SYNNEX (SNX) Set to Announce Earnings on Wednesday
SYNNEX (NYSE:SNX) will be releasing its Q214 earnings data on Wednesday, July 2nd. Analysts expect SYNNEX to post earnings of $1.36 per share and revenue of $3.17 billion for the quarter. SYNNEX has set its Q2 guidance at $1.34-1.38 EPS.Investors that wish to listen to the company’s conference call can do so using this link.
SYNNEX (NYSE:SNX) last announced its earnings results on Thursday, April 3rd. The company reported $1.25 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.19 by $1.06. The company had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $2.77 million. During the same quarter in the prior year, the company posted $0.88 earnings per share. The company’s quarterly revenue was up 23.0% on a year-over-year basis. On average, analysts expect SYNNEX to post $5.88 EPS for the current fiscal year and $6.54 EPS for the next fiscal year.
Shares of SYNNEX (NYSE:SNX) opened at 72.85 on Tuesday. SYNNEX has a 52 week low of $42.51 and a 52 week high of $79.44. The stock has a 50-day moving average of $66.75 and a 200-day moving average of $63.70. The company has a market cap of $2.812 billion and a price-to-earnings ratio of 22.61.
SNX has been the subject of a number of recent research reports. Analysts at Credit Agricole upgraded shares of SYNNEX from an “outperform” rating to a “buy” rating in a research note on Wednesday, May 21st. On a related note, analysts at Cross Research upgraded shares of SYNNEX from a “hold” rating to a “buy” rating in a research note on Monday, May 19th. They now have a $81.00 price target on the stock. Finally, analysts at Needham & Company LLC upgraded shares of SYNNEX from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. They now have a $79.00 price target on the stock. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. SYNNEX presently has a consensus rating of “Buy” and a consensus price target of $76.99.
Synnex Corporation is a business process services company. The Company provides services to resellers, retailers and original equipment manufacturers (NYSE:SNX), in multiple regions around the world.