SNX Earnings Prediction
The chart below shows how SNX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, SNX sees a -1.08% change in stock price 10 days leading up to the earnings, and a +1.40% change 10 days following the report. On the earnings day itself, the stock moves by -0.37%. This data can give you a slight idea of what to expect for the next quarter's release.
SNX Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
15.84B
9.98%
7.90%
Gross Margin
6.57%
-7.07%
0.46%
Operating Margin
2.06%
-10.82%
-0.48%
Net Margin
1.23%
-5.38%
0.82%
EPS
2.29
11.17%
10.10%
No Data Available
SNX Earnings Analysis
TD Synnex Corp Corporation (SNX.N) Earnings Conference Call
Positive
Revenue and Billings Growth: Revenue grew by 10% year over year, and gross billings grew by 7%.
Free Cash Flow Achievement: We generated free cash flow of $513 million in Q4, meeting our target of $1 billion for the full year, demonstrating our commitment to delivering.
Cash Flow Return Strategy: We returned 72% of our free cash flow in buybacks and dividends during fiscal year 2024.
Endpoint Solutions Growth: Gross billings in endpoint solutions grew by 3% year over year, led by strength in PCs.
Geographic Segment Strength: Advanced solutions, excluding Hive, showed broad strength across our geographic segments.
Negative
Disappointing Revenue Growth: Revenue growth was only 10% year over year, which is lower than previous expectations.
Gross Billings Increase: Gross billings increased by 7.4%, but this was below the mid-point of guidance range.
Free Cash Flow Performance: Free cash flow for the full year was $1 billion, which was below the target of $1.5 billion.
Operating Income Decline: Operating income showed a decline of 25 basis points year over year, indicating pressure on margins.
Decreased Net Working Capital: Net working capital decreased by $312 million from Q3, reflecting potential liquidity issues.
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SNX Earning Call Sentiment
TD SYNNEX Corporation (SNX) Q4 2024 Earnings Call Transcript
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SNX.N
-1.14%Positive
The earnings call revealed strong financial performance with revenue and earnings exceeding guidance, a 10% dividend increase, and significant share repurchases. Despite some macroeconomic uncertainties and supply chain challenges, management's focus on profitable growth, particularly in strategic technologies like AI, and positive outlook on IT market recovery are promising. The Q&A session showed cautious optimism about growth in Europe and the PC market. Overall, the positive financial results, optimistic guidance, and shareholder returns suggest a positive stock price movement in the near term.
