S&P 500 (NYSE:SPY) component Sysco (NYSE:SYY) will unveil its latest earnings tomorrow, Monday, February 4, 2013. Sysco, through its subsidiaries and divisions, is a distributor of food and related products.
Sysco Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average analyst estimate is for profit of 41 cents per share, a decline of 10.9% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 43 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 41 cents during the last month. Analysts are projecting profit to rise by 2% compared to last year’s $1.98.
Last quarter, the company came in at net income of 58 cents per share against a mean estimate of profit of 50 cents per share, beating estimates after missing them in the previous quarter. In the fourth quarter of the last fiscal year, it missed forecasts by one cent.
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A Look Back: In the first quarter, profit fell 5.3% to $286.6 million (49 cents a share) from $302.7 million (51 cents a share) the year earlier, but exceeded analyst expectations. Revenue rose 4.7% to $11.09 billion from $10.59 billion.
Here’s how Sysco traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: