As the Q4 earnings season wraps, let’s dig into this quarter’s best and worst performers in the it distribution & solutions industry, including Connection (NASDAQ: CNXN) and its peers.

IT Distribution & Solutions will be buoyed by the increasing complexity of IT ecosystems, rising cloud adoption, and demand for cybersecurity solutions. Enterprises are less likely than ever to embark on these complicated journeys solo, and companies in the sector boast expertise and scale in these areas. However, cloud migration also means less need for hardware, which could dent demand for large portions of the product portfolio and hurt margins. Additionally, planning for potentially supply chain disruptions is ongoing, as the COVID-19 pandemic showed how damaging a pause in global trade could be in areas like semiconductor procurement.

The 8 it distribution & solutions stocks we track reported a satisfactory Q4. As a group, revenues beat analysts’ consensus estimates by 2.3% while next quarter’s revenue guidance was 0.6% below.

In light of this news, share prices of the companies have held steady as they are up 2.6% on average since the latest earnings results.

Connection (NASDAQ: CNXN)

Starting as a small computer products seller in 1982 and evolving into a Fortune 1000 company, Connection (NASDAQ: CNXN) is a technology solutions provider that helps businesses and government agencies design, purchase, implement, and manage their IT infrastructure and systems.

Connection reported revenues of $702.9 million, flat year on year. This print fell short of analysts’ expectations by 4.4%. Overall, it was a slower quarter for the company with a significant miss of analysts’ revenue estimates.

Connection delivered the weakest performance against analyst estimates of the whole group. Interestingly, the stock is up 1.4% since reporting and currently trades at $61.02.

Read our full report on Connection here, it’s free.

Best Q4: ePlus (NASDAQ: PLUS)

Starting as a financing company in 1990 before evolving into a full-service technology provider, ePlus (NASDAQ: PLUS) provides comprehensive IT solutions, professional services, and financing options to help organizations optimize their technology infrastructure and supply chain processes.

ePlus reported revenues of $614.8 million, up 24.6% year on year, outperforming analysts’ expectations by 11.4%. The business had an incredible quarter with a beat of analysts’ EPS estimates and a solid beat of analysts’ revenue estimates.

ePlus achieved the biggest analyst estimates beat and fastest revenue growth among its peers. Although it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 7.2% since reporting. It currently trades at $79.86.

Is now the time to buy ePlus? Access our full analysis of the earnings results here, it’s free.

Weakest Q4: ScanSource (NASDAQ: SCSC)

Operating as a crucial link in the technology supply chain since 1992, ScanSource (NASDAQ: SCSC) is a hybrid distributor that connects hardware, software, and cloud services from technology suppliers to resellers and business customers.

ScanSource reported revenues of $766.5 million, up 2.5% year on year, falling short of analysts’ expectations by 2%. It was a disappointing quarter as it posted full-year revenue guidance missing analysts’ expectations significantly and a significant miss of analysts’ revenue estimates.

As expected, the stock is down 16.4% since the results and currently trades at $37.07.

Read our full analysis of ScanSource’s results here.

TD SYNNEX (NYSE: SNX)

Serving as the crucial middleman in the technology supply chain, TD SYNNEX (NYSE: SNX) is a global technology distributor that connects thousands of IT manufacturers with resellers, helping businesses access hardware, software, and technology solutions.

TD SYNNEX reported revenues of $17.38 billion, up 9.7% year on year. This number surpassed analysts’ expectations by 2.6%. It was a strong quarter as it also recorded a solid beat of analysts’ revenue estimates and an impressive beat of analysts’ EPS guidance for next quarter estimates.

The stock is up 3.4% since reporting and currently trades at $156.16.

Read our full, actionable report on TD SYNNEX here, it’s free.

Insight Enterprises (NASDAQ: NSIT)

With over 35 years of IT expertise and partnerships with more than 8,000 technology providers, Insight Enterprises (NASDAQ: NSIT) provides end-to-end digital transformation solutions that help businesses modernize their IT infrastructure and maximize the value of technology.

Insight Enterprises reported revenues of $2.05 billion, down 1.2% year on year. This result came in 2% below analysts' expectations. Zooming out, it was a satisfactory quarter as it also recorded an impressive beat of analysts’ full-year EPS guidance estimates but a significant miss of analysts’ revenue estimates.

Insight Enterprises had the slowest revenue growth among its peers. The stock is up 5.7% since reporting and currently trades at $86.27.

Read our full, actionable report on Insight Enterprises here, it’s free.

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