Sysco Corporation (NYSE: SYY) has reported E.P.S. of $0.85 for its third fiscal quarter (ending March 31) versus $0.85 for the same period a year ago — flat performance. This performance was $-0.20 short of the consensus estimate of $1.05. E.P.S. were $4.12 for the latest four quarters through March 31 versus $3.04 for the same period a year ago — an increase of 36%.
Recent Price Action
On 4/30/24, Sysco Corporation (NYSE: SYY) stock declined by -3.8%, closing at $74.32. Moreover, trading volume in this decline was exceptionally high at 297% of normal. Relative to the market the stock has been strong over the last nine months but has declined -3.9% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, SYY is expected to continue to be a major Value Builder.
Sysco has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Sysco has a neutral Appreciation Score of 52 but a good Power Rating of 76, leading to the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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