TD Synnex Corp expected to post earnings of $2.82 a share - Earnings Preview

TD Synnex

21/06/2024 13:37

* TD Synnex Corp  SNX.N   SNX  is expected to show a rise in
quarterly revenue when it reports  results on June 25 for the
period ending May 31 2024
    * The Fremont California-based  company is expected to
report a
0.3% increase in revenue to $14.098 billion from $14.06 billion
a year ago, according to the mean estimate from 10 analysts,
based on LSEG data.The company's guidance on March 26 2024, for
the period ended May 31, was for revenue between $13.30 billion
and $14.90 billion.
    * ​LSEG's mean analyst estimate for TD Synnex Corp is for
earnings
of $2.82 per share. The company's EPS guidance on March 26 2024,
for the period ended May 31, was between $2.50 and $3.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for TD Synnex
Corp is
$135.00​, above​ its last closing price of $131.10. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Feb. 29 2024  2.85        2.84       2.99      Beat    5.2
 Nov. 30 2024  2.69        2.68       3.13      Beat    16.9
 Aug. 31 2023  2.48        2.48       2.78      Beat    12.2​
 May. 31 2023  2.57        2.55       2.43      Missed  -4.5
 ​​Feb.        2.86        2.85       2.93      Beat    2.8
 28 2023                                                
 Nov. 30 2022  2.91        2.91       3.44      Beat    18.2​
 Aug. 31 2022  2.73        2.73       2.74      Beat    0.3
 May. 31 2022  2.68        2.65       2.72      Beat    2.7
 This summary was machine generated June 21 at 12:37 GMT.  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)