Zacks Research Analysts Cut Earnings Estimates for TD SYNNEX

Key Points

• Zacks Research cut its Q1 2027 EPS estimate for TD SYNNEX to $3.69 (from $4.29) but maintained a "Strong‑Buy" stance and projects FY2027 EPS around $15.95 and FY2028 EPS around $17.40.
• TD SYNNEX recently beat quarterly expectations, reporting EPS of $4.73 vs. consensus $3.24 and revenue of $17.16 billion (up 18.1% year‑over‑year).
• Insiders sold a notable amount of stock (82,165 shares worth about $13.6M last quarter), while the shares trade near a 52‑week high (~$227.8); analysts' consensus is a Moderate Buy with an average target of $186.50.

TD SYNNEX Corporation (NYSE:SNX - Free Report) - Equities research analysts at Zacks Research reduced their Q1 2027 earnings estimates for TD SYNNEX in a research note issued to investors on Thursday, April 23rd. Zacks Research analyst Team now expects that the business services provider will post earnings of $3.69 per share for the quarter, down from their prior forecast of $4.29. Zacks Research currently has a "Strong-Buy" rating on the stock. The consensus estimate for TD SYNNEX's current full-year earnings is $15.69 per share. Zacks Research also issued estimates for TD SYNNEX's Q2 2027 earnings at $4.17 EPS, Q3 2027 earnings at $4.05 EPS, Q4 2027 earnings at $4.03 EPS, FY2027 earnings at $15.95 EPS, Q1 2028 earnings at $4.20 EPS and FY2028 earnings at $17.40 EPS.

TD SYNNEX (NYSE:SNX - Get Free Report) last issued its quarterly earnings results on Tuesday, March 31st. The business services provider reported $4.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.24 by $1.49. TD SYNNEX had a net margin of 1.52% and a return on equity of 14.03%. The business had revenue of $17.16 billion for the quarter, compared to analyst estimates of $15.59 billion. During the same period in the previous year, the business posted $2.80 earnings per share. The business's revenue was up 18.1% compared to the same quarter last year.

A number of other brokerages have also issued reports on SNX. UBS Group boosted their price target on shares of TD SYNNEX from $187.00 to $193.00 and gave the stock a "buy" rating in a research note on Friday, January 9th. Wall Street Zen upgraded shares of TD SYNNEX from a "hold" rating to a "buy" rating in a research note on Saturday, February 21st. Royal Bank Of Canada boosted their price objective on shares of TD SYNNEX from $180.00 to $210.00 and gave the stock an "outperform" rating in a report on Wednesday, April 1st. The Goldman Sachs Group boosted their price objective on shares of TD SYNNEX from $180.00 to $205.00 and gave the stock a "buy" rating in a report on Thursday, April 2nd. Finally, Morgan Stanley boosted their price objective on shares of TD SYNNEX from $172.00 to $174.00 and gave the stock an "overweight" rating in a report on Friday, March 20th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, TD SYNNEX presently has an average rating of "Moderate Buy" and an average target price of $186.50.

TD SYNNEX Trading Up 0.0%

Shares of TD SYNNEX stock opened at $227.72 on Monday. TD SYNNEX has a 52-week low of $108.19 and a 52-week high of $227.84. The company has a quick ratio of 0.71, a current ratio of 1.22 and a debt-to-equity ratio of 0.41. The company's 50-day simple moving average is $175.02 and its 200-day simple moving average is $161.43. The firm has a market cap of $18.31 billion, a price-to-earnings ratio of 18.93, a price-to-earnings-growth ratio of 1.15 and a beta of 1.23.

TD SYNNEX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 29th. Investors of record on Wednesday, April 15th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a $1.92 dividend on an annualized basis and a yield of 0.8%. TD SYNNEX's payout ratio is currently 15.96%.

Insider Activity

In related news, insider Miriam Anne Murphy sold 3,025 shares of the business's stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of $200.14, for a total transaction of $605,423.50. Following the sale, the insider owned 10,820 shares of the company's stock, valued at approximately $2,165,514.80. The trade was a 21.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard T. Hume sold 23,365 shares of the business's stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $160.63, for a total transaction of $3,753,119.95. Following the sale, the director directly owned 42,515 shares in the company, valued at approximately $6,829,184.45. This represents a 35.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 82,165 shares of company stock valued at $13,559,368 in the last quarter. Insiders own 0.70% of the company's stock.

Institutional Trading of TD SYNNEX

Several institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp lifted its holdings in shares of TD SYNNEX by 0.4% in the third quarter. State Street Corp now owns 2,372,733 shares of the business services provider's stock valued at $388,535,000 after purchasing an additional 9,024 shares in the last quarter. Ninety One UK Ltd lifted its holdings in shares of TD SYNNEX by 13.1% in the fourth quarter. Ninety One UK Ltd now owns 2,229,091 shares of the business services provider's stock valued at $334,876,000 after purchasing an additional 258,630 shares in the last quarter. LSV Asset Management lifted its holdings in shares of TD SYNNEX by 16.1% in the fourth quarter. LSV Asset Management now owns 2,086,604 shares of the business services provider's stock valued at $313,471,000 after purchasing an additional 288,625 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of TD SYNNEX by 6.9% in the fourth quarter. Geode Capital Management LLC now owns 1,532,784 shares of the business services provider's stock valued at $230,315,000 after purchasing an additional 99,090 shares in the last quarter. Finally, Metropolis Capital Ltd lifted its holdings in shares of TD SYNNEX by 9.5% in the first quarter. Metropolis Capital Ltd now owns 1,281,307 shares of the business services provider's stock valued at $216,169,000 after purchasing an additional 111,222 shares in the last quarter. Hedge funds and other institutional investors own 84.00% of the company's stock.

TD SYNNEX News Roundup

Here are the key news stories impacting TD SYNNEX this week:

• Positive Sentiment: Zacks Research substantially raised TD SYNNEX’s earnings outlook across FY2026–FY2028 (FY2026 to $15.05, FY2027 to $17.28, FY2028 to $20.29) and raised many quarterly EPS targets, while maintaining a "Strong‑Buy" view — this lifts forward earnings expectations and supports valuation. MarketBeat SNX
• Positive Sentiment: TD SYNNEX won Google Cloud’s 2026 Distribution: Market Reach Partner of the Year award — strengthens its strategic positioning in cloud distribution and could accelerate cloud-related revenue and margin expansion. TD SYNNEX Wins 2026 Google Cloud Distribution Award
• Positive Sentiment: Zacks highlighted SNX as a "fast‑paced momentum" stock that still looks reasonably valued — this narrative can attract momentum and value‑oriented flows. Fast-paced Momentum Stock Article
• Neutral Sentiment: A Zacks comparison piece examines SNX vs. Dynatrace (DT) for value investors — useful context but not an immediate catalyst by itself. SNX or DT: Which Is the Better Value Stock Right Now?
• Negative Sentiment: Offsetting some upgrades, Zacks trimmed a few near‑term quarter estimates (notably Q3 2026 and Q4 2026), which could temper short‑term expectations if results follow the reduced quarterly cadence. (Estimates cited in Zacks research notes.)

TD SYNNEX Company Profile

TD SYNNEX NYSE: SNX is a leading global distributor and solutions aggregator for the information technology industry. Formed in September 2021 through the merger of Tech Data and SYNNEX Corporation, the company provides a comprehensive range of products, services and solutions that span hardware, software, cloud, mobility, security and data center technologies. TD SYNNEX partners with vendors, resellers and system integrators to design, deploy and support IT infrastructures across diverse market segments, including commercial enterprises, public sector organizations and retail operations.

The company's core business activities include the distribution of technology products from manufacturers such as servers, storage, networking equipment and peripherals, as well as the resale and provisioning of software licenses and cloud-based solutions.

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