Alert: New Earnings Report (9/29/20)-SYNNEX Corp (NYSE: SNX).

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For its third fiscal quarter (ending August 31), SYNNEX Corp (NYSE: SNX) has reported a 8% increase in E.P.S. from $2.41 a year ago to $2.61 in the current quarter. This result exceeded the consensus estimate of $2.26 by $0.35. E.P.S. were $9.54 for the latest four quarters through August 31 versus $8.81 for the same period a year ago — an increase of 8%.

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Recent Price Action

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SYNNEX Corp (NYSE: SNX) stock rose modestly by 0.7% on 9/29/20. The stock closed at $132.36. Moreover, trading volume in this advance was exceptionally high at 298% of normal. The stock has performed in line with the market over the last nine months and has risen 2.3% during the last week.

Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, SNX is expected to continue to be a Value Builder.

SYNNEX has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. SYNNEX has a slightly positive Power Rating of 61 and a good Appreciation Score of 79, resulting in the Highest Value Trend Rating.

Rating Review

In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.

About John Lafferty 97001 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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