Preview of TD SYNNEX (SNX) Q3 Earnings: Key Points to Watch

to watch for. In the previous quarter, TD SYNNEX exceeded analysts’ revenue projections by 4.4%, posting revenues of $14.95 billion, a 7.2% increase year over year. The company had a solid quarter, surpassing analysts’ EPS estimates and narrowly beating EPS guidance for the next quarter. What should investors consider about TD SYNNEX before the earnings report?

Analysts are predicting a 2.9% year-on-year revenue growth for TD SYNNEX this quarter, reaching $15.12 billion, a slowdown from the 5.2% growth seen in the same period last year. The expected adjusted earnings are $3.05 per share. Over the past 30 days, most analysts covering the company have maintained their estimates, indicating their confidence in TD SYNNEX’s performance leading up to the earnings report. TD SYNNEX has fallen short of Wall Street’s revenue expectations on four occasions in the last two years.

As the first among its competitors to report earnings this season, TD SYNNEX is a key indicator for the performance of tech hardware and electronics stocks in the upcoming quarter. Despite this, positive investor sentiment in the sector has seen average share prices increase by 4.6% in the last month. TD SYNNEX itself has experienced a 2.3% rise in share price during the same period and is entering the earnings season with an average analyst price target of $158.27, compared to the current share price of $152.

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