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Wall Street's Insights Into Key Metrics Ahead of Sysco (SYY) Q1 Earnings
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In its upcoming report, Sysco (SYY - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $1.17 per share, reflecting an increase of 1.7% compared to the same period last year. Revenues are forecasted to be $22.19 billion, representing a year-over-year increase of 4.9%.
The current level reflects a downward revision of 0.9% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
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 combined assessment of analysts suggests that 'Sales- Other' will likely reach $279.48 million. The estimate points to a change of +2.4% from the year-ago quarter.
According to the collective judgment of analysts, 'Sales- SYGMA' should come in at $2.18 billion. The estimate indicates a change of +2.3% from the prior-year quarter.
Analysts expect 'Sales- International Foodservice Operations' to come in at $4.16 billion. The estimate indicates a change of +5% from the prior-year quarter.
The average prediction of analysts places 'Sales- U.S. Foodservice Operations' at $15.45 billion. The estimate indicates a year-over-year change of +4.6%.
Analysts predict that the 'Operating income (GAAP)- Other' will reach $3.95 million. The estimate is in contrast to the year-ago figure of $4.00 million.
It is projected by analysts that the 'Operating income (GAAP)- SYGMA' will reach $26.21 million. Compared to the present estimate, the company reported $25.00 million in the same quarter last year.
Analysts forecast 'Gross Profit- Other' to reach $69.76 million. The estimate is in contrast to the year-ago figure of $68.00 million.
The consensus among analysts is that 'Gross Profit- SYGMA' will reach $173.32 million. The estimate compares to the year-ago value of $170.00 million.
Analysts' assessment points toward 'Operating income adjusted for certain items (Non-GAAP)- International Foodservice Operations' reaching $141.94 million. The estimate is in contrast to the year-ago figure of $147.00 million.
The collective assessment of analysts points to an estimated 'Operating income adjusted for Certain Items (Non-GAAP)- U.S. Foodservice Operations' of $969.08 million. Compared to the present estimate, the company reported $916.00 million in the same quarter last year.
The consensus estimate for 'Gross Profit- International Foodservice Operations' stands at $863.41 million. Compared to the present estimate, the company reported $826.00 million in the same quarter last year.
Based on the collective assessment of analysts, 'Gross Profit- U.S. Foodservice Operations' should arrive at $2.95 billion. Compared to the present estimate, the company reported $2.82 billion in the same quarter last year.
Over the past month, shares of Sysco have returned +5.4% versus the Zacks S&P 500 composite's +0.9% change. Currently, SYY carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Wall Street's Insights Into Key Metrics Ahead of Sysco (SYY) Q1 Earnings
In its upcoming report, Sysco (SYY - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $1.17 per share, reflecting an increase of 1.7% compared to the same period last year. Revenues are forecasted to be $22.19 billion, representing a year-over-year increase of 4.9%.
The current level reflects a downward revision of 0.9% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
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 combined assessment of analysts suggests that 'Sales- Other' will likely reach $279.48 million. The estimate points to a change of +2.4% from the year-ago quarter.
According to the collective judgment of analysts, 'Sales- SYGMA' should come in at $2.18 billion. The estimate indicates a change of +2.3% from the prior-year quarter.
Analysts expect 'Sales- International Foodservice Operations' to come in at $4.16 billion. The estimate indicates a change of +5% from the prior-year quarter.
The average prediction of analysts places 'Sales- U.S. Foodservice Operations' at $15.45 billion. The estimate indicates a year-over-year change of +4.6%.
Analysts predict that the 'Operating income (GAAP)- Other' will reach $3.95 million. The estimate is in contrast to the year-ago figure of $4.00 million.
It is projected by analysts that the 'Operating income (GAAP)- SYGMA' will reach $26.21 million. Compared to the present estimate, the company reported $25.00 million in the same quarter last year.
Analysts forecast 'Gross Profit- Other' to reach $69.76 million. The estimate is in contrast to the year-ago figure of $68.00 million.
The consensus among analysts is that 'Gross Profit- SYGMA' will reach $173.32 million. The estimate compares to the year-ago value of $170.00 million.
Analysts' assessment points toward 'Operating income adjusted for certain items (Non-GAAP)- International Foodservice Operations' reaching $141.94 million. The estimate is in contrast to the year-ago figure of $147.00 million.
The collective assessment of analysts points to an estimated 'Operating income adjusted for Certain Items (Non-GAAP)- U.S. Foodservice Operations' of $969.08 million. Compared to the present estimate, the company reported $916.00 million in the same quarter last year.
The consensus estimate for 'Gross Profit- International Foodservice Operations' stands at $863.41 million. Compared to the present estimate, the company reported $826.00 million in the same quarter last year.
Based on the collective assessment of analysts, 'Gross Profit- U.S. Foodservice Operations' should arrive at $2.95 billion. Compared to the present estimate, the company reported $2.82 billion in the same quarter last year.
View all Key Company Metrics for Sysco here>>>Over the past month, shares of Sysco have returned +5.4% versus the Zacks S&P 500 composite's +0.9% change. Currently, SYY carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .