Bear of the Day: CDW (CDW)

Zacks11-21 17:00

Despite being a leader in integrated information technology (IT) solutions, CDW Corporation CDW reported subpar Q3 results at the end of October, leading to a drop in earnings estimate revisions. Down...

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Year over year, CDW’s bottom line contracted from $2.72 a share in Q3 2023. Furthermore, CDW has missed earnings expectations in three of its last four quarterly reports with an average EPS surprise of -4.73% during this period.This came as CDW’s Q3 sales dipped to $5.51 billion compared to $5.62 billion in the comparative quarter and missed estimates of $5.71 billion by -3%. CDW has also missed top line estimates in three of the last four quarters with an average sales surprise of -2.67%.International Busine","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4515":"5G概念","LU0545039389.USD":"BGF GLOBAL EQUITY INCOME \"A2\" ACC","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","BK4585":"ETF&股票定投概念","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","BK4534":"瑞士信贷持仓","LU0267386448.USD":"FIDELITY FIRST ALL COUNTRY WORLD \"A\" (USD) INC","SG9999004303.SGD":"Nikko AM Shenton Global Opportunities SGD","BK4575":"芯片概念","BK4566":"资本集团","IBM":"IBM","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","BK4538":"云计算","BK4588":"碎股","IT":"加特纳","BK4579":"人工智能","LU1228905037.USD":"NINETY ONE GSF GLOBAL QUALITY DIVIDEND GROWTH \"A\" (USD) ACC","LU1814569148.SGD":"WELLINGTON GLOBAL QUALITY GROWTH \"D\" (SGDHDG) ACC","SG9999018857.SGD":"United Global Quality Growth Fd Cl Acc SGD-H","LU1430594728.SGD":"Eastspring Investments - Global Low Volatility Equity AS SGD","LU0949170772.SGD":"Blackrock Global Equity Income A6 SGD-H","LU0323239441.USD":"HSBC GIF GLOBAL EQUITY CLIMATE CHANGE \"AC\" ACC","LU0157215616.USD":"FIDELITY GLOBAL FOCUS \"A\" INC","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","BK4140":"技术产品经销商","SG9999014898.SGD":"United Global Quality Growth Fund Dis SGD","BK4134":"信息科技咨询与其它服务","LU1003077747.HKD":"BGF GLOBAL EQUITY INCOME \"A6\" (HKDHDG) INC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","CDW":"CDW Corporation","BK4561":"索罗斯持仓","LU0149725797.USD":"汇丰美国股市经济规模基金","BK4581":"高盛持仓","SG9999014906.USD":"大华全球优质成长基金Acc USD","ACN":"埃森哲","LU1585245621.USD":"EASTSPRING INV GLOBAL LOW VOLATILITY EQUITY FUND \"A\" (USD) ACC B","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","SG9999017495.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"B\" (SGD) ACC","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU0323240290.USD":"HSBC GIF GLOBAL EQUITY CLIMATE CHANGE \"AD\" INC","DELL":"戴尔","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","LU1880398554.USD":"AMUNDI FUNDS GLOBAL EQUITY \"A2\" (USD) INC","LU1880398471.USD":"AMUNDI FUNDS GLOBAL EQUITY \"A2\" (USD) ACC","SG9999014914.USD":"UNITED GLOBAL QUALITY GROWTH (USDHDG) INC","LU0553294199.USD":"BGF GLOBAL EQUITY INCOME \"A5G\" (USD) INC","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","LU0342679015.USD":"ALLIANZ GLOBAL EQUITY UNCONSTRAINED \"AT\" (USD) ACC","LU1506573853.SGD":"MANULIFE GF GLOBAL EQUITY \"AA\" (SGD) INC"},"translate_title":"今日熊：CDW(CDW)","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ACN":1,"IT":1,"CDW":1,"DELL":1,"IBM":1},"content_text":"Despite being a leader in integrated information technology (IT) solutions, CDW Corporation CDW reported subpar Q3 results at the end of October, leading to a drop in earnings estimate revisions.\nDown nearly -20% year to date, CDW's stock lands a Zacks Rank #5 (Strong Sell) and the Bear of the Day as more downside risk may be ahead.\nCDW’s Subpar Q3 Results \nWeighing on investor sentiment, CDW shares have plummeted sharply over the last month after Q3 earnings of $2.63 per share missed the Zacks EPS Consensus of $2.84 by -7%. Year over year, CDW’s bottom line contracted from $2.72 a share in Q3 2023. Furthermore, CDW has missed earnings expectations in three of its last four quarterly reports with an average EPS surprise of -4.73% during this period.\nImage Source: Zacks Investment Research\nThis came as CDW’s Q3 sales dipped to $5.51 billion compared to $5.62 billion in the comparative quarter and missed estimates of $5.71 billion by -3%. CDW has also missed top line estimates in three of the last four quarters with an average sales surprise of -2.67%. \nImage Source: Zacks Investment Research\nSlower Demand & Increased Competition \nNotably, CDW attributed its subpar Q3 results to economic uncertainty and growing complexity in the technology landscape, resulting in slower customer decision-making and project delays.\nCDW also alluded to increased competition and pricing intensity across all of its end markets with a few of its notable competitors being Accenture ACN, Dell Technologies DELL, and IBM IBM.\nDeclining EPS Estimates \nSuggesting the decline in CDW’s stock could continue is that fiscal 2024 earnings estimates have fallen 5% in the last 30 days to $9.46 per share compared to EPS estimates of $9.97 a month ago. More concerning and taking away from CDW’s growth narrative is that FY25 EPS estimates have dipped more than 2% in the last month.\nImage Source: Zacks Investment Research\nBottom Line\nOperating in a competitive landscape, it may be best to avoid CDW’s stock for now. To that point, CDW may be losing mojo but there are more appealing options in its broader Zacks Computers-IT Services Industry which is in the top 19% out of 250 Zacks industries.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nCDW Corporation (CDW) : Free Stock Analysis Report\nAccenture PLC (ACN) : Free Stock Analysis Report\nInternational Business Machines Corporation (IBM) : Free Stock Analysis Report\nDell Technologies Inc. (DELL) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485466761"}