TD Synnex EPS Expected to Soften in Feb Quarter
Company’s revenue expected to marginally decline to $14.7 billion
IT solutions company TD Synnex Corp [SNX] is expected to announce a softer first quarter in its earnings report scheduled for release on March 27. The company’s EPS estimate for the quarter ending February 28 is $2.91, down from $2.99 a year ago. The company recorded $2.08 earnings per share in the quarter ending August 31, 2024.
Citing estimates of 10 analysts, Yahoo Finance reports that TD Synnex’s quarterly revenue is likely to decrease to $14.5 billion from $14.7 billion for the quarter ending August 31, 2024.
Global spply chain disruption fears
The company, formed through the merger of Tech Data Corporation and Synnex Corporation in 2021, is a leading distributor and solutions aggregator for the IT ecosystem. Headquartered in Fremont, California, the company operates globally, providing a broad range of IT products and solutions that encompass everything from advanced computing solutions to consumer electronics. The company acknowledged in its annual report that global trade disruptions could affect its business. President Donald Trump’s tariff wars could affect global supply chains of technology sectors affecting the company’s capabilities and market reach.
