TD SynnexSNX stock rose by 1.75% on Wednesday after the company reported its Q3 earnings results on Tuesday, September 28, 2021 at 08:00 AM.
Here's what investors need to know about the announcement.
Earnings
TD Synnex beat their estimated earnings by 3.38%, which did not surprise analysts.
Revenue was up $1,258,000,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.16, which was followed by a 0.36% increase in the share price the next day.
Here's a look at TD Synnex's past performance and the resulting price change:
Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
---|---|---|---|---|---|
EPS Estimate | 2.07 | 1.93 | 1.69 | 2.89 | |
EPS Actual | 2.14 | 2.09 | 1.89 | 5.21 | 3.33 |
Price Change % | 1.75% | 0.36% | -0.85% | 0.62% | 5.82% |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
TD Synnex management provided guidance for their next quarter, expecting earnings between $2.5 and $2.8 per share for the nextquarter.
This presents a 23.83% in quarter-over-quarter growth for TD Synnex, a bullish signal to many investors.
To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.
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