Sysco Corp reports results for the quarter ended December 31 - Earnings Summary

• Sysco Corp SYY.N reported quarterly adjusted earnings of 93 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 89 cents. The mean expectation of seventeen analysts for the quarter was for earnings of 93 cents per share. Wall Street expected results to range from 91 cents to 96 cents per share.

• Revenue rose 4.5% to $20.15 billion from a year ago; analysts expected $20.10 billion.

• Sysco Corp's reported EPS for the quarter was 82 cents​.

• The company reported quarterly net income of $406 million.

• Sysco Corp shares had risen by 0.5% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 8 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the food retail & distribution peer group is also "buy"

Wall Street's median 12-month price target for Sysco Corp is $86.00

This summary was machine generated from LSEG data January 28 at 02:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)