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Sysco Q4 Earnings: How Key Metrics Compare to Wall Street Estimates - Sysco (NYSE:SYY)

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2024-07-31 00:13

For the quarter ended June 2024, Sysco (NYSE: SYY) reported revenue of $20.56 billion, up 4.2% over the same period last year. EPS came in at $1.39, compared to $1.34 in the year-ago quarter.

  For the quarter ended June 2024, SyscoSYY reported revenue of $20.56 billion, up 4.2% over the same period last year. EPS came in at $1.39, compared to $1.34 in the year-ago quarter.

  The reported revenue compares to the Zacks Consensus Estimate of $20.51 billion, representing a surprise of +0.24%. The company delivered an EPS surprise of +0.72%, with the consensus EPS estimate being $1.38.

  While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

  Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

  Here is how Sysco performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Revenue- International Foodservice Operations: $3.79 billion compared to the $3.82 billion average estimate based on three analysts. The reported number represents a change of +3.8% year over year.
  • Revenue- U.S. Foodservice Operations: $14.41 billion versus the three-analyst average estimate of $14.48 billion. The reported number represents a year-over-year change of +4.9%.
  • Sales- Other: $310 million compared to the $328.42 million average estimate based on three analysts. The reported number represents a change of -5.8% year over year.
  • Sales- SYGMA: $2.04 billion versus $2 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +2% change.
  • Operating income (GAAP)- Other: $23 million compared to the $20.91 million average estimate based on three analysts.
  • Operating income (GAAP)- SYGMA: $26 million compared to the $19.90 million average estimate based on three analysts.
  • Gross Profit- Other: $85 million compared to the $87.73 million average estimate based on three analysts.
  • SYGMA- Gross Profit: $163 million versus the three-analyst average estimate of $158.86 million.

  Shares of Sysco have returned +4.8% over the past month versus the Zacks S&P 500 composite's +0.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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