TD Synnex Likely To Report Lower Q4 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
TD SYNNEX Corporation (NYSE:SNX) is expected to report lower Q4 earnings with an EPS of $2.68 compared to $3.44 the previous year. Revenue is also anticipated to decrease to $14.48 billion from $16.25 billion. The company announced the retirement of Duane Zitzner from its Board and the acquisition of Cokeva, Inc. by its division Shyft Global Services. SNX shares dropped 0.8% to $104.60. Analysts have provided various ratings and price targets for SNX, with the most recent being a Buy rating and a price target of $120 from Stifel.
January 08, 2024 | 4:46 pm
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NEGATIVE IMPACT
TD SYNNEX is projected to report a decline in Q4 earnings and revenue, with an EPS of $2.68 and revenue of $14.48 billion. The stock closed down 0.8% at $104.60. Analysts have mixed views, with price targets ranging from $97 to $120.
The expected decline in earnings and revenue is likely to negatively impact investor sentiment in the short term, leading to potential downward pressure on the stock price. The recent drop in share price and the mixed analyst ratings add to the uncertainty.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100