SYNNEX Earnings Preview
SYNNEX (NYS: SNX) will try to beat its earnings estimates for the fifth consecutive quarter. The company will unveil its latest earnings on Tuesday. SYNNEX is a business process services company offering a comprehensive range of services to original equipment manufacturers, software publishers, reseller customers, and retail customers worldwide.
What analysts say:
- Buy, sell, or hold?: Analysts strongly back SYNNEX, with five of seven rating it a buy and the remainder rating it a hold. Analysts don't like SYNNEX as much as competitor Arrow Electronics overall. While analysts still rate the stock a moderate buy, they are a little more optimistic about it compared to three months ago.
- Revenue forecasts: On average, analysts predict $2.54 billion in revenue this quarter. That would represent a rise of 1.6% from the year-ago quarter.
- Wall Street earnings expectations: The average analyst estimate is earnings of $0.91 per share. Estimates range from $0.90 to $0.95.
What our community says:
CAPS All-Stars are enthusiastically backing the stock, with 96.7% assigning it an outperform rating. The greater community backs the All-Stars, as 92.1% give it a rating of outperform. SYNNEX has a bullish CAPS rating of five out of five stars that is about on par with the Fool community assessment.
SYNNEX's profit has risen year-over-year by an average of 18% over the past five quarters.
One final thing: If you want to keep tabs on SYNNEX movements, and for more analysis on the company, make sure you add it to your watchlist.
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At the time this article was published
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