Shares of TD Synnex (SNX) jumped over 6% in intraday trading Tuesday after the IT services provider posted fiscal second-quarter results above analysts' expectations.
Beyond analysts' top -and-bottom-line estimates for TD SYNNEX (SNX), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended May 2025.
TD SYNNEX (SNX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Explore TD SYNNEX's (SNX) international revenue trends and how these numbers impact Wall Street's forecasts and what's ahead for the stock.
I am downgrading TD Synnex Corp. from buy to hold due to weak 1Q25 results and disappointing Hyve performance, impacting near-term growth outlook. SNX's 1Q25 adj. gross billings grew 7.5% y/y, but revenue and net earnings margins fell short of my FY25 expectations, with adj EPS guidance suggesting further misses. Hyve's underperformance, driven by component shipment delays and demand softness, is a major concern, leading to revenue timing disruptions and investor confidence issues.
SNX's first-quarter fiscal 2025 results show modest revenue growth, but rising expenses and weak guidance trigger a sharp decline in its stock price.
TD SYNNEX Corporation (NYSE:SNX ) Q1 2025 Earnings Conference Call March 27, 2025 9:00 AM ET Company Participants David Jordan - Head, IR Patrick Zammit - CEO Marshall Witt - CFO Conference Call Participants David Vogt - UBS Ruplu Bhattacharya - Bank of America Keith Housum - Northcoast Research Adam Tindle - Raymond James Joseph Cardoso - JPMorgan Michael Ng - Goldman Sachs Ananda Baruah - Loop Capital George Wang - Barclays David Paige - RBC Capital Markets Vincent Colicchio - Barrington Research Operator Good morning. My name is Kate, and I will be your conference operator today.
U.S. stocks traded lower midway through trading, with the Dow Jones index falling around 90 points on Thursday.
TD Synnex (SNX) shares sank 17% Thursday when the distributor of IT products posted worse-than-expected results and guidance as some of its expenses grew.
Although the revenue and EPS for TD SYNNEX (SNX) give a sense of how its business performed in the quarter ended February 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
TD SYNNEX (SNX) came out with quarterly earnings of $2.80 per share, missing the Zacks Consensus Estimate of $2.87 per share. This compares to earnings of $2.99 per share a year ago.
TD Synnex posted higher revenue in its latest quarter but that and other key metrics along with its outlook for the second quarter came up short of Wall Street's estimates, sending shares lower.