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Synnex (NYSE:SNX) releases its next round of earnings this Tuesday, September 24. Get the latest predictions in Benzinga's essential guide to the company's Q3 earnings report.
Earnings and Revenue
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Wall Street expects EPS of $2.86 and sales around $5.69 billion.
In the same quarter last year, Synnex reported EPS of $2.57 on revenue of $4.91 billion. The analyst consensus estimate would represent a 11.28% increase in the company's earnings. Sales would be up 15.96% from the year-ago period. Here's how the Synnex's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q2 2019 | Q1 2019 | Q4 2018 | Q3 2018 |
| EPS Estimate | 2.710 | 2.74 | 3.09 | 2.46 |
| EPS Actual | 2.860 | 2.84 | 3.65 | 2.57 |
Stock Performance
Over the last 52-week period, shares are up 3.78%. Given that these returns are generally positive, long-term shareholders can relax going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.
Analyst estimates are adjusted higher for EPS and revenues over the past 90 days. The average rating by analysts on Synnex stock is a Neutral. The validity of this rating has maintained conviction over the past 90 days.
Conference Call
Don't be surprised to see the stock move on comments made during its conference call. Synnex is scheduled to hold the call at 5:00 p.m. ET and 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.