ePlus inc reports results for the quarter ended June 30 - Earnings Summary

• ePlus inc PLUS reported quarterly adjusted earnings of $1.26​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.13. The mean expectation of two analysts for the quarter was for earnings of $1.17 per share.

• Revenue rose 17% to $637.32 million from a year ago; analysts expected $516.69 million.

• ePlus inc's reported EPS for the quarter was $1.03​.

• The company reported quarterly net income of $37.7 million.

• ePlus inc shares had fallen by 11.8% this quarter and lost 13.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 15.8% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the it services & consulting peer group is "buy."

• Wall Street's median 12-month price target for ePlus inc is $92.00, about 31.2% above its last closing price of $63.30

This summary was machine generated from LSEG data August 8 at 03:28 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)