Earnings Estimates Moving Higher for TD SYNNEX (SNX): Time to Buy?

Core Insights - TD SYNNEX (SNX) is experiencing solid improvement in earnings estimates, which may lead to continued short-term price momentum [1][2] - The rising trend in estimate revisions reflects growing analyst optimism regarding the company's earnings prospects, which is expected to positively impact its stock price [2][3] Current-Quarter Estimate Revisions - The company is projected to earn $3.59 per share for the current quarter, indicating a year-over-year increase of +16.2% [6] - Over the past 30 days, the Zacks Consensus Estimate for TD SYNNEX has risen by 11.35%, with four estimates moving higher and no negative revisions [6] Current-Year Estimate Revisions - For the full year, TD SYNNEX is expected to earn $12.80 per share, representing a year-over-year change of +9.6% [7] - The consensus estimate has increased by 5.3% due to five upward revisions and no negative revisions in the past month [8] Favorable Zacks Rank - TD SYNNEX currently holds a Zacks Rank 1 (Strong Buy), indicating strong agreement among analysts in revising earnings estimates upward [9] - Stocks with Zacks Rank 1 and 2 have historically outperformed the S&P 500, suggesting a favorable investment opportunity [9] Bottom Line - TD SYNNEX shares have increased by 6.1% over the past four weeks, indicating investor confidence in its earnings growth prospects [10]