Sysco Corporation (NYSE:SYY) is set to announce first quarter earning results on Tuesday 3rd November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, SYY to report 1Q21 income of $ 0.24 per share.
For the full year, analysts anticipate top line of $ 52019.50 million, while looking forward to income of $ 1.76 per share bottom line.
Previous Quarter Performance
Sysco Corporation disclosed loss for the fourth quarter of $ 0.29 per share, from the revenue of $ 8,867.00 million. The quarterly revenues dropped 42.70 percent compared with the same quarter last year. Street analysts expected Sysco Corporation to report loss of $ 0.30 per share on revenue of $ 9522.81 million for the fourth quarter. The bottom line results beat street analysts by $ 0.01 or 3.33 percent, at the same time, top line results fell short of analysts by $ 655.81 million or 6.89 percent.
Stock Performance
Shares of Sysco Corporation traded up $ 1.78 or 3.22 percent on Monday, reaching $ 57.09 with volume of 3.57 million shares. Sysco Corporation has traded high as $ 57.46 and has cracked $ 55.28 on the downward trend
The closing price of $ 57.09, representing a 112.73 % increase from the 52 week low of $ 26.00 and a 35.67 % decrease over the 52 week high of $ 85.98.
The company has a market capital of $ 29.06 billion and is part of the Consumer Defensive sector and Food Distribution industry.
Recent Analyst recommendations
- On 29th September 2020, initiated by Morgan Stanley at Equal-Weight rating, with $ 66.00 target price.
- On 23rd September 2020, initiated by Wolfe Research at Peer Perform rating.
- On 21st September 2020, maintained by Credit Suisse Group at Outperform rating, with $ 76.00 target price.
- On 10th September 2020, upgraded by Edward Jones to Buy from Hold rating.
Conference Call
Sysco Corporation will be hosting a conference call at 10:00 AM eastern time on 3rd November 2020, to discuss its 1Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.sysco.com
Sysco Corporation, through its subsidiaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry. It operates through three segments: U.S. Foodservice Operations, International Foodservice Operations, and SYGMA.
