TD SYNNEX Corporation reports results for the quarter ended August 31 - Earnings Summary

• TD SYNNEX Corporation SNX.N reported quarterly adjusted earnings of $4.85​​ per share for the quarter ended August 31, higher than the same quarter last year, when the company reported EPS of $3.58. The mean expectation of twelve analysts for the quarter was for earnings of $4.70 per share. Wall Street expected results to range from $4.50 to $4.98 per share.

• Revenue rose 44.2% to $21.56 billion from a year ago; analysts expected $18.97 billion.

• TD SYNNEX Corporation's reported EPS for the quarter was $4.15​.

• The company reported quarterly net income of $416.24 million.

• TD SYNNEX Corporation shares had risen by 7.7% this quarter and gained 91.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 9.9% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the computer hardware peer group is also "buy"

• Wall Street's median 12-month price target for TD SYNNEX Corporation is $330.00, about 12.8% above its last closing price of $287.89

This summary was machine generated from LSEG data September 24 at 02:07 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)