TD Synnex Corp expected to post earnings of $2.84 a share - Earnings Preview

TD Synnex

22/03/2024 12:42

* TD Synnex Corp  SNX.N   SNX  is expected to show a fall in
quarterly revenue when it reports  results on March 26 for the
period ending February 29 2024
    * The Fremont California-based  company is expected to
report a
5.1% decrease in revenue to $14.357 billion from $15.13 billion
a year ago, according to the mean estimate from 9 analysts,
based on LSEG data.The company's guidance on January 9 2024, for
the period ended February 29, was for revenue between $14.00
billion and $14.70 billion.
    * ​LSEG's mean analyst estimate for TD Synnex Corp is for
earnings
of $2.84 per share. The company's EPS guidance on January 9
2024, for the period ended February 29, was between $2.60 and
$3.10 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 0.0%
in the last three months. ​
    * Wall Street's median 12-month price target for TD Synnex
Corp is
$120.00​, above​ its last closing price of $105.01. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Nov. 30 2023  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. 28 2023  2.86        2.85       2.93      Beat    2.8
 ​​Nov.        2.91        2.91       3.44      Beat    18.2
 30 2022                                                
 Aug. 31 2022  2.73        2.73       2.74      Beat    0.3​
 May. 31 2022  2.68        2.65       2.72      Beat    2.7
 Feb. 28 2022  2.74        2.73       3.03      Beat    11.1
 This summary was machine generated March 22 at 12:42 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)