EPLUS INC (NASDAQ:PLUS) reported its first-quarter fiscal year 2026 earnings, surpassing analyst expectations on both revenue and earnings per share (EPS). The company also announced its first-ever quarterly dividend and a new stock repurchase program, signaling confidence in its financial position.
Earnings Performance vs. Estimates
- Revenue: The company reported $637.32 million in revenue for Q1 2026, significantly exceeding the consensus estimate of $527.02 million. This represents a 20.9% beat, reflecting strong demand for its IT solutions and services.
- EPS: Earnings per share came in at $1.26, beating the estimated $1.19 by 5.6%. The outperformance suggests improved operational efficiency or higher-margin sales.
Market Reaction
Following the earnings release, the stock saw an after-hours gain of 2.69%, indicating a positive reception from investors. This contrasts with the stock’s recent performance, which has been sluggish over the past month (-11.1%) and relatively flat over the past week (-0.02%). The immediate uptick suggests that the earnings beat and new capital return initiatives may be reversing some of the recent bearish sentiment.
Key Announcements from the Press Release
- Dividend Initiation: The company declared its first-ever quarterly dividend of $0.25 per share, marking a shift toward returning capital to shareholders.
- Stock Repurchase Program: A new buyback program was announced, though the exact size was not disclosed. This could provide additional support for the stock in the coming quarters.
Forward-Looking Estimates
Analysts expect the company to generate $2.137 billion in sales for the full fiscal year 2026, with Q2 2026 revenue projected at $549 million. The current quarter’s strong performance suggests that these estimates may be revised upward if the momentum continues.
For a deeper dive into EPLUS INC’s earnings history and future estimates, visit the earnings and estimates page.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a financial advisor before making any decisions.
