Ingram Micro Earnings Preview
Ingram Micro (NYS: IM) came in under analyst's estimates last quarter, but it now has a chance to fix things this quarter. The company will unveil its latest earnings on Thursday, July 28. Ingram Micro is a global information technology wholesale distributor by net sales, providing sales, marketing, and logistics services for the IT industry worldwide.
What analysts say:
- Buy, sell, or hold?: Analysts strongly back Ingram Micro, with five of nine rating it a buy and the remainder rating it a hold. Overall, analysts don't like Ingram Micro as much as its competitor Tech Data.
- Revenue forecasts: On average, analysts predict $8.57 billion in revenue this quarter. That would represent a rise of 5% from the year-ago quarter.
- Wall Street Earnings Expectations: The average analyst estimate is earnings of $0.37 per share. Estimates range from $0.33 to $0.40.
What our community says:
CAPS All Stars are solidly behind the stock, with 95.9% giving it an "outperform" rating. The community at large backs the All Stars, with 92.8% granting it a rating of "outperform." Fools are gung-ho about Ingram Micro, though the message boards have been quiet lately, with only 59 posts in the past 30 days. Ingram Micro has a bullish CAPS rating of five out of five stars.
Ingram Micro's profit has risen year over year by an average of 52.1%. Revenue has now gone up for three straight quarters.
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At the time this article was published
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