SYNNEX Earnings Preview
Watch SYNNEX's (NYS: SNX) earnings report to see if it can beat analyst expectations 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 seven of eight rating it a buy and the remainder rating it a hold. Analysts still rate the stock a moderate buy, but they are a bit more wary about it compared to three months ago.
- Revenue forecasts: On average, analysts predict $2.82 billion in revenue this quarter. That would represent a rise of 14.2% from the year-ago quarter.
- Wall Street earnings expectations: The average analyst estimate is earnings of $1.13 per share. Estimates range from $1.12 to $1.15.
What our community says:
CAPS All-Stars are solidly behind the stock with 94.1% granting it an outperform rating. The community at large concurs with the All-Stars with 92.7% assigning it a rating of outperform. Fools have embraced SYNNEX, though the message boards have been quiet lately with only 36 posts in the past 30 days. 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 15.6% 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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