
IT distribution giant TD SYNNEX (NYSE: SNX) will be reporting results this Thursday morning. Here’s what to look for.
TD SYNNEX beat analysts’ revenue expectations last quarter, reporting revenues of $17.16 billion, up 18.1% year on year. It was an incredible quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ EPS guidance for next quarter estimates.
Is TD SYNNEX a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting TD SYNNEX’s revenue to grow 12.3% year on year, improving from the 7.2% increase it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. TD SYNNEX has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at TD SYNNEX’s peers in the tech hardware & electronics segment, only Jabil has reported results so far. It exceeded analysts’ revenue estimates, delivering year-on-year sales growth of 11.8%. The stock price was unchanged following the results.
Read our full analysis of Jabil’s earnings results here.Investors in the tech hardware & electronics segment have had steady hands going into earnings, with share prices flat over the last month. TD SYNNEX is up 23.4% during the same time and is heading into earnings with an average analyst price target of $265.09 (compared to the current share price of $296.15).
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