Sysco Corp Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Sysco Corporation (NYSE:SYY) will unveil its latest earnings on Monday, February 6, 2012. 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 44 cents per share, no change from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 45 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 44 cents during the last month. Analysts are projecting profit to rise by 1.5% versus last year to $1.95.

Past Earnings Performance: The company topped forecasts last quarter after being in line with estimates the quarter prior. In the first quarter, it reported net income of 55 cents per share versus a mean estimate of 52 cents. Two quarters ago, it reported profit of 57 cents per share.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 7.1% in revenue from the year-earlier quarter to $10.05 billion.

Analyst Ratings: Analysts seem relatively indifferent about Sysco with eight of 10 analysts surveyed maintaining a hold rating.

A Look Back: In the first quarter, profit rose 1.2% to $302.7 million (51 cents a share) from $299.1 million (51 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 8.6% to $10.59 billion from $9.75 billion.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 0.7% in the fourth quarter of the last fiscal year from the year earlier, climbed 9.1% in the third quarter of the last fiscal year from the year-ago quarter and 5.8% in the second quarter of the last fiscal year.

The company has now been profitable for the last eight quarters, and for the last four, profit has risen year over year by an average of 0.3%. The quarter with the biggest boost was the third quarter of the last fiscal year, which saw a 4.4% surge.

Stock Price Performance: During November 2, 2011 to January 31, 2012, the stock price had risen $2.80 (10.3%) from $27.31 to $30.11. 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% (-$2.39) over that span. The stock price saw one of its best stretches over the last year between January 18, 2012 and January 25, 2012 when shares rose for six-straight days, rising 2% (+60 cents) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com