Sysco Corp reports results for the quarter ended June 30 - Earnings Summary

• Sysco Corp SYY reported quarterly adjusted earnings of $1.48​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.39. The mean expectation of seventeen analysts for the quarter was for earnings of $1.39 per share. Wall Street expected results to range from $1.34 to $1.43 per share.

• Revenue rose 2.8% to $21.14 billion from a year ago; analysts expected $21.03 billion.

• Sysco Corp's reported EPS for the quarter was $1.10​.

• The company reported quarterly net income of $531 million.

• Sysco Corp shares had risen by 6.1% this quarter and gained 5.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 3.9% in the last three months.​

• In the last 30 days, there have been no negative revisions of 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 1 "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 $81.23, about 1.1% above its last closing price of $80.35

This summary was machine generated from LSEG data July 29 at 01:31 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)