Sysco Corp Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Sysco Corporation (NYSE:SYY) will unveil its latest earnings on Monday, May 7, 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 analyst estimate is for net income of 43 cents per share, a rise of 2.4% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 44 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 43 cents during the last month. For the year, analysts are projecting profit of $1.92 per share, a decline of 3% from last year.

Past Earnings Performance: The company is looking to top estimates for the third straight quarter. Last quarter, it reported net income of 46 cents per share against a mean estimate of profit of 44 cents, and the quarter before, the company exceeded forecasts by 3 cents with net income of 55 cents versus a mean estimate of profit of 52 cents.

Investing Insights: What’s the Future of Microsoft’s Stock?

Wall St. Revenue Expectations: Analysts predict a rise of 7.5% in revenue from the year-earlier quarter to $10.49 billion.

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

A Look Back: In the second quarter, profit fell 3.1% to $250.1 million (43 cents a share) from $258.2 million (44 cents a share) the year earlier, but exceeded analyst expectations. Revenue rose 9.2% to $10.24 billion from $9.38 billion.

Key Stats:

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 9.1% in the third quarter of the last fiscal year, 0.7% in the fourth quarter of the last fiscal year and 8.6% in the first quarter before increasing again in the second quarter.

The company is hoping to rebound with this earnings release after a net income drop last quarter. Net income rose 1.2% in the first quarter before dropping in the second quarter.

Stock Price Performance: Between February 3, 2012 and May 1, 2012, the stock price fell $1.61 (-5.3%), from $30.62 to $29.01. It saw one of its worst periods between August 12, 2011 and August 22, 2011 when shares fell for seven straight days, dropping 8.3% (-$2.36) over that span. The stock price saw one of its best stretches over the last year between March 6, 2012 and March 14, 2012, when shares rose for seven straight days, increasing 2.7% (+79 cents) over that span.

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

Don’t Miss These Additional Hot Stories:

CBS Corp. Earnings Cheat Sheet: Increased Profit Helps Beat the Street>>

These Hot Stocks Were Make or Break in April>>

YOU WERE WARNED: Groupon Could be the Worst Public Investment EVER>>