Sysco Corp First Quarter Earnings Release on Deck

S&P 500 (NYSE:SPY) component Sysco Corporation (NYSE:SYY) will unveil its latest earnings on Monday, November 7, 2011. Sysco, through its subsidiaries and divisions, is a distributor of food and related products.

Sysco Corporation Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 53 cents per share, a rise of 8.2% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 52 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 53 cents during the last month. For the year, analysts are projecting net income of $2.05 per share, a rise of 3.5% from last year.

Past Earnings Performance: Last quarter, the company met expectations by reporting profit of 57 cents per share last quarter. In the previous third quarter of the last fiscal year, the company beat estimates by one cent.

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Wall St. Revenue Expectations: On average, analysts predict $10.49 billion in revenue this quarter, a rise of 7.6% from the year ago quarter. Analysts are forecasting total revenue of $41.64 billion for the year, a rise of 5.9% from last year’s revenue of $39.32 billion.

Analyst Ratings: Analysts seem relatively indifferent about Sysco with six of eight analysts surveyed maintaining a hold rating.

A Look Back: In the fourth quarter of the last fiscal year, profit fell 0.4% to $336.3 million (57 cents a share) from $337.8 million (57 cents a share) the year earlier, meeting analyst expectations. Revenue rose 0.7% to $10.43 billion from $10.35 billion.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 9.1% in the third quarter of the last fiscal year from the year earlier, climbed 5.8% in the second quarter of the last fiscal year from the year-ago quarter and 7.4% in the first quarter of the last fiscal year.

The decrease in profit in the fourth quarter of the last fiscal year came after net income rose in the previous quarter. In the third quarter of the last fiscal year, net income rose 4.4%.

Competitors to Watch: Nash-Finch Company (NASDAQ:NAFC), Spartan Stores, Inc. (NASDAQ:SPTN), United Natural Foods, Inc. (NASDAQ:UNFI), Synergy Brands, Inc. (SYBR), Core-Mark Holding Co., Inc. (NASDAQ:CORE), AMCON Distributing Co. (AMEX:DIT), G. Willi-Food Intl. Ltd. (NASDAQ:WILC), ConAgra (NYSE:CAG), Kraft (NYSE:KFT), Kellogg (NYSE:K) and SUPERVALU INC. (NYSE:SVU)

Stock Price Performance: During October 4, 2011 to November 1, 2011, the stock price had risen $1.95 (7.7%) from $25.25 to $27.20. It saw one of its worst periods between August 12, 2011 and August 22, 2011 when shares fell for seven-straight days, falling 8.3% (-$2.40) over that span. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 1, 2011 when shares rose for six-straight days, rising 2.9% (+88 cents) over that span. Shares are down $1.14 (-4%) year to date.

(Source: Xignite Financials)

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.