Sysco Corp. (SYY - Free Report) markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry. The company recently came out with its first-quarter fiscal 2018 results wherein earnings of 74 cents came ahead of the Zacks Consensus Estimate by a cent and also increased 10.4% from the prior-year quarter.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2018 has increased by a cent in the last 30 days. In the trailing four quarters, excluding the quarter under review, the company outperformed the Zacks Consensus Estimate by an average of 5.6%.
Revenues: Sysco generated total sales of $14,650 million that increased 4.9% year over year and came ahead of the Zacks Consensus Estimate of $14,457 million.
Sysco Corporation Price, Consensus and EPS Surprise
Zacks Rank: Currently, Sysco carries a Zacks Rank #2 (Buy) which is subject to change following the earnings announcement.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here
Check back later for our full write up on Sysco’s earnings report!
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>