Golf Clap for SYNNEX
Jun 27th 2012 11:52AM
Updated Jun 27th 2012 11:58AM
SYNNEX (NYS: SNX) reported earnings on June 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended May 31 (Q2), SYNNEX met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly and GAAP earnings per share expanded.
Margins grew across the board.
SYNNEX reported revenue of $2.48 billion. The seven analysts polled by S&P Capital IQ foresaw revenue of $2.51 billion on the same basis. GAAP reported sales were 0.5% lower than the prior-year quarter's $2.50 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.90. The seven earnings estimates compiled by S&P Capital IQ predicted $0.90 per share. GAAP EPS of $0.90 for Q2 were 5.9% higher than the prior-year quarter's $0.85 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 6.3%, 50 basis points better than the prior-year quarter. Operating margin was 2.4%, 30 basis points better than the prior-year quarter. Net margin was 1.4%, 10 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $2.59 billion. On the bottom line, the average EPS estimate is $0.94.
Next year's average estimate for revenue is $10.40 billion. The average EPS estimate is $4.03.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 110 members out of 119 rating the stock outperform, and nine members rating it underperform. Among 26 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 25 give SYNNEX a green thumbs-up, and one gives it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on SYNNEX is outperform, with an average price target of $42.08.
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The article Golf Clap for SYNNEX originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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