Gear Up for TD SYNNEX (SNX) Q2 Earnings: Wall Street Estimates for Key Metrics

Wall Street analysts expect TD SYNNEX (SNX) to post quarterly earnings of $4.07 per share in its upcoming report, which indicates a year-over-year increase of 36.1%. Revenues are expected to be $16.74 billion, up 12% from the year-ago quarter.The consensus EPS estimate for the quarter has undergone an upward revision of 1.9% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements 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.That said, let's delve into the average estimates of some TD SYNNEX metrics that Wall Street analysts commonly model and monitor.Based on the collective assessment of analysts, 'Revenue- Americas' should arrive at $7.59 billion. The estimate indicates a change of -15.8% from the prior-year quarter.Analysts predict that the 'Revenue- Europe' will reach $6.04 billion. The estimate suggests a change of +23.5% year over year.According to the collective judgment of analysts, 'Revenue- Asia-Pacific and Japan (APJ)' should come in at $957.64 million. The estimate points to a change of -8.6% from the year-ago quarter. View all Key Company Metrics for TD SYNNEX here>>> Shares of TD SYNNEX have demonstrated returns of +23.3% over the past month compared to the Zacks S&P 500 composite's +1.4% change. With a Zacks Rank #3 (Hold), SNX is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.Free: See Our Top Stock And 4 Runners UpThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks