These Analysts Revise Their Forecasts On TD Synnex After Q4 Results

Group 1 - TD SYNNEX Corporation reported fourth-quarter revenue of $17.4 billion, exceeding analysts' expectations of $16.9 billion, representing a 9.7% year-over-year increase [1] - The company achieved adjusted EPS of $3.83 for the quarter, surpassing the forecasted $3.73 per share, reflecting a 24.0% year-over-year growth [1] - CEO Patrick Zammit expressed confidence in the company's positioning for sustainable growth, supported by a specialized business model and a focus on customer experiences [2] Group 2 - TD SYNNEX projects adjusted EPS for the next quarter to be between $3.00 and $3.50, compared to the consensus estimate of $3.21, with sales expected to range from $15.1 billion to $15.9 billion [2] - The company anticipates adjusted gross billings for the next quarter to be between $22.7 billion and $23.7 billion [2] Group 3 - Following the earnings announcement, TD SYNNEX shares rose 0.5% to $148.32 [3] - Analysts have adjusted their price targets for TD SYNNEX, with Morgan Stanley lowering it from $177 to $172, Barclays from $164 to $163, and UBS raising it from $187 to $193 [4]