CDW Corporation (CDW) earnings on May 6, 2026
Prior outlook: Pessimistic Outcome: Accurate
CDW's stock fell sharply despite beating sales expectations. The price dropped over 20% by the market close.
CDW price around the earnings
109.00
Change: -20.3%
2026-05-06, 20:00 UTC
- Price: green if it ends above the starting price; red if it ends below
- End of the measured window
- Market open
- Starting price
Prior thesis
Prior outlook: Pessimistic Outcome: Accurate
- Thesis published
Analysts positive, but stock price fell sharply on earnings.
The company recently missed earnings expectations, and the stock price dropped significantly before the announcement, suggesting this move was already anticipated. Despite the recent stock drop, analysts maintain a positive outlook with price targets suggesting significant upside potential.
Context analyzed before publication
- Summary
- Analysts optimistic, but the stock price fell sharply on earnings.
- Reasoning
- The company recently missed earnings expectations, and the stock price dropped significantly before the announcement, suggesting this move was already anticipated. Despite the recent stock drop, analysts maintain an optimistic outlook and cite price targets pointing to an optimistic scenario.
- Playbook
- Given the sharp price decline and earnings miss, the scenario is one of caution ahead of stabilization. Analyst targets point to potential, but the recent technical weakness is a key factor.
- Trend
- Pessimistic trajectory confirmed by earnings miss and price crash.
Analysts
Drivers
-
Analysts
Positive
Analysts overwhelmingly maintain a buy rating and have set price targets significantly higher than the current price. Their consensus remains optimistic.
Evidence
- Analyst consensus
- Buy
- Consensus average (1-5)
- 1.91
- Analysts covering the stock
- 10
- Average price target
- 166.2
- Lowest price target
- 142
- Highest price target
- 195
- Upside to price target
- 50.3%
- Quarterly earnings growth
- 5.8%
- Revenue growth
- 6.3%
- Forward EPS
- 11.34
- Trailing EPS
- 8.08
- Analyst moves in the last 60 days
- 0
- Strong buy: 0
- Buy: 6
- Hold: 5
- Sell: 0
- Strong sell: 0
- Strong buy
- 0
- Buy
- 6
- Hold
- 5
- Sell
- 0
- Strong sell
- 0
News and sentiment
Drivers
-
News & sentiment
Neutral
News reports highlight both the earnings miss and sales beat, creating a mixed picture. Social media sentiment is entirely positive, though this may not reflect underlying fundamentals.
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (1)
- CDW Q1 Adj. EPS $2.28 Misses $2.29 Estimate, Sales $5.679B Beat $5.478B Estimate — Benzinga
Technicals
Drivers
-
Technical
Negative
The stock experienced a significant price drop recently, underperforming the broader market. It is currently market review near a key support level.
Evidence
- Average true range (ATR)
- 6.5%
- Distance to 52-week high
- -42.5%
- 14-day change (14d)
- -17.7%
- 30-day change
- -9.2%
- 30-day relative strength
- -21.2%
- Benchmark change
- +12.0%
- Nearest support
- 106.28
- Nearest resistance
- 143.6
- Volume accumulation ratio
- 0.83
Trends
Evidence
- Average earnings surprise
- +3.1%
- May 6, 2026: actual EPS 2.28 vs estimate 2.29 (surprise -0.3%)
- February 4, 2026: actual EPS 2.57 vs estimate 2.44 (surprise +5.1%)
- November 4, 2025: actual EPS 2.71 vs estimate 2.62 (surprise +3.4%)
- August 6, 2025: actual EPS 2.6 vs estimate 2.49 (surprise +4.4%)
Expected move
Drivers
-
Past earnings
Neutral
Recent quarterly earnings per share slightly missed estimates, while sales exceeded expectations. This mixed result was already reflected in the stock price.
There is no implied-move data available for this event.
Reactions over its last 19 earnings
- Median move
- 3.1%
- 75th percentile move
- 6.6%
- 90th percentile move
- 9.9%
- Up / down moves
- 10 / 8
- Average up move
- +3.8%
- Average down move
- -5.5%
Monitoring and close
What CDW Corporation reported
There is no monitoring data available for this event.
Pre-market second reading after the results
There is no second reading available for this event.
How the stock reacted
- Outcome
- Accurate
- Consolidated
- -20.3%
- Max favorable move (MFE)
- 22.5%
- Max adverse move (MAE)
- 0%