(NSIT) - met or exceeded earnings estimates in 13 out of the past 14 quarters

Insight Enterprises has met or exceeded earnings estimates in 13 out of the past 14 quarters. Year-over-year growth has been steadily in the double digits over that time period. Two analysts have raised their estimates for this year and next year. Next year's estimates have jumped 9.4% to $1.63 per share over the past month. Full Analysis Insight Enterprises, Inc. (NSIT) and its subsidiaries provide information technology products and services to businesses, government, and educational institutions in the United States, Canada, and the United Kingdom. The company's product categories include notebooks and personal digital assistants, desktops and servers, software, network and connectivity, printers, storage devices, supplies and accessories, memory and processors, monitors and video, and miscellaneous products. It also offers various services, including advanced integration, custom configuration, network design, and deployment and installation services, as well as third-party services, such as warranties, training, and leasing. The company reported in late-July that quarterly net sales grew of 6.4% from $786.7 million in Q2 2005 to $837.1 million in Q2 2006. NSIT also reported 26% year over year growth in non-GAAP(a) diluted EPS from $0.31 in Q2 2005 to $0.39 in Q2 2006 (104% year over year growth in GAAP diluted EPS from $0.26 in Q2 2005 to $0.53 in Q2 2006.) "The second quarter of 2006 has been a very exciting and successful quarter for Insight," said Rich Fennessy, chief executive officer. "We posted strong financial results, divested a non-core part of our business and are announcing today an acquisition that will solidify our value proposition as a trusted advisor to our clients." NSIT also made a key acquisition when it announced it would buy Software Spectrum Inc., a business-to-business information technology software manager, from information services company Level 3 Communications for $287 million in cash. Insight expects it to be beneficial to 2006 earnings. NSIT has met or exceeded earnings estimates in 13 out of the past 14 quarters. Year-over-year growth has been steadily in the double digits over that time period. Two analysts have raised their estimates for this year and next year. Next year's estimates have jumped 9.4% to $1.63 per share over the past month. The stock is currently trading at 12.8x next year's estimates, well below the projected long-term growth rate of 16.5%, giving the stock a PEG ratio of 0.78. Content Courtesy: Zacks Investment Research #1 Ranked Stocks Highlight Archive To truly take advantage of the Zacks Rank, you need to first understand how it works. That is why we created the free special report: Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions. | Blog Home| VitalStocks Home