Earnings Preview: TD Synnex
Portfolio Pulse from Benzinga Insights
TD Synnex (NYSE:SNX) is scheduled to release its quarterly earnings report on March 26, 2024, with an expected EPS of $2.84. Historically, the company has shown a mixed reaction to earnings reports, with share price movements ranging from -2.0% to 3.0% following the announcement. Shares are currently trading at $105.44, marking a 14.2% increase over the last 52 weeks. Investors are looking for an earnings beat and positive guidance for the next quarter.
March 25, 2024 | 2:01 pm
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TD Synnex is expected to report an EPS of $2.84 for the upcoming quarter. Historical data shows variable stock price reactions post-earnings, with a recent 14.2% YTD increase in share price.
Given TD Synnex's history of beating EPS estimates and the positive trend in its share price over the last year, there is a potential for a positive short-term impact on SNX's stock price, especially if the company beats the EPS estimate again and provides favorable guidance for the future.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100