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CDW Corporation (CDW) Q4 2023 Earnings Call Transcript
The headline numbers for CDW (CDW) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
CDW's fourth-quarter performance is affected due to weakness across all business segments.
CDW (CDW) came out with quarterly earnings of $2.57 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $2.50 per share a year ago.
CDW's fourth-quarter performance is expected to have benefited from solid momentum across cloud, NetComm and storage.
Beyond analysts' top -and-bottom-line estimates for CDW (CDW), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2023.
CDW Corporation has seen a shift towards software and services, with a decrease in hardware revenue and growth in complex solutions. The company has a strong sales and support team, which has contributed to high-single-digit revenue growth and margin expansion. CDW has a solid acquisition record, with recent acquisitions strengthening its capabilities in complex solutions and offering revenue synergies.
Malcolm Ethridge, CIC Wealth Executive Vice President, joins 'Power Lunch' to discuss his investing take on three stocks: Zoom, Doordash, and CDW Corp.
Five stocks to watch with recent dividend hikes are: DDS, CDW, TAC, TTE, CHDN.
CDW Corporation (CDW), Motorola Solutions, Inc. (MSI), New Jersey Resources Corporation (NJR) and Teck Resources Limited (TECK) recently hiked dividends.