TD SYNNEX: Insights Before the Quarterly Figures and Market Forecasts

With high expectations, the business world is turning its attention to TD SYNNEX, a leading IT distributor that will present its current quarterly results this Thursday. In the past quarter, the company exceeded analysts' revenue forecasts by 4.4%, amounting to sales of $14.95 billion and an impressive growth of 7.2% compared to the previous year. This performance was supported by earnings per share (EPS) that were above expectations. Analysts remain optimistic and anticipate revenue growth of 2.9% for this quarter, corresponding to total sales of $15.12 billion. With adjusted earnings estimated at $3.05 per share, TD SYNNEX has laid a solid foundation. In the last 30 days, most analysts have reaffirmed their estimates, indicating confidence in future business development. As a frontrunner among competitors in the upcoming reporting period, TD SYNNEX’s results could impact the entire technology hardware and electronics industry, which has been on the rise in recent weeks. Particular attention is being paid to the stock price development, which has risen by an average of 4.6%; TD SYNNEX itself increased by 2.3% in that period. An average price target from analysts continues to allow room for positive developments. The target is several dollars above the current price. At StockStory, we understand the opportunities of thematic investing and enjoy good company with success stories such as Microsoft, Alphabet, Coca-Cola, and Monster Beverage, all of which have seized their potentials.