ePlus inc reports results for the quarter ended March 31 - Earnings Summary

• ePlus inc PLUS.OQ reported quarterly adjusted earnings of $1.11​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 93 cents. The mean expectation of two analysts for the quarter was for earnings of 87 cents per share. Wall Street expected results to range from 85 cents to 88 cents per share.

• Revenue fell 10.2% to $498.11 million from a year ago; analysts expected $523.85 million.

• ePlus inc's reported EPS for the quarter was 95 cents​.

• The company reported quarterly net income of $25.2 million.

• ePlus inc shares had risen by 7.1% this quarter and lost 11.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged 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 $77.00

This summary was machine generated from LSEG data May 22 at 09:01 p.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)