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Synnex (SNX) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, Synnex (SNX - Free Report) closed at $100.39, marking a -1.46% move from the previous day. This move lagged the S&P 500's daily loss of 0.35%. Meanwhile, the Dow lost 0.4%, and the Nasdaq, a tech-heavy index, lost 0.39%.
Coming into today, shares of the high-tech contractor had gained 11.96% in the past month. In that same time, the Computer and Technology sector gained 5.75%, while the S&P 500 gained 4.48%.
SNX will be looking to display strength as it nears its next earnings release. In that report, analysts expect SNX to post earnings of $2.73 per share. This would mark year-over-year growth of 27.57%. Meanwhile, our latest consensus estimate is calling for revenue of $5.29 billion, up 16.12% from the prior-year quarter.
SNX's full-year Zacks Consensus Estimates are calling for earnings of $11.81 per share and revenue of $21.86 billion. These results would represent year-over-year changes of +8.45% and +9%, respectively.
Investors should also note any recent changes to analyst estimates for SNX. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. SNX currently has a Zacks Rank of #1 (Strong Buy).
Investors should also note SNX's current valuation metrics, including its Forward P/E ratio of 8.63. For comparison, its industry has an average Forward P/E of 29.44, which means SNX is trading at a discount to the group.
The Business - Software Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 29, which puts it in the top 12% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Synnex (SNX) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Synnex (SNX - Free Report) closed at $100.39, marking a -1.46% move from the previous day. This move lagged the S&P 500's daily loss of 0.35%. Meanwhile, the Dow lost 0.4%, and the Nasdaq, a tech-heavy index, lost 0.39%.
Coming into today, shares of the high-tech contractor had gained 11.96% in the past month. In that same time, the Computer and Technology sector gained 5.75%, while the S&P 500 gained 4.48%.
SNX will be looking to display strength as it nears its next earnings release. In that report, analysts expect SNX to post earnings of $2.73 per share. This would mark year-over-year growth of 27.57%. Meanwhile, our latest consensus estimate is calling for revenue of $5.29 billion, up 16.12% from the prior-year quarter.
SNX's full-year Zacks Consensus Estimates are calling for earnings of $11.81 per share and revenue of $21.86 billion. These results would represent year-over-year changes of +8.45% and +9%, respectively.
Investors should also note any recent changes to analyst estimates for SNX. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. SNX currently has a Zacks Rank of #1 (Strong Buy).
Investors should also note SNX's current valuation metrics, including its Forward P/E ratio of 8.63. For comparison, its industry has an average Forward P/E of 29.44, which means SNX is trading at a discount to the group.
The Business - Software Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 29, which puts it in the top 12% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.