Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessTD SYNNEX Earnings Report Preview: Key Insights

TD SYNNEX Earnings Report Preview: Key Insights

Add to Favorite
Added to Favorite


Wall Street’s expectations for TD SYNNEX are set at an EPS of $2.76 and projected revenues of $14.1 billion for the quarter.
The stability of the consensus EPS estimate highlights analyst confidence in TD SYNNEX’s performance, potentially leading to positive stock price movements.
TD SYNNEX’s previous quarter’s financials, including a revenue of $13.98 billion and a net income of $172.13 million, lay a solid foundation for the anticipated results.

On Tuesday, June 25, 2024, TD SYNNEX (NYSE:SNX) is poised to unveil its earnings report for the quarter ending in May 2024. This event is highly anticipated by investors and analysts alike, as earnings reports are a crucial indicator of a company’s financial health and operational efficiency. TD SYNNEX, a leading player in the information technology sector, specializes in IT distribution and comprehensive supply chain services. The company operates in a competitive landscape, going head-to-head with other major distributors and service providers in the technology industry.
Wall Street’s expectations for SNX’s upcoming earnings are set at an earnings per share (EPS) of $2.76, with projected revenues of $14.1 billion for the quarter. These figures represent a significant milestone for the company, indicating a 13.6% increase in EPS from the same quarter last year and a modest year-over-year revenue growth of 0.4%. Such growth is noteworthy in the context of the global IT distribution market, which is characterized by fierce competition and rapid technological advancements.
The stability of the consensus EPS estimate, which has remained unchanged over the past month, underscores the confidence analysts have in TD SYNNEX’s performance. This steadiness is a positive signal to investors, as fluctuations in earnings estimates can lead to volatility in stock prices. The link between earnings estimate revisions and stock price movements is well-documented, with stable or positive revisions often leading to upward trends in stock prices.
As TD SYNNEX gears up to release its quarterly earnings, the focus will be on whether the company can meet or exceed the Wall Street estimates. Achieving an EPS of $2.76 and revenues of $14.12 billion would not only reflect the company’s robust operational capabilities but also its ability to navigate the complexities of the global supply chain and maintain growth amidst competitive pressures.
The financial metrics from the previous quarter further highlight TD SYNNEX’s strong performance, with a reported revenue of $13.98 billion and a net income of $172.13 million. These figures, along with a gross profit of $899.03 million and an operating income of $328.1 million, set a solid foundation for the company’s anticipated quarterly results. As investors and market watchers await the earnings report, the key will be to see how these past achievements translate into continued growth and stability for TD SYNNEX in the competitive landscape of IT distribution and services.

Subscribe to get Latest News Updates

Latest News

You may like more
more

Watch Samsung to launch wearable product, smart ring called Galaxy Ring, web fans are excited

Samsung (SSNLF) will soon launch its first-of-its-kind wearable product,...

Bad news for inflation: Wholesale prices rose in June

The cost of goods—including gas, electronics, and appliances—dropped by...

Benchmark Reiterates Buy Rating on JD.com, Adjusts Q2 Revenue Growth Projection

Benchmark analysts reaffirmed their Buy rating and set a...

Truist Securities Reiterates Buy Rating on Five9 Amid Activist Investor Push for Sale

Truist Securities analysts reaffirmed their Buy rating and set...