TD Synnex Corp reports results for the quarter ended in May - Earnings Summary

TD Synnex

25/06/2024 15:22

* TD Synnex Corp  SNX.N  reported quarterly adjusted
earnings of
$2.73​​ per share for the quarter ended in May, higher than the
same quarter last year, when the company reported EPS of $2.43. 
The mean expectation of twelve analysts for the quarter was
for earnings of $2.82 per share. Wall Street expected results to
range from $2.75  to $2.98 per share.
    * Revenue fell 0.8% to $13.95 billion from a year ago;
analysts
expected $14.10 billion. 
    * TD Synnex Corp's reported EPS for the quarter was $1.66​.
    * The company reported quarterly net income of $143.61
million.
    * TD Synnex Corp shares had risen by 14.4% this quarter and
gained 20.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.1%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the computer
hardware
peer group is also "buy"

Wall Street's median 12-month price target for TD Synnex Corp is
$135.00 
This summary was machine generated from LSEG data June 25 at
02:22 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 May. 31 2024      2.82           2.73           Missed
 Feb. 29 2024      2.84           2.99           Beat
 Nov. 30 2023      2.68           3.13           Beat
 Aug. 31 2023      2.48           2.78           Beat