| Price on release | $206.13 |
| EPS estimate | $2.33 |
| EPS actual | $2.48 |
| EPS surprise | 6.44% |
| Date | Price |
|---|---|
| Jan 30, 2025 | $197.76 |
| Jan 31, 2025 | $199.14 |
| Feb 03, 2025 | $198.44 |
| Feb 04, 2025 | $199.34 |
| Feb 05, 2025 | $206.13 |
| Feb 06, 2025 | $199.86 |
| Feb 07, 2025 | $192.02 |
| Feb 10, 2025 | $191.57 |
| Feb 11, 2025 | $191.74 |
| 4 days before | 4.23% |
| 4 days after | -6.98% |
| On release day | -3.04% |
| Change in period | -3.04% |
CDW Earnings Call Transcript Summary of Q4 2024
Key Financial Metrics
Gross profit reached $1.16 billion, flat year-over-year but up 2% on an average daily sales basis.
Non-GAAP operating income was nearly $500 million, down 4% from last year.
Non-GAAP net income per share stood at $2.48, down 4% or $0.09 compared to Q4 2023.
Full Year Results (2024)
- Overall net sales declined by 3%.
- Full year gross profit was down roughly 1%.
- Maintained solid performance with over $1 billion in adjusted free cash flow.
- Returned $832 million to shareholders through dividends and share repurchases.
Strategic Insights
- Customer focus shifted towards operating efficiency and as-a-service solutions like cloud, SaaS, and consultative services to manage spending and minimize capital expenditures.
- Healthcare segment showed robust growth, up 30%, thanks to strategic investments and expertise.
- International sales grew to $2.5 billion, showing demand stability but facing economic uncertainties in certain regions (U.K. and Canada).
Market Outlook
- For 2025, CDW expects low single-digit growth in the U.S. IT market and aims to outpace market growth by 200-300 basis points.
- Anticipated demand challenges continue, particularly in public sector spending and mixed performance across verticals such as Education and Government.
Capital Allocation
- Share Repurchase Authorization: The Board approved an additional $750 million repurchase program, building on the significant repurchase activity from prior periods.
- Dividend Growth: The dividend increased by roughly 1%, marking the 11th consecutive year of growth.
- Investments in acquisitions, notably Mission Cloud Services, aim to enhance cloud capabilities and drive future growth while supporting existing core operations.
Conclusion
CDW maintains a proactive approach in navigating macroeconomic uncertainties while focusing on growth in high-relevance areas. Continued emphasis on cloud services and strategic acquisitions positions CDW for resilience and future expansion. Investors should monitor evolving end-market demands, particularly in the public sector and emerging technologies, as well as the execution of their capital allocation strategy.
CDW Earnings History
Earnings Calendar
FAQ
When is the earnings report for CDW?
CDW Corporation (CDW) has scheduled its earnings report for May 07, 2025 before the markets open.
What is the CDW price-to-earnings (P/E) ratio?
CDW P/E ratio as of Mar 21, 2025 (TTM) is 21.34.
What is the CDW EPS forecast?
The forecasted EPS (Earnings Per Share) for CDW Corporation (CDW) for the first fiscal quarter 2025 is $1.96.
What are CDW Corporation's retained earnings?
On its balance sheet, CDW Corporation reported retained earnings of $5.19 billion for the latest quarter ending Dec 31, 2024.
What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.
Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.
What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.
