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Eplus Inc. (PLUS)
NASDAQ:PLUS
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
1.28Last Year’s EPS
1.18Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: -17.36%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Neutral
The earnings call reflects a mixed sentiment with strong growth in service revenues and strategic acquisitions, contrasted by declines in product sales and increased SG&A expenses due to acquisitions. While there are positive developments in gross margin expansion and security billings, macroeconomic uncertainties pose challenges.Company Guidance
During the ePlus earnings call for the second quarter of fiscal 2025, the company provided updated guidance reflecting both challenges and opportunities. Consolidated net sales were reported at $515.2 million, with a 12.3% decline compared to the previous year, primarily due to reduced product sales despite a 46% year-over-year increase in service revenues. The acquisition of Bailiwick contributed significantly to this growth, enhancing ePlus’s offerings in AI, digital signage, and EV charging. Gross profit increased by 2.5%, while gross margins expanded by 410 basis points, driven by a higher proportion of services and financing segment contributions. The company anticipates adjusted EBITDA for the year to range between $195 million and $205 million. This guidance considers ongoing macroeconomic uncertainties, a challenging comparison to last year's product sales, and a shift towards more ratable revenue models.Service Revenue Growth
Service revenues increased 46% year-on-year, reaching $104 million in the quarter. Managed services revenue grew 28% organically, indicating strong growth prospects.
Gross Margin Expansion
Gross profit increased by 2.5% while gross margins expanded by 410 basis points, driven by higher product margins and strong services performance.
Bailiwick Acquisition
The acquisition of Bailiwick enhances ePlus' IT integration services, focusing on AI, digital signage, and EV charging. This acquisition expands the company's footprint and customer base in North America.
Security Gross Billings Growth
Security gross billings were up 15.8% for the quarter, now accounting for 21.4% of trailing 12 months gross billings.
Strong Balance Sheet
The company maintains a strong balance sheet and cash position, providing flexibility for future growth initiatives.
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PLUS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PLUS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $95.22 | $79.98 | -16.01% |
| Aug 06, 2024 | $79.91 | $84.79 | +6.11% |
| May 22, 2024 | $79.26 | $79.23 | -0.04% |
| Feb 06, 2024 | $78.24 | $68.07 | -13.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Eplus Inc. (PLUS) report earnings?
Eplus Inc. (PLUS) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Eplus Inc. (PLUS) earnings time?
Eplus Inc. (PLUS) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PLUS EPS forecast?
PLUS EPS forecast for the fiscal quarter 2025 (Q3) is 1.28.
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