TD Synnex Corp reports results for the quarter ended May 31 - Earnings Summary

• TD Synnex Corp SNX reported quarterly adjusted earnings of $2.99​​ per share for the quarter ended May 31, higher than the same quarter last year, when the company reported EPS of $2.73. The mean expectation of eleven analysts for the quarter was for earnings of $2.72 per share. Wall Street expected results to range from $2.57 to $2.87 per share.

• Revenue rose 7.2% to $14.95 billion from a year ago; analysts expected $14.31 billion.

• TD Synnex Corp's reported EPS for the quarter was $2.21​.

• The company reported quarterly net income of $184.92 million.

• TD Synnex Corp shares had risen by 22.7% this quarter and gained 8.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 10.3% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the computer hardware peer group is also "buy"

• Wall Street's median 12-month price target for TD Synnex Corp is $135.96, about 6.1% above its last closing price of $127.60

This summary was machine generated from LSEG data June 24 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)