CDW Corporation CDWis scheduled to report first-quarter 2018 results on May 2, before the market opens. The question lingering in investors’ minds is whether or not the company will be able to post a positive earnings surprise in the quarter.
Notably, the company has a mixed earnings surprise history.
What the Zacks Model Unveils?
Our proven model does not conclusively show that CDW is likely to beat earnings estimates this quarter. This is because a stock needs to have both a positive Earnings ESPand a Zacks Rank #1 (Strong Buy), 2 (Buy) or at least 3 (Hold) for this to happen. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
It should be noted that stocks with a Zacks Rank #4 or 5 (Sell rated) are best avoided, especially when the company is seeing negative estimate revisions.
CDW carries a Zacks Rank of 3 and has an Earnings ESP of 0.00%, which makes surprise prediction difficult. Furthermore, we noted that the Zacks Consensus Estimate for first-quarter earnings have remained unchanged over the past 30 days.
However, the company is likely to continue reporting top- and bottom-line growth on a year-over-year basis. The Zacks Consensus Estimate for the first-quarter earnings is pegged at 92 cents, which indicates year-over-year growth of 22. 7%. Additionally, analysts polled by Zacks project revenues of roughly $3.46 billion, up 4.1% from the year-ago quarter.