Curious about Sysco (SYY) Q2 Performance? Explore Wall Street Estimates for Key Metrics

Wall Street analysts expect Sysco (SYY) to post quarterly earnings of $0.93 per share in its upcoming report, which indicates a year-over-year increase of 4.5%. Revenues are expected to be $20.11 billion, up 4.3% from the year-ago quarter.The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.In light of this perspective, let's dive into the average estimates of certain Sysco metrics that are commonly tracked and forecasted by Wall Street analysts.Based on the collective assessment of analysts, 'Sales- Other' should arrive at $283.80 million. The estimate indicates a change of +0.2% from the prior-year quarter.Analysts forecast 'Sales- SYGMA' to reach $2.03 billion. The estimate indicates a change of +5.8% from the prior-year quarter.The consensus among analysts is that 'Revenue- International Foodservice Operations' will reach $3.64 billion. The estimate suggests a change of +1.1% year over year.Analysts' assessment points toward 'Revenue- U.S. Foodservice Operations' reaching $14.12 billion. The estimate points to a change of +4.7% from the year-ago quarter.It is projected by analysts that the 'SYGMA- Gross Profit' will reach $157.85 million. The estimate is in contrast to the year-ago figure of $148.51 million.Analysts expect 'Gross Profit- Other' to come in at $73.22 million. Compared to the present estimate, the company reported $73.01 million in the same quarter last year.According to the collective judgment of analysts, 'Operating income (GAAP)- SYGMA' should come in at $19.48 million. The estimate is in contrast to the year-ago figure of $16.35 million.Analysts predict that the 'Operating income (GAAP)- Other' will reach $8.88 million. Compared to the current estimate, the company reported $8.39 million in the same quarter of the previous year.The consensus estimate for 'Gross Profit- U.S. Foodservice Operations' stands at $2.66 billion. The estimate compares to the year-ago value of $2.58 billion.The combined assessment of analysts suggests that 'Gross Profit- International Foodservice Operations' will likely reach $731.87 million. Compared to the present estimate, the company reported $708.10 million in the same quarter last year.The average prediction of analysts places 'Operating income adjusted for Certain Items (Non-GAAP)- U.S. Foodservice Operations' at $852.63 million. The estimate compares to the year-ago value of $851.13 million.The collective assessment of analysts points to an estimated 'Operating income adjusted for certain items (Non-GAAP)- International Foodservice Operations' of $128.44 million. Compared to the present estimate, the company reported $102.38 million in the same quarter last year.View all Key Company Metrics for Sysco here>>>Shares of Sysco have demonstrated returns of -5.3% over the past month compared to the Zacks S&P 500 composite's +2.7% change. With a Zacks Rank #3 (Hold), SYY is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.1% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Sysco Corporation (SYY): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks