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TD Synnex(NYSE:SNX) stock rose by 1.75% on Wednesday after the company reported its Q3 earnings results on Tuesday, September 28, 2021 at 08:00 AM.
Here's what investors need to know about the announcement.
Earnings
TD Synnex beat their estimated earnings by 3.38%, which did not surprise analysts.
Revenue was up $1,258,000,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.16, which was followed by a 0.36% increase in the share price the next day.
Here's a look at TD Synnex's past performance and the resulting price change:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
|---|---|---|---|---|---|
| EPS Estimate | 2.07 | 1.93 | 1.69 | 2.89 | |
| EPS Actual | 2.14 | 2.09 | 1.89 | 5.21 | 3.33 |
| Price Change % | 1.75% | 0.36% | -0.85% | 0.62% | 5.82% |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
TD Synnex management provided guidance for their next quarter, expecting earnings between $2.5 and $2.8 per share for the nextquarter.
This presents a 23.83% in quarter-over-quarter growth for TD Synnex, a bullish signal to many investors.
To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.
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.
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