- TD SYNNEX reports Q3 Adjusted EPS of $2.86, beating the estimate of $2.80.
- Year-Over-Year (y/y) increase in Adjusted EPS from $2.78.
- Q3 Revenue stands at $14.68 billion, a 5.2% increase y/y, exceeding the estimate of $14.11 billion.
- Adjusted EBITDA for Q3 is $417.9 million, slightly down by 1.3% y/y but above the estimate of $416.3 million.
- Adjusted operating margin is at 2.7%, down from 2.84% y/y and just below the estimate of 2.74%.
- Fourth-quarter adjusted EPS forecasted between $2.80 to $3.30, with an average estimate of $3.22.
- Expected Q4 revenue ranges from $14.9 billion to $15.7 billion, with an estimate of $15.16 billion.
- Analyst ratings: 9 buys, 3 holds, 0 sells.
A look at Synnex Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
SYNNEX Corporation, a provider of information technology supply chain services to global original equipment manufacturers and software publishers, is deemed to have a positive long-term outlook based on the Smartkarma Smart Scores. With a strong Value score of 4 indicating favorable valuation metrics, combined with respectable scores in Dividend, Growth, Resilience, and Momentum areas, SYNNEX Corp appears well-positioned for sustained performance.
The company’s robust Value score signifies attractive pricing relative to its financial performance, while its moderate scores across Dividend, Growth, Resilience, and Momentum factors suggest a balanced approach to stability and potential for future growth. Overall, based on the Smartkarma Smart Scores, SYNNEX Corp presents a promising picture for investors seeking a reliable and potentially rewarding opportunity in the IT supply chain services sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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