Sysco expects full-year earnings to be $3.33 to $3.53 per share. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Sysco is the global leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. On the other hand, if they miss, the stock may move lower.While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.Zacks Consensus EstimateThis food distributor is expected to post quarterly earnings of $0.85 per share in its upcoming report, which represents a year-over-year change of +150%.Revenues are expected to be $15.77 billion, up 33.9% from the year-ago quarter.Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.63% lower over the last 30 days to the current level. Sysco posted an EPS of 71 cents in its fiscal fourth quarter, compared to the 60 cents expected . The key to understanding Sysco is that its products across fresh and frozen meats, canned foods, dairy products, fruits and vegetables, beverages, along . Visit Performance Disclosure for information about the performance numbers displayed above. Sysco will be holding an earnings conference call on Tuesday, November 9th at 10:00 AM Eastern. All rights reserved. Sysco Corporation (SYY Quick QuoteSYY - Free Report) is likely to display year-over-year growth in the top line, when it reports first-quarter fiscal 2022 earnings on Nov 9. The company has Price/Earnings To Growth (PEG) ratio of 0.42. This has resulted in an Earnings ESP of +8.24%.On the other hand, the stock currently carries a Zacks Rank of #4.So, this combination makes it difficult to conclusively predict that Sysco will beat the consensus EPS estimate.Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. Earnings per share were up 344.83% over the past year to $0.71 . Analysts surveyed by FactSet had forecast an adjusted profit of 60 cents a share. Our proven model doesn’t conclusively predict an earnings beat for Sysco. Further, the company is focused on improving the supply chain to cater to customers efficiently and consistently, due to better delivery and omnichannel inventory management.Next, Sysco aims at providing customer-oriented merchandising and marketing solutions to augment sales. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. SYSCO Corporation (SYY) is scheduled to report Quarter 3 numbers before the market open on November 9. Sysco (NYSE:SYY) issued an update on its FY22 earnings guidance on Tuesday morning. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. Sysco Corporation (SYY Quick Quote SYY - Free Report) is likely to display year-over-year growth in the top line, when it reports first-quarter fiscal 2022 earnings on Nov 9. Sysco Q4 EPS 29 cents vs. per-share loss $1.22 a year ago MarketWatch. Sysco Corporation (Sysco) is a distributor of food and related products primarily to the foodservice or food-away-from-home industry. The results exceeded Wall Street expectations. For the Sysco Corp forecast (traded under symbol SYY) for one year forward price target at the top of this page, we have presented the average SYY forecast for forward target price across the 7 analysts . Its family of products also includes equipment and supplies for the foodservice and hospitality industries. Stock quotes by finanzen.net. Sysco Stock Analysis Notes About 82.0% of the company shares are owned by institutional investors. Here are some companies you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this season. The median estimate represents a +10.45% increase from the last price of 82.39. Sysco Corp recorded a loss per share of .48.The entity next dividend is scheduled to be issued on the 1st of July 2021. For fiscal 2022, the company continues to project earnings in the range of $3.33 to $3.53 per share. Looking at the company's year-over-year earnings, the past five years showed a negative earnings growth rate of -9.10%. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. Hormel Foods Corporation (HRL) - free report >>, United Natural Foods, Inc. (UNFI) - free report >>, US Foods Holding Corp. (USFD) - free report >>. Disclaimer | Each of the company logos represented herein are trademarks of Microsoft Corporation; Dow Jones & Company; Nasdaq, Inc.; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc. If you do not, click Cancel. For the last reported quarter, Sysco came out with earnings of $0.71 per share versus the Zacks Consensus Estimate of $0.57 per share, representing a surprise of 24.56%. . Sysco Corporation earnings are expected to increase by -87.00% in 2021, but the outlook is positive 28.37% per year for the next five years. Sysco Co. (NYSE:SYY) released its quarterly earnings results on Tuesday, November, 9th. SYY. SYSCO CORPORATION earnings per share revisions and analysts forecast | Nyse: SYY | Nyse Sysco Corporation (Sysco) is a distributor of food and related products primarily to the foodservice or food-away-from-home industry. Delayed quotes by Sungard. Earnings and Revenue Growth Forecasts. The impact of these upsides is likely to have aided in the quarter under review.However, product-cost inflation remains a concern. earnings-and-revenue-growth. 72% of retail CFD accounts lose money, Registration on or use of this site constitutes acceptance of our, Nelson Peltz's Trian cuts Sysco and Procter & Gamble stake, adds stake in Janus Henderson: 13F, Sysco Corporation (SYY) Q1 2022 Earnings Call Transcript, Mid-Afternoon Market Update: Crude Oil Rises Over 2%; Tactile Systems Technology Shares Plummet, Mid-Morning Market Update: Markets Open Lower; Sysco Earnings Miss Views, Sysco Reiterates FY22 EPS Outlook - Quick Facts, Sysco Corp. Q1 adjusted earnings Miss Estimates. Earnings for Sysco are expected to grow by 158.78% in the coming year, from $1.31 to $3.39 per share. Sysco Corporation Q4 2021 Earnings Call Aug 10, 2021, 10:00 a.m. Sysco appears to be expensive according to my price multiple model, which makes a comparison between the company's price-to-earnings ratio and the industry average.
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