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Curious about Sysco (SYY) Q2 Performance? Explore Wall Street Estimates for Key Metrics
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The upcoming report from Sysco (SYY - Free Report) is expected to reveal quarterly earnings of $0.97 per share, indicating an increase of 4.3% compared to the year-ago period. Analysts forecast revenues of $20.81 billion, representing an increase of 3.3% year over year.
The consensus EPS estimate for the quarter has been revised 0.4% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
In light of this perspective, let's dive into the average estimates of certain Sysco metrics that are commonly tracked and forecasted by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Sales- Other' of $261.69 million. The estimate indicates a year-over-year change of -0.5%.
According to the collective judgment of analysts, 'Sales- SYGMA' should come in at $2.16 billion. The estimate points to a change of +2.2% from the year-ago quarter.
Analysts' assessment points toward 'Sales- International Foodservice Operations' reaching $3.86 billion. The estimate points to a change of +3.6% from the year-ago quarter.
Analysts predict that the 'Sales- U.S. Foodservice Operations' will reach $14.48 billion. The estimate points to a change of +3.1% from the year-ago quarter.
It is projected by analysts that the 'Operating income (GAAP)- Other' will reach $3.57 million. Compared to the current estimate, the company reported $4.00 million in the same quarter of the previous year.
The consensus estimate for 'Operating income (GAAP)- SYGMA' stands at $23.01 million. The estimate compares to the year-ago value of $19.00 million.
The consensus among analysts is that 'Gross Profit- Other' will reach $65.11 million. The estimate is in contrast to the year-ago figure of $65.00 million.
The combined assessment of analysts suggests that 'Gross Profit- SYGMA' will likely reach $168.02 million. Compared to the present estimate, the company reported $163.00 million in the same quarter last year.
Analysts forecast 'Operating income adjusted for certain items (Non-GAAP)- International Foodservice Operations' to reach $144.05 million. Compared to the current estimate, the company reported $129.00 million in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Operating income adjusted for Certain Items (Non-GAAP)- U.S. Foodservice Operations' should arrive at $866.71 million. The estimate compares to the year-ago value of $859.00 million.
The average prediction of analysts places 'Gross Profit- International Foodservice Operations' at $799.82 million. The estimate compares to the year-ago value of $760.00 million.
Analysts expect 'Gross Profit- U.S. Foodservice Operations' to come in at $2.74 billion. Compared to the current estimate, the company reported $2.65 billion in the same quarter of the previous year.
Over the past month, Sysco shares have recorded returns of +3.6% versus the Zacks S&P 500 composite's +0.7% change. Based on its Zacks Rank #3 (Hold), SYY will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Curious about Sysco (SYY) Q2 Performance? Explore Wall Street Estimates for Key Metrics
The upcoming report from Sysco (SYY - Free Report) is expected to reveal quarterly earnings of $0.97 per share, indicating an increase of 4.3% compared to the year-ago period. Analysts forecast revenues of $20.81 billion, representing an increase of 3.3% year over year.
The consensus EPS estimate for the quarter has been revised 0.4% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
In light of this perspective, let's dive into the average estimates of certain Sysco metrics that are commonly tracked and forecasted by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Sales- Other' of $261.69 million. The estimate indicates a year-over-year change of -0.5%.
According to the collective judgment of analysts, 'Sales- SYGMA' should come in at $2.16 billion. The estimate points to a change of +2.2% from the year-ago quarter.
Analysts' assessment points toward 'Sales- International Foodservice Operations' reaching $3.86 billion. The estimate points to a change of +3.6% from the year-ago quarter.
Analysts predict that the 'Sales- U.S. Foodservice Operations' will reach $14.48 billion. The estimate points to a change of +3.1% from the year-ago quarter.
It is projected by analysts that the 'Operating income (GAAP)- Other' will reach $3.57 million. Compared to the current estimate, the company reported $4.00 million in the same quarter of the previous year.
The consensus estimate for 'Operating income (GAAP)- SYGMA' stands at $23.01 million. The estimate compares to the year-ago value of $19.00 million.
The consensus among analysts is that 'Gross Profit- Other' will reach $65.11 million. The estimate is in contrast to the year-ago figure of $65.00 million.
The combined assessment of analysts suggests that 'Gross Profit- SYGMA' will likely reach $168.02 million. Compared to the present estimate, the company reported $163.00 million in the same quarter last year.
Analysts forecast 'Operating income adjusted for certain items (Non-GAAP)- International Foodservice Operations' to reach $144.05 million. Compared to the current estimate, the company reported $129.00 million in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Operating income adjusted for Certain Items (Non-GAAP)- U.S. Foodservice Operations' should arrive at $866.71 million. The estimate compares to the year-ago value of $859.00 million.
The average prediction of analysts places 'Gross Profit- International Foodservice Operations' at $799.82 million. The estimate compares to the year-ago value of $760.00 million.
Analysts expect 'Gross Profit- U.S. Foodservice Operations' to come in at $2.74 billion. Compared to the current estimate, the company reported $2.65 billion in the same quarter of the previous year.
View all Key Company Metrics for Sysco here>>>Over the past month, Sysco shares have recorded returns of +3.6% versus the Zacks S&P 500 composite's +0.7% change. Based on its Zacks Rank #3 (Hold), SYY will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .