Sysco (NYSE:SYY) reported its Q3 earnings results on Tuesday, May 10, 2022 at 08:00 AM.
Here's what investors need to know about the announcement.
Earnings
Sysco beat estimated earnings by 29.09%, reporting an EPS of $0.71 versus an estimate of $0.55.
Revenue was up $5.08 billion from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.14 which was followed by a 0.06% increase in the share price the next day.
Here's a look at Sysco's past performance:
| Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.71 | 0.86 | 0.60 | 0.20 |
| EPS Actual | 0.57 | 0.83 | 0.71 | 0.22 |
| Revenue Estimate | 16.10B | 15.87B | 14.23B | 12.39B |
| Revenue Actual | 16.32B | 16.46B | 16.14B | 11.82B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Sysco management provided guidance for FY 2022, expecting earnings between $3.16 and $3.26 per share.
To track all earnings releases for Sysco visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
