For the quarter ended June 2024, SyscoSYY reported revenue of $20.56 billion, up 4.2% over the same period last year. EPS came in at $1.39, compared to $1.34 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $20.51 billion, representing a surprise of +0.24%. The company delivered an EPS surprise of +0.72%, with the consensus EPS estimate being $1.38.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Sysco performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Shares of Sysco have returned +4.8% over the past month versus the Zacks S&P 500 composite's +0.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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