Sysco Sees FY24 Adj. EPS $4.20-$4.40 Vs $4.48 Estimate
Portfolio Pulse from Happy Mohamed
Sysco Corporation (SYY) has projected its adjusted earnings per share (EPS) for FY24 to be between $4.20 and $4.40, which is lower than the estimated $4.48.
August 04, 2023 | 9:12 am
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Sysco's lower than expected EPS forecast for FY24 could negatively impact its stock price in the short term.
Earnings per share (EPS) is a key indicator of a company's profitability. A lower than expected EPS forecast often leads to a negative market reaction as it indicates that the company may not perform as well as expected. Therefore, Sysco's lower than expected EPS forecast for FY24 could lead to a decrease in its stock price in the short term.
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