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published in Blogs
Mar 25, 2022
Synnex (SNX, $106.15) beats Q1 earnings expectations

Synnex (SNX, $106.15) beats Q1 earnings expectations

Synnex posted earnings of $3.03 per share for the quarter ended February 2022, exceeding the Zacks Consensus Estimate of $2.74 per share. The figure is also higher than the year-ago quarter’s  $1.89 per share.

The IT services company’s  revenues of $15.47 billion also surpassed the Zacks Consensus Estimate by 1.27%. Revenues were $4.94 billion in the year-ago quarter. The company has topped consensus revenue estimates three times over the last four quarters.

The current consensus expectation is earnings per share  is $2.58 on $15.27 billion in revenues for the coming quarter and $11.06 on $61.98 billion in revenues for the current fiscal year.

Related Ticker: SNX

SNX in downward trend: price may decline as a result of having broken its higher Bollinger Band on September 11, 2026

SNX broke above its upper Bollinger Band on September 11, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options. The A.I.dvisor looked at 41 similar instances where the stock broke above the upper band. In 26 of the 41 cases the stock fell afterwards. This puts the odds of success at 63%.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where SNX declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 59%.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on September 02, 2026. You may want to consider a long position or call options on SNX as a result. In 64 of 92 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 70%.

The Moving Average Convergence Divergence (MACD) for SNX just turned positive on September 03, 2026. Looking at past instances where SNX's MACD turned positive, the stock continued to rise in 33 of 47 cases over the following month. The odds of a continued upward trend are 70%.

SNX moved above its 50-day moving average on September 03, 2026 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for SNX crossed bullishly above the 50-day moving average on September 03, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 11 of 18 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 61%.

Following a +3.79% 3-day Advance, the price is estimated to grow further. Considering data from situations where SNX advanced for three days, in 211 of 330 cases, the price rose further within the following month. The odds of a continued upward trend are 64%.

The Aroon Indicator entered an Uptrend today. In 173 of 271 cases where SNX Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 64%.

Fundamental Analysis (Ratings)

The Tickeron Profit vs. Risk Rating rating for this company is 12 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 39, placing this stock better than average.

The Tickeron PE Growth Rating for this company is 33 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is 39 (best 1 - 100 worst), indicating steady price growth. SNX’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of 60 (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.327) is normal, around the industry mean (2.020). P/E Ratio (18.674) is within average values for comparable stocks, (18.252). Projected Growth (PEG Ratio) (0.769) is also within normal values, averaging (1.216). Dividend Yield (0.007) settles around the average of (0.009) among similar stocks. P/S Ratio (0.301) is also within normal values, averaging (0.415).

The Tickeron SMR rating for this company is 61 (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

Industry description

The electronics/appliance stores industry includes companies that sell consumer electronics such as computers, stereo components, software, TVs, and appliances such as those for cooking and cleaning. Some companies also operate stores that rent and sell pre-recorded CDs and DVDs. Best Buy Co., Inc., Conn’s, Inc., Sears Hometown and Outlet Stores Inc. and Trans World Entertainment Corp. are some of the largest companies in this space.

Market Cap

The average market capitalization across the Electronics/Appliance Stores Industry is 6B. The market cap for tickers in the group ranges from 367.1K to 20.83B. SNX holds the highest valuation in this group at 20.83B. The lowest valued company is HGGGQ at 367.1K.

High and low price notable news

The average weekly price growth across all stocks in the Electronics/Appliance Stores Industry was -8%. For the same Industry, the average monthly price growth was 4%, and the average quarterly price growth was 55%. NSIT experienced the highest price growth at 2%, while IZM experienced the biggest fall at -78%.

Volume

The average weekly volume growth across all stocks in the Electronics/Appliance Stores Industry was -14%. For the same stocks of the Industry, the average monthly volume growth was 24% and the average quarterly volume growth was -28%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 68
P/E Growth Rating: 47
Price Growth Rating: 45
SMR Rating: 63
Profit Risk Rating: 39
Seasonality Score: -32 (-100 ... +100)
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published General Information

General Information

a developer of computer systems and complementary products

Industry ElectronicsApplianceStores

Profile
Details
Industry
Electronics Distributors
Address
44201 Nobel Drive
Phone
+1 510 668-3400
Employees
28500
Web
https://www.tdsynnex.com