Sysco Corp (SYY) is reporting earnings on August 09. Lets zoom in on how the stock is performing.
Analysts think Sysco Corp will report an EPS (earnings per share) of $1.11, GAAP of $1.10, on revenue of $18.29B.
SYY bulls will be waiting to hear two things. The first is that the reported EPS beat the estimates of analysts. The stock will move on that news. The second is that the report outlines a positive growth story for the stock in the coming quarters.
There are two primary things that SYY bears will be concerned with. The first is that the reported EPS underperformed the estimates of analysts. Stocks respond unfavorably to that news. The second is that the report outlines a negative growth story for the stock in the coming quarters.
Regardless of which side of the fence you're on, it's important to note that sometimes the company's earnings report plays less of a role in moving the price than the analysts' estimates. This is because the company's earnings report is a snapshot of the company's performance, and the analysts' estimates are a consensus projection of the company's future.
Shares of SYY were trading at $84.9 as of August 01. Over the last 52-weeks, shares are down -6.7%. A larger percentage here can mean investors have a stronger bullish or bearish outlook on the stock.