Earnings Outlook For Sysco

Sysco (NYSE:SYY) is set to give its latest quarterly earnings report on Tuesday, 2024-10-29. Here's what investors need to know before the announcement.

Analysts estimate that Sysco will report an earnings per share (EPS) of $1.13.

The announcement from Sysco is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.

It's worth noting for new investors that guidance can be a key determinant of stock price movements.

Overview of Past Earnings

Last quarter the company beat EPS by $0.01, which was followed by a 0.27% increase in the share price the next day.

Here's a look at Sysco's past performance and the resulting price change:

Quarter

Q4 2024

Q3 2024

Q2 2024

Q1 2024

EPS Estimate

1.38

0.95

0.88

1.04

EPS Actual

1.39

0.96

0.89

1.07

Price Change %

0.0%

-2.0%

0.0%

-1.0%

Market Performance of Sysco's Stock

Shares of Sysco were trading at $73.92 as of October 25. Over the last 52-week period, shares are up 13.01%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Views on Sysco

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Sysco.

A total of 3 analyst ratings have been received for Sysco, with the consensus rating being Outperform. The average one-year price target stands ...