Sysco Corporation Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Sysco Corporation (NYSE:SYY) will unveil its latest earnings on Monday, August 15, 2011. Sysco Corporation, 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 net income of 57 cents per share, a rise of 7.5% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged and it has not changed during the last month. For the year, analysts are projecting profit of $1.97 per share, a rise of 3.7% from last year.

Past Earnings Performance: The company beat estimates last quarter after falling short in the prior two. In the third quarter, the company reported net income of 42 cents per share versus a mean estimate of profit of 41 cents per share. In the second quarter, the company missed estimates by 2 cents.

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Wall St. Revenue Expectations: On average, analysts predict $10.36 billion in revenue this quarter, a rise of 0.1% from the year ago quarter. Analysts are forecasting total revenue of $39.09 billion for the year, a rise of 5% from last year’s revenue of $37.24 billion.

Analyst Ratings: Analysts seem relatively indifferent about Sysco with eight of 11 analysts surveyed maintaining a hold rating.

Key Stats:

Revenue has risen the past four quarters. Revenue increased 9.1% to $9.76 billion in third quarter. The figure rose 5.8% in the second quarter from the year earlier, climbed 7.4% in the first quarter from the year-ago quarter and 13.9% in the fourth quarter of the last fiscal year.

The increase in profit in the third quarter breaks a streak of two consecutive quarters of year-over-year profit decreases. In the third quarter, net income rose 4.4%, while the figure dropped 3.8% in the second quarter and 8.3% in the first quarter.

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 May 13, 2011 to August 9, 2011, the stock price had fallen $2.51 (-8%) from $31.51 to $29. It saw one of its worst periods between May 31, 2011 and June 8, 2011 when shares fell for seven-straight days, falling 5.2% (-$1.65) over that span. The stock price saw one of its best stretches over the last year between September 14, 2010 and September 22, 2010 when shares rose for seven-straight days, rising 3.6% (+99 cents) over that span. Shares are up 37 cents (+1.3%) year to date.

(Source: Xignite Financials)

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock.