Market Overview

Earnings Outlook for Sysco

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On Tuesday, August 11, Sysco (NYSE: SYY) will release its latest earnings report. Decipher the announcement with Benzinga's help.

Earnings and Revenue

Sysco's EPS will be near $-0.3 on sales of $9.52 billion, according to Wall Street analysts. Sysco reported a profit of $1.1 per share when it published results during the same quarter last year. Sales in that period totaled $15.47 billion. If the company were to match the consensus estimate, earnings would be down 127.27%. Sysco's reported EPS has stacked up against analyst estimates in the past like this:

Quarter Q3 2020 Q2 2020 Q1 2019 Q4 2019
EPS Estimate 0.60 0.84 0.97 1.06
EPS Actual 0.45 0.85 0.98 1.10
Revenue Estimate 14.09 B 15.10 B 15.50 B 15.65 B
Revenue Actual 13.70 B 15.03 B 15.30 B 15.47 B

Stock Performance

Shares of Sysco were trading at $57.81 as of August 10. Over the last 52-week period, shares are down 19.41%. Given that these returns are generally negative, long-term shareholders are probably down going into this earnings release.

Don't be surprised to see the stock move on comments made during its conference call. Sysco is scheduled to hold the call at 10:00:00 ET and can be accessed here: https://78449.choruscall.com/dataconf/productusers/sysco/mediaframe/39741/indexr.html

 

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Posted-In: Earnings