Sysco Q4 EPS $1.34 Beats $1.33 Estimate, Sales $19.73B Miss $19.85B Estimate
Portfolio Pulse from Benzinga Newsdesk
Sysco (NYSE:SYY) reported Q4 earnings of $1.34 per share, beating the analyst consensus estimate of $1.33 by 0.75 percent. This is a 16.52 percent increase from last year. However, the company's quarterly sales of $19.73 billion missed the analyst consensus estimate of $19.85 billion by 0.61 percent, a 4.07 percent increase from last year.
August 01, 2023 | 12:39 pm
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NEUTRAL IMPACT
Sysco's Q4 earnings beat estimates but sales missed. Earnings per share increased by 16.52% YoY, while sales increased by 4.07% YoY but fell short of estimates.
Sysco's earnings beat estimates, which is positive for the stock. However, the company's sales missed estimates, which is negative. The net effect on the stock is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100