Preview: TD Synnex's Earnings
Portfolio Pulse from Benzinga Insights
TD Synnex (NYSE:SNX) is scheduled to release its quarterly earnings report on January 9, 2024. Analysts predict an EPS of $2.68. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, TD Synnex's stock price has reacted to both earnings results and guidance. Last quarter, the company exceeded the EPS estimate by $0.30, leading to a 2.98% stock price increase the following day. Over the past year, shares have declined by 1.45%, with the stock trading at $104.6 as of January 5.
January 08, 2024 | 2:00 pm
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POSITIVE IMPACT
TD Synnex is expected to report an EPS of $2.68 for the upcoming quarter. Positive guidance and an earnings beat could influence the stock price, as seen in the past. Shares have been down over the last year, which may affect investor sentiment.
Given TD Synnex's history of stock price increases following an earnings beat, a positive report could lead to a short-term uptick in the stock price. However, the overall negative performance over the past year may temper expectations. The importance is high as earnings reports are critical for investor decisions, and the confidence level reflects the typical market response to earnings announcements.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100