TD Synnex Likely To Report Lower Q4 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

TD SYNNEX Corporation SNX is projected to release financial results for the fourth quarter of fiscal 2023, before the opening bell on Jan. 9, 2024.

Analysts expect the company to post quarterly earnings at $2.68 per share, down from year-ago earnings of $3.44 per share. The company’s revenue might come in at $14.48 billion for the latest quarter, compared to $16.25 billion in the year-earlier quarter, according to data from Benzinga Pro.

TD SYNNEX announced the upcoming retirement of Duane Zitzner from its Board of Directors. TD Synnex division Shyft Global Services recently disclosed the acquisition of technology lifecycle service provider Cokeva, Inc. for an undisclosed amount.

TD SYNNEX shares fell 0.8% to close at $104.60 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• UBS analyst David Vogt initiated coverage on the stock with a Neutral rating and a price target of $105 on Nov. 22, 2023. This analyst has an accuracy rate of 77%.
• RBC Capital analyst Ashish Sabadra reiterated a Sector Perform rating with a price target of $97 on Sept. 27, 2023. This analyst has an accuracy rate of 67%.
• Barclays analyst Tim Long maintained an Equal-Weight rating and increased the price target from $98 to $99 on Sept. 27, 2023. This analyst has an accuracy rate of 71%.
• Stifel analyst Matthew Sheerin maintained a Buy rating and raised the price target from $110 to $120 on Sept. 19, 2023. This analyst has an accuracy rate of 73%.
• Loop Capital analyst Ananda Baruah maintained a Buy rating and cut the price target from $150 to $120 on July 5, 2023. This analyst has an accuracy rate of 73%.

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