TD Synnex: Q3 Earnings Insights - TD Synnex (NYSE:SNX)

TD SynnexSNX stock rose by 1.75% on Wednesday after the company reported its Q3 earnings results on Tuesday, September 28, 2021 at 08:00 AM.

Here's what investors need to know about the announcement.

TD Synnex beat their estimated earnings by 3.38%, which did not surprise analysts.

Revenue was up $1,258,000,000 from the same period last year.

Last quarter the company beat on EPS by $0.16, which was followed by a 0.36% increase in the share price the next day.

Here's a look at TD Synnex's past performance and the resulting price change:

Quarter	Q3 2021	Q2 2021	Q1 2021	Q4 2020	Q3 2020
EPS Estimate	2.07	1.93	1.69	2.89
EPS Actual	2.14	2.09	1.89	5.21	3.33
Price Change %	1.75%	0.36%	-0.85%	0.62%	5.82%

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

TD Synnex management provided guidance for their next quarter, expecting earnings between $2.5 and $2.8 per share for the nextquarter.

This presents a 23.83% in quarter-over-quarter growth for TD Synnex, a bullish signal to many investors.

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