Sysco Scheduled to Announce Q2 Earnings on January 27
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3h ago
0mins
Source: seekingalpha
- Earnings Announcement: Sysco is set to release its Q2 earnings on January 27 before market open, with consensus EPS estimates at $0.98, reflecting a 5.4% year-over-year increase, which could positively influence the stock price.
- Revenue Expectations: The anticipated revenue for Q2 is $20.78 billion, representing a 3.1% year-over-year growth, indicating the company's resilience in a stable market despite modest growth rates.
- Historical Performance Review: Over the past two years, Sysco has exceeded EPS estimates 75% of the time and revenue estimates 63% of the time, suggesting that the company typically surpasses market expectations, thereby boosting investor confidence.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen 6 upward revisions and 8 downward revisions, while revenue estimates experienced 5 upward and 8 downward revisions, reflecting analysts' mixed and cautious outlook on the company's future performance.
Analyst Views on SYY
Wall Street analysts forecast SYY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SYY is 87.56 USD with a low forecast of 80.00 USD and a high forecast of 98.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
5 Buy
5 Hold
0 Sell
Moderate Buy
Current: 76.210
Low
80.00
Averages
87.56
High
98.00
Current: 76.210
Low
80.00
Averages
87.56
High
98.00
About SYY
Sysco Corporation is engaged in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. It also supplies a variety of non-food items. Its segments include U.S. Foodservice Operations, International Foodservice Operations, SYGMA and Other. U.S. Foodservice Operations segment includes United States Broadline operations and United States Specialty operations. International Foodservice Operations include operations outside of the United States. SYGMA segment includes its United States customized distribution operations serving quick-service chain restaurant customer locations. Other segment includes primarily its hotel supply operations, Guest Worldwide. It distributes various products, such as frozen foods, fresh meats and seafood, dairy products, beverage products, imported specialties, and fresh produce. It operates around 340 distribution facilities worldwide.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
