Read/Post Comments (0) | Recommended this article (0)
Please login to Zacks.com or register to post a comment.
Zacks' 7 Best Stocks
for June, 2013
FREE Report for Zacks.com
Visitors Only
Visitors Only
They're hand-picked from the list of Zacks Rank #1 Strong Buys. Our experts predict that their prices will jump the soonest.
Today, you can see them free.
- Latest News
- Most Popular
- What is the Stock Market's Achilles Heel?
- 3 Dividend Stocks at Reasonable Prices
- RTI: Are You Doing the Elon Musk Trade?
- Buy These ETFs to Profit from "Sector Rotation"
- Oil & Gas Industry Stock Outlook - May 2013
- Uncharted Territory
- 4 Ways to Short Oil with ETFs
- Options Strategies & the Zacks Rank
- This Week's Growth & Income Stocks
- AWS 5/17: The Fed: The Only Game in Town
- PFP 5/17: The ONLY Investment Story
Recent Quotes
| No Recent Quote currently available |
My Portfolio
|
My Portfolio Tracker One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts. Set yours up today. |
More Zacks Resources
Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.
Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.
Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.
My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.
Zacks #1 Stocks on the Move 05/17/2013
| Company Name | Symbol | %Change |
|---|---|---|
| VIASAT INC | VSAT | 19.35% |
| OLD SECOND B | OSBC | 5.76% |
| GAMCO INVEST | GBL | 4.61% |
| CORNING INC | GLW | 4.47% |
| SYNCHRONOSS | SNCR | 4.23% |
Quick Links
Resources
Client Support
Zacks Research is Reported On:
Zacks Investment Research
is an A+ Rated BBB
Accredited Business.
Copyright 2013 Zacks Investment Research
At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1986 it has nearly tripled the S&P 500 with an average gain of +26% per year. These returns cover a period from 1986-2011 and were examined and attested by Baker Tilly, an independent accounting firm.
Visit performance for information about the performance numbers displayed above.
NYSE and AMEX data is at least 20 minutes delayed. NASDAQ data is at least 15 minutes delayed.
This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext. 9339.
Sysco Corporation ( SYY - Snapshot Report ) , a global leader in selling, marketing and distribution of food products, is set to unveil its fourth quarter and fiscal 2012 results on August 13, 2012, before the market opens. The Zacks Consensus Estimate for fourth quarter earnings is 54 cents per share on revenues of $11 billion. The Zacks Consensus Estimate for fiscal 2012 earnings is $1.93 per share on revenues of $42 billion.
Third Quarter 2012 Recap
Sysco delivered third-quarter 2012 earnings of 49 cents per share, which exceeded the Zacks Consensus Estimate by 17% on a better-than-expected top-line performance. Reported earnings barely beat the prior-year earnings by 2%.
Sysco's sales increased 7.6% on a year-over-year basis to $10.5 billion in the third-quarter of 2012. Acquisitions added 0.7% to sales growth, while unfavorable currency translation adversely impacted sales by 0.2%. Sales inched past the Zacks Consensus Estimate of $10.47 billion on better volumes.
For further details please read: Sysco Beats Estimates
Agreement of Estimate Revisions
None of the 9 estimates for Sysco’s fourth quarter 2012 earnings were revised in the last 7 days. Over the last 30 days, only 1 out of the 9 estimates moved in the downward direction.
For the full year 2012, none of the 11 estimates were revised in the last 7 days. Over the last 30 days, 1 out of the 11 estimates for full-year 2012 moved in the downward direction.
The downward movements of the estimates were prompted by increased food costs, which is likely to hurt margins in the near future.
Magnitude of Estimate Revisions
The Zacks Consensus Estimate for the fourth quarter of fiscal 2012 remained static at 54 cents over the last 7 days. However, over the last 30 days, the estimate for the fourth quarter declined by a penny from 55 cents.
The Zacks Consensus Estimate for fiscal 2012 has remained static at $1.93 per share in the last 7 days. However, the estimate has declined by a penny from $1.94 in the last 30 days.
Surprise History
Sysco Corporation surpassed the Zacks Consensus Estimate in all the last three quarters. The company results were in line with the Zacks Consensus Estimate in the fourth quarter of fiscal 2011. The earnings surprise ranges from 0.00% to 16.67%, with the average earnings surprise being 9.00% in the trailing four quarters.
Our Recommendation
Currently, we have a Neutral recommendation on Sysco Corporation. The stock carries a Zacks #4 Rank (a short-term Sell rating).
We appreciate the company’s strategy of growth through acquisitions and its efforts to reduce cost and improve efficiency. However, we are concerned about rising costs due to fuel price hikes and other inputs, which in turn hurt margins.
Read the full Snapshot Report on SYY