Sysco: Q3 Earnings Insights

Sysco SYY reported its Q3 earnings results on Tuesday, May 10, 2022 at 08:00 AM.

Here's what investors need to know about the announcement.

Sysco beat estimated earnings by 29.09%, reporting an EPS of $0.71 versus an estimate of $0.55.

Revenue was up $5.08 billion from the same period last year.

Last quarter the company missed on EPS by $0.14 which was followed by a 0.06% increase in the share price the next day.

Here's a look at Sysco's past performance:

Quarter	Q2 2022	Q1 2022	Q4 2021	Q3 2021
EPS Estimate	0.71	0.86	0.60	0.20
EPS Actual	0.57	0.83	0.71	0.22
Revenue Estimate	16.10B	15.87B	14.23B	12.39B
Revenue Actual	16.32B	16.46B	16.14B	11.82B

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).

Sysco management provided guidance for FY 2022, expecting earnings between $3.16 and $3.26 per share.

To track all earnings releases for Sysco visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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