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Tech Data (NASDAQ:TECD) will be releasing its next round of earnings this Thursday, May 30. For all of the relevant information, here is your guide for Thursday's Q1 earnings announcement.
Earnings and Revenue
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Analysts covering Tech Data modeled for quarterly EPS of $1.97 on revenue of $8.46 billion.
Tech Data reported a per-share profit of $1.84 when it published results during the same quarter last year. Sales in that period totaled $8.55 billion. If the company were to match the consensus estimate, earnings would be up 7.07 percent. Revenue would be down 1.03 percent from the year-ago period. Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q4 2019 | Q3 2019 | Q2 2019 | Q1 2019 | Q4 2018 |
| EPS Estimate | 4.05 | 2.17 | 2.11 | 1.46 | 3.46 |
| EPS Actual | 4.55 | 3.02 | 2.01 | 1.84 | 3.5 |
Stock Performance
Over the last 52-week period, shares of Tech Data are up 14.51 percent. Over the past 90 days, analysts have adjusted their estimates higher for EPS and revenues. The most common rating by analysts on Tech Data stock is a Neutral. The strength of this rating has maintained conviction over the past three months.
Conference Call
Tech Data is scheduled to hold a conference call at 9:00 a.m. ET and it can be accessed here.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.