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 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 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 "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 |