TD SYNNEX (SNX) Reports Earnings Tomorrow: What To Expect
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IT distribution giant TD SYNNEX SNX will be reporting results this Thursday before the bell. Here's what you need to know. TD SYNNEX beat analysts' revenue expectations last quarter, reporting revenues of $19.57 billion, up 31% year on year. It was an incredible quarter for the company, with a beat of analysts' EPS estimates and an impressive beat of analysts' EPS guidance for next quarter estimates. Is TD SYNNEX a buy or sell going into earnings? Read our full analysis here, it's free for active Edge members. This quarter, the market is expecting TD SYNNEX's revenue to grow 21.4% year on year, improving from the 6.6% increase it recorded in the same quarter last year. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. TD SYNNEX rarely misses Wall Street's revenue estimates. With TD SYNNEX being the first among its peers to report earnings this season, we don't have anywhere else to look to get a hint at how this quarter will unfold for tech hardware & electronics stocks. However, investors in the segment have had fairly steady hands going into earnings, with share prices down 1.1% on average over the last month. TD SYNNEX is up 18.2% during the same time. ONE MORE THING: 3 Hidden Platforms Growing 3X Faster than Amazon, Google, and PayPal...
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