What's Happening with SNX
SYNNEX Corporation (SNX) is scheduled to report Quarter 3 numbers before the market open on September 28. Analysts forecast earnings of $1.21 per share for the quarter. During the same period last year the company earned $1.14, and the stock is up 36.8% on the year.
Technical Analysis
SNX was recently trading at $111.45 down $19.48 from its 12-month high and $55.75 above its 12-month low. InvestorsObserver gives SNX a 45 long-term technical score and a 72 short-term technical score. The stock has recent support above $110.73 and recent resistance below $130.07. Of the 7 analysts who cover the stock 6 rate it Strong Buy, 0 rate it Buy, 1 rate it Hold, 0 rate it Sell, and 0 rate it Strong Sell, SNX gets an overall score of 64 from InvestorsObserver.
Analysts' Thoughts
SNX has shown annual earnings growth of 17.80% over the last five years, and looking ahead analysts expect the company to grow profits 5.00% per annum the next five years. Last quarter the company posted better than expected EPS and this quarter the street expects $1.21 EPS. SNX is currently trading at $111.45 with an average price target of $139.86.