Latest news with #TDSYNNEX
Yahoo
4 days ago
- Business
- Yahoo
Countdown to TD SYNNEX (SNX) Q2 Earnings: A Look at Estimates Beyond Revenue and EPS
Wall Street analysts expect TD SYNNEX (SNX) to post quarterly earnings of $2.69 per share in its upcoming report, which indicates a year-over-year decline of 1.5%. Revenues are expected to be $14.32 billion, up 2.7% from the year-ago quarter. Over the last 30 days, there has been an upward revision of 1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe. Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock. While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding. Given this perspective, it's time to examine the average forecasts of specific TD SYNNEX metrics that are routinely monitored and predicted by Wall Street analysts. Analysts' assessment points toward 'Revenue- Americas' reaching $8.74 billion. The estimate indicates a change of +2.2% from the prior-year quarter. According to the collective judgment of analysts, 'Revenue- Europe' should come in at $4.54 billion. The estimate indicates a change of +2.6% from the prior-year quarter. The collective assessment of analysts points to an estimated 'Revenue- Asia-Pacific and Japan' of $1.03 billion. The estimate indicates a year-over-year change of +6.4%.View all Key Company Metrics for TD SYNNEX here>>>Shares of TD SYNNEX have demonstrated returns of +1.3% over the past month compared to the Zacks S&P 500 composite's +0.6% change. With a Zacks Rank #3 (Hold), SNX is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report TD SYNNEX Corporation (SNX) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
4 days ago
- Business
- Yahoo
Earnings Preview: TD SYNNEX (SNX) Q2 Earnings Expected to Decline
The market expects TD SYNNEX (SNX) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended May 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on June 24. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This high-tech contractor is expected to post quarterly earnings of $2.69 per share in its upcoming report, which represents a year-over-year change of -1.5%. Revenues are expected to be $14.32 billion, up 2.7% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 1% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For TD SYNNEX, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -4.28%. On the other hand, the stock currently carries a Zacks Rank of #3. So, this combination makes it difficult to conclusively predict that TD SYNNEX will beat the consensus EPS estimate. While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that TD SYNNEX would post earnings of $2.87 per share when it actually produced earnings of $2.80, delivering a surprise of -2.44%. Over the last four quarters, the company has beaten consensus EPS estimates two times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. TD SYNNEX doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report TD SYNNEX Corporation (SNX) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Business Wire
5 days ago
- Business
- Business Wire
Arctera, Wasabi Technologies and TD SYNNEX Join Forces to Simplify Data Protection
PLEASANTON, Calif.--(BUSINESS WIRE)--Arctera, a global leader in data management, Wasabi Technologies, the hot cloud storage company, and TD SYNNEX, a leading global distributor and solutions aggregator for the IT ecosystem, today announced a joint channel-ready data protection solution to simplify sales for channel resellers. The new offering combines Arctera Backup Exec with Wasabi Hot Cloud Storage into a single offering available to channel partners through TD SYNNEX. The purpose-built integration makes comprehensive data protection easier for both end users and for channel partners. End users can enjoy end-to-end protection for physical, virtual, cloud and SaaS environments, configured for seamless targeting to high-performance hot storage with flat pricing and no egress fees. Partners can expect a turnkey solution that is simple to buy, install and support. With a single order form, SKU and invoice, the solution offers significant margin potential. Simon Jelley, VP and GM Data Protection at Arctera, said: 'In a world where challenges get more and more complex every day, solutions need to be more and more simple. That's what Arctera does for data protection, what Wasabi does for cloud storage and what TD SYNNEX does for the channel. By extending the ease of use of Arctera Backup Exec in a joint solution that includes storage and a combined resale motion, we're enabling partners to be trusted advisors, empowering them to tackle the complexity of ransomware resilience by making it simple to sell, purchase, deploy and manage this solution for organizations of any size.' Laurie Mitchell, SVP of Global Alliances and Partner Marketing at Wasabi, said: 'Wasabi enables our partners to deliver affordable, scalable, and secure cloud storage solutions tailored to their clients' evolving needs while positioning themselves for long-term growth and success in a data-driven world. The combination of Arctera Backup Exec and Wasabi Hot Cloud Storage, delivered through TD SYNNEX, gives resellers a compelling, high-performance offering that lowers costs for their customers while improving margin for themselves.' The joint offering will be available exclusively through the channel, empowering partners with a unique proposition for their end-user customers. Marcie Stout, VP of Cloud Marketplace and ISV at TD SYNNEX, said: 'When it comes to data protection, time is of the essence – this can put pressure on partners as they try to implement robust protection for their customers. With this joint solution from Arctera and Wasabi added to our comprehensive portfolio, we're able to enrich the breadth and depth of our offerings so our partners can quickly deliver a complete data protection solution with preconfigured integration of both the product and sales process.' The joint solution is available today through TD SYNNEX in North America. The organizations intend to expand availability internationally later this year. About Arctera Arctera helps organizations around the world thrive by ensuring they can trust, access, and illuminate their data from creation to retirement. Created in 2024 from Veritas Technologies, an industry leader in secure multi-cloud data resilience, Arctera comprises three business units: Data Compliance, Data Protection and Data Resilience. Arctera provides tens of thousands of customers worldwide, including 70% of the Fortune 100, with market-leading solutions that help them to manage one of their most valuable assets: data. Learn more at and follow us on X @arcteraio. About Wasabi Technologies Recognized as one of the technology industry's fastest growing companies, Wasabi is on a mission to store the world's data by making cloud storage affordable, predictable and secure. With Wasabi, visionary companies gain the freedom to use their data whenever they like without being hit with unpredictable fees or vendor lock-in. Instead, they're free to build best-of-breed solutions with the industry's fastest-growing ecosystem of independent cloud application partners. Customers and partners all over the world trust Wasabi to help them put their data to work so they can unlock their full potential. Visit to learn more. About TD SYNNEX TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the IT ecosystem. We're an innovative partner helping more than 150,000 customers in 100+ countries to maximize the value of technology investments, demonstrate business outcomes and unlock growth opportunities. Headquartered in Clearwater, Florida, and Fremont, California, TD SYNNEX's 23,000 co-workers are dedicated to uniting compelling IT products, services and solutions from 2,500+ best-in-class technology vendors. Our edge-to-cloud portfolio is anchored in some of the highest-growth technology segments including cloud, cybersecurity, big data/analytics, AI, IoT, mobility and everything as a service. TD SYNNEX is committed to serving customers and communities, and we believe we can have a positive impact on our people and our planet, intentionally acting as a respected corporate citizen. We aspire to be a diverse and inclusive employer of choice for talent across the IT ecosystem. For more information, visit follow our newsroom or follow us on LinkedIn, Facebook and Instagram.
Yahoo
5 days ago
- Business
- Yahoo
Arctera, Wasabi Technologies and TD SYNNEX Join Forces to Simplify Data Protection
Improved margin, accelerated sales cycle and complete end-user proposition delivered through joint offering PLEASANTON, Calif., June 17, 2025--(BUSINESS WIRE)--Arctera, a global leader in data management, Wasabi Technologies, the hot cloud storage company, and TD SYNNEX, a leading global distributor and solutions aggregator for the IT ecosystem, today announced a joint channel-ready data protection solution to simplify sales for channel resellers. The new offering combines Arctera Backup Exec with Wasabi Hot Cloud Storage into a single offering available to channel partners through TD SYNNEX. The purpose-built integration makes comprehensive data protection easier for both end users and for channel partners. End users can enjoy end-to-end protection for physical, virtual, cloud and SaaS environments, configured for seamless targeting to high-performance hot storage with flat pricing and no egress fees. Partners can expect a turnkey solution that is simple to buy, install and support. With a single order form, SKU and invoice, the solution offers significant margin potential. Simon Jelley, VP and GM Data Protection at Arctera, said: "In a world where challenges get more and more complex every day, solutions need to be more and more simple. That's what Arctera does for data protection, what Wasabi does for cloud storage and what TD SYNNEX does for the channel. By extending the ease of use of Arctera Backup Exec in a joint solution that includes storage and a combined resale motion, we're enabling partners to be trusted advisors, empowering them to tackle the complexity of ransomware resilience by making it simple to sell, purchase, deploy and manage this solution for organizations of any size." Laurie Mitchell, SVP of Global Alliances and Partner Marketing at Wasabi, said: "Wasabi enables our partners to deliver affordable, scalable, and secure cloud storage solutions tailored to their clients' evolving needs while positioning themselves for long-term growth and success in a data-driven world. The combination of Arctera Backup Exec and Wasabi Hot Cloud Storage, delivered through TD SYNNEX, gives resellers a compelling, high-performance offering that lowers costs for their customers while improving margin for themselves." The joint offering will be available exclusively through the channel, empowering partners with a unique proposition for their end-user customers. Marcie Stout, VP of Cloud Marketplace and ISV at TD SYNNEX, said: "When it comes to data protection, time is of the essence – this can put pressure on partners as they try to implement robust protection for their customers. With this joint solution from Arctera and Wasabi added to our comprehensive portfolio, we're able to enrich the breadth and depth of our offerings so our partners can quickly deliver a complete data protection solution with preconfigured integration of both the product and sales process." The joint solution is available today through TD SYNNEX in North America. The organizations intend to expand availability internationally later this year. About Arctera Arctera helps organizations around the world thrive by ensuring they can trust, access, and illuminate their data from creation to retirement. Created in 2024 from Veritas Technologies, an industry leader in secure multi-cloud data resilience, Arctera comprises three business units: Data Compliance, Data Protection and Data Resilience. Arctera provides tens of thousands of customers worldwide, including 70% of the Fortune 100, with market-leading solutions that help them to manage one of their most valuable assets: data. Learn more at and follow us on X @arcteraio. About Wasabi Technologies Recognized as one of the technology industry's fastest growing companies, Wasabi is on a mission to store the world's data by making cloud storage affordable, predictable and secure. With Wasabi, visionary companies gain the freedom to use their data whenever they like without being hit with unpredictable fees or vendor lock-in. Instead, they're free to build best-of-breed solutions with the industry's fastest-growing ecosystem of independent cloud application partners. Customers and partners all over the world trust Wasabi to help them put their data to work so they can unlock their full potential. Visit to learn more. About TD SYNNEX TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the IT ecosystem. We're an innovative partner helping more than 150,000 customers in 100+ countries to maximize the value of technology investments, demonstrate business outcomes and unlock growth opportunities. Headquartered in Clearwater, Florida, and Fremont, California, TD SYNNEX's 23,000 co-workers are dedicated to uniting compelling IT products, services and solutions from 2,500+ best-in-class technology vendors. Our edge-to-cloud portfolio is anchored in some of the highest-growth technology segments including cloud, cybersecurity, big data/analytics, AI, IoT, mobility and everything as a service. TD SYNNEX is committed to serving customers and communities, and we believe we can have a positive impact on our people and our planet, intentionally acting as a respected corporate citizen. We aspire to be a diverse and inclusive employer of choice for talent across the IT ecosystem. For more information, visit follow our newsroom or follow us on LinkedIn, Facebook and Instagram. 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Yahoo
05-06-2025
- Business
- Yahoo
IT Distribution & Solutions Stocks Q1 Highlights: CDW (NASDAQ:CDW)
Looking back on it distribution & solutions stocks' Q1 earnings, we examine this quarter's best and worst performers, including CDW (NASDAQ:CDW) and its peers. IT Distribution & Solutions will be buoyed by the increasing complexity of IT ecosystems, rising cloud adoption, and demand for cybersecurity solutions. Enterprises are less likely than ever to embark on these complicated journeys solo, and companies in the sector boast expertise and scale in these areas. However, cloud migration also means less need for hardware, which could dent demand for large portions of the product portfolio and hurt margins. Additionally, planning for potentially supply chain disruptions is ongoing, as the COVID-19 pandemic showed how damaging a pause in global trade could be in areas like semiconductor procurement. The 8 it distribution & solutions stocks we track reported a mixed Q1. As a group, revenues along with next quarter's revenue guidance were in line with analysts' consensus estimates. In light of this news, share prices of the companies have held steady as they are up 3% on average since the latest earnings results. Serving as a crucial bridge between technology manufacturers and end users since 1984, CDW (NASDAQ:CDW) is a multi-brand provider of information technology solutions that helps businesses and public sector organizations select, implement, and manage hardware, software, and IT services. CDW reported revenues of $5.20 billion, up 6.7% year on year. This print exceeded analysts' expectations by 5.3%. Overall, it was an exceptional quarter for the company with an impressive beat of analysts' EPS estimates. "The team delivered an excellent start to 2025, as they once again helped customers navigate dynamic market conditions and accomplish mission critical outcomes," said Christine A. Leahy, chair and chief executive officer, CDW. The stock is up 7.4% since reporting and currently trades at $176.12. Is now the time to buy CDW? Access our full analysis of the earnings results here, it's free. Starting as a small computer products seller in 1982 and evolving into a Fortune 1000 company, Connection (NASDAQ:CNXN) is a technology solutions provider that helps businesses and government agencies design, purchase, implement, and manage their IT infrastructure and systems. Connection reported revenues of $701 million, up 10.9% year on year, outperforming analysts' expectations by 8.5%. The business had an incredible quarter with an impressive beat of analysts' EPS estimates. Connection delivered the biggest analyst estimates beat and fastest revenue growth among its peers. The market seems content with the results as the stock is up 4.6% since reporting. It currently trades at $64.88. Is now the time to buy Connection? Access our full analysis of the earnings results here, it's free. Serving as the crucial middleman in the technology supply chain, TD SYNNEX (NYSE:SNX) is a global technology distributor that connects thousands of IT manufacturers with resellers, helping businesses access hardware, software, and technology solutions. TD SYNNEX reported revenues of $14.53 billion, up 4% year on year, falling short of analysts' expectations by 1.7%. It was a softer quarter as it posted a miss of analysts' EPS estimates. As expected, the stock is down 2.4% since the results and currently trades at $122.50. Read our full analysis of TD SYNNEX's results here. With a century-long history of adapting to technological evolution, Avnet (NASDAQ:AVT) is a global electronic components distributor that connects manufacturers of semiconductors and other electronic parts with businesses that need these components. Avnet reported revenues of $5.32 billion, down 6% year on year. This number met analysts' expectations. Taking a step back, it was a mixed quarter as it also logged an impressive beat of analysts' EPS estimates. The stock is down 1.2% since reporting and currently trades at $50.62. Read our full, actionable report on Avnet here, it's free. Starting as a financing company in 1990 before evolving into a full-service technology provider, ePlus (NASDAQ:PLUS) provides comprehensive IT solutions, professional services, and financing options to help organizations optimize their technology infrastructure and supply chain processes. ePlus reported revenues of $498.1 million, down 10.2% year on year. This result missed analysts' expectations by 4.9%. Zooming out, it was actually a satisfactory quarter as it produced a solid beat of analysts' EPS estimates. The stock is up 7.8% since reporting and currently trades at $71. Read our full, actionable report on ePlus here, it's free. In response to the Fed's rate hikes in 2022 and 2023, inflation has been gradually trending down from its post-pandemic peak, trending closer to the Fed's 2% target. Despite higher borrowing costs, the economy has avoided flashing recessionary signals. This is the much-desired soft landing that many investors hoped for. The recent rate cuts (0.5% in September and 0.25% in November 2024) have bolstered the stock market, making 2024 a strong year for equities. Donald Trump's presidential win in November sparked additional market gains, sending indices to record highs in the days following his victory. However, debates continue over possible tariffs and corporate tax adjustments, raising questions about economic stability in 2025. Want to invest in winners with rock-solid fundamentals? Check out our 9 Best Market-Beating Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Sign in to access your portfolio
