For its fourth fiscal quarter (ending November 30), TD SYNNEX Corporation (NYSE: SNX) has reported a -11% decline in E.P.S. from $2.31 a year ago to $2.06 in the current quarter. Relative to the consensus estimate of $2.67, this was a shortfall of $-0.61. For the latest four quarters through November 30, E.P.S. were $6.72 versus $6.79 for the same period a year ago — a decline of -1%.
Recent Price Action
On 1/9/24, TD SYNNEX Corporation (NYSE: SNX) stock rose slightly by 0.2%, closing at $105.20. Moreover, exceptionally high trading volume at 201% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months but has declined -2.2% during the last week.
Current PriceTarget Research Rating
SNX’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
TD SYNNEX has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. TD SYNNEX has a good Power Rating of 82 and a good Appreciation Score of 84, and the Highest Value Trend Rating results.
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.
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