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Sysco Corporation reports results for the quarter ended September 30 - Earnings Summary
Sysco Corporation reported quarterly adjusted earnings of $1.19 per share, matching the average of thirteen analyst estimates, while revenue rose 2.8% to $21.74 billion and fell short of the expected $22.02 billion.
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What happened
Sysco Corporation reported quarterly adjusted earnings of $1.19 per share, matching the average of thirteen analyst estimates, while revenue rose 2.8% to $21.74 billion and fell short of the expected $22.02 billion.
Confirmed
Global impact / market context
Profit per share met expectations, yet sales missed forecasts, showing that Sysco likely earned more on each sale rather than selling more food. That gap matters because slower revenue growth can limit future profit gains even when current earnings look solid.
Analyst inference
Analysts rate Sysco a hold on average, with a median 12-month price target of $91.00, about 10.2% above its $81.74 close. The stock rose 4.8% this quarter, suggesting investors already priced in steady results before this report.
Analyst inference
What to watch
- Two analysts lowered their earnings estimates in the last 30 days, while the average estimate rose about 0.9% over three months, showing mixed analyst confidence ahead. Confirmed
- Watch whether Sysco can lift sales toward the $22.02 billion analyst target next quarter, since closing that revenue gap would signal stronger customer demand. Proposed
- Track food distribution peers, whose average rating is buy versus Sysco's hold, to see if rivals win customers and pressure Sysco's sales growth. Analyst inference
Evidence
- Original source link unavailable