SYNNEX Corp. (SNX) Tops Q4 EPS by $1.38, Q1 Guidance Misses

SYNNEX Corp. (NYSE: SNX) reported Q4 EPS of $5.21, $1.38 better than the analyst estimate of $3.83. Revenue for the quarter came in at $7.41 billion versus the consensus estimate of $6.6 billion.

GUIDANCE:

SYNNEX Corp. sees Q1 2021 EPS of $1.55-$1.75, versus the consensus of $2.07. SYNNEX Corp. sees Q1 2021 revenue of $4.5-4.8 billion, versus the consensus of $4.88 billion.

• Revenue is expected to be in the range of $4.50 billion to $4.80 billion.
• Net income is expected to be in the range of $70.3 million to $80.8 million and on a non-GAAP basis, net income is expected to be in the range of $81.0 million to $91.5 million.
• Diluted earnings per share is expected to be in the range of $1.34 to $1.55 and on a non-GAAP basis, diluted earnings per share is expected to be in the range of $1.55 to $1.75, based on estimated outstanding diluted weighted average shares of 51.8 million.
• After-tax amortization of intangibles is expected to be $7.3 million, or $0.14 per share.
• After-tax share-based compensation expense is expected to be $3.4 million, or $0.07 per share.

For earnings history and earnings-related data on SYNNEX Corp. (SNX) click here.

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