Sysco CorporationSYY
± MixedCapitalrelevance
Q2 earnings report upcoming; past misses and unchanged stock price create uncertainty.
Food distribution giant Sysco will report its second-quarter earnings before the bell on Tuesday. The company met revenue expectations last quarter with $20.52 billion, up 4.7% year on year, but missed EBITDA estimates. For this quarter, analysts expect revenue growth of 3.8% year on year, and estimates have been largely reconfirmed over the last 30 days. Sysco has missed Wall Street revenue estimates multiple times over the past two years, and its stock price was unchanged over the last month heading into earnings with an average analyst price target of $87.64 compared to the current share price of $84.52.
Sysco CorporationQ2 earnings report upcoming; past misses and unchanged stock price create uncertainty.
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