TD SYNNEX's Q3: Earnings Beat, Revenue Surge, And IT Market Recovery On The Horizon
Quarterly Performance: TD SYNNEX Corp reported a strong third-quarter performance with an adjusted EPS of $2.86 and revenue of $14.69 billion, both exceeding analyst expectations. The company also returned $91 million to shareholders through dividends and share repurchases.
Future Outlook: For the fourth quarter, TD SYNNEX anticipates adjusted EPS between $2.80 and $3.30 and projects revenue of $14.9 billion to $15.7 billion, indicating continued optimism in the IT market recovery.
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Analyst Views on RWK
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Look Under The Hood: RWK Has 11% Upside
ETF Analysis: The Invesco S&P MidCap 400 Revenue ETF (RWK) has an implied analyst target price of $133.38, indicating an 11.43% upside from its current trading price of $119.70.
Stock Performance Insights: Notable underlying holdings such as Taylor Morrison Home Corp, Blackbaud, Inc., and Hancock Whitney Corp show potential upsides of 14.90%, 12.78%, and 12.50% respectively, raising questions about the validity of analysts' targets amidst market conditions.
Sum Up The Parts: RWK Could Be Worth $130
ETF Analysis: The Invesco S&P MidCap 400 Revenue ETF (RWK) has an implied analyst target price of $130.11, indicating an 18.13% upside from its recent trading price of $110.14.
Stock Performance Insights: Notable underlying holdings such as ASGN Inc, Trex Co Inc, and IPG Photonics Corp show significant potential for growth based on analyst target prices, raising questions about the validity of these targets in light of market conditions.
Analysts Predict 14% Upside For RWK
ETF Analyst Target Prices: The Invesco S&P MidCap 400 Revenue ETF (RWK) has an implied analyst target price of $138.38, suggesting a potential upside of 13.81% from its current trading price of $121.59.
Individual Stock Upside Potential: Notable underlying holdings like Cleveland-Cliffs Inc, Neogen Corp, and Vail Resorts Inc show significant upside potential based on analyst targets, with expected increases of 30.50%, 22.16%, and 17.03% respectively.
TD SYNNEX Delivers Strong Q4, Raises Dividend Amid IT Growth Momentum; Stock Gains
Quarterly Performance: TD SYNNEX Corp reported a fourth-quarter revenue of $15.85 billion, exceeding analyst expectations, with an adjusted EPS of $3.09 and a 10% year-over-year revenue increase.
Future Outlook: The company anticipates first-quarter adjusted EPS between $2.65 and $3.15, projecting revenue of $14.4 billion to $15.2 billion, while also increasing its quarterly cash dividend by 10%.
Add Up The Parts: RWK Could Be Worth $137
ETF Analyst Target Prices: The Invesco S&P MidCap 400 Revenue ETF (RWK) has an implied analyst target price of $137.02 per unit, indicating a potential upside of 17.75% from its recent trading price of $116.37.
Individual Stock Upside Potential: Notable underlying holdings such as Wingstop Inc, Brinks Co, and Nexstar Media Group show significant upside potential, with expected increases of 34.58%, 31.41%, and 25.91% respectively, compared to their current share prices.
The Math Shows RWK Can Go To $130
ETF Target Price Analysis: The Invesco S&P MidCap 400 Revenue ETF (RWK) has an implied analyst target price of $130.11, indicating a potential upside of 10.63% from its current trading price of $117.61.
Individual Stock Upside Potential: Notable underlying holdings such as Vishay Intertechnology, Gentex Corp., and ManpowerGroup show significant upside potential, with expected increases of 22.84% to 23.32% based on their respective analyst target prices compared to recent share prices.
Look Under The Hood: RWK Has 11% Upside
ETF Analysis: The Invesco S&P MidCap 400 Revenue ETF (RWK) has an implied analyst target price of $133.38, indicating an 11.43% upside from its current trading price of $119.70.
Stock Performance Insights: Notable underlying holdings such as Taylor Morrison Home Corp, Blackbaud, Inc., and Hancock Whitney Corp show potential upsides of 14.90%, 12.78%, and 12.50% respectively, raising questions about the validity of analysts' targets amidst market conditions.
Sum Up The Parts: RWK Could Be Worth $130
ETF Analysis: The Invesco S&P MidCap 400 Revenue ETF (RWK) has an implied analyst target price of $130.11, indicating an 18.13% upside from its recent trading price of $110.14.
Stock Performance Insights: Notable underlying holdings such as ASGN Inc, Trex Co Inc, and IPG Photonics Corp show significant potential for growth based on analyst target prices, raising questions about the validity of these targets in light of market conditions.
Analysts Predict 14% Upside For RWK
ETF Analyst Target Prices: The Invesco S&P MidCap 400 Revenue ETF (RWK) has an implied analyst target price of $138.38, suggesting a potential upside of 13.81% from its current trading price of $121.59.
Individual Stock Upside Potential: Notable underlying holdings like Cleveland-Cliffs Inc, Neogen Corp, and Vail Resorts Inc show significant upside potential based on analyst targets, with expected increases of 30.50%, 22.16%, and 17.03% respectively.
TD SYNNEX Delivers Strong Q4, Raises Dividend Amid IT Growth Momentum; Stock Gains
Quarterly Performance: TD SYNNEX Corp reported a fourth-quarter revenue of $15.85 billion, exceeding analyst expectations, with an adjusted EPS of $3.09 and a 10% year-over-year revenue increase.
Future Outlook: The company anticipates first-quarter adjusted EPS between $2.65 and $3.15, projecting revenue of $14.4 billion to $15.2 billion, while also increasing its quarterly cash dividend by 10%.
Add Up The Parts: RWK Could Be Worth $137
ETF Analyst Target Prices: The Invesco S&P MidCap 400 Revenue ETF (RWK) has an implied analyst target price of $137.02 per unit, indicating a potential upside of 17.75% from its recent trading price of $116.37.
Individual Stock Upside Potential: Notable underlying holdings such as Wingstop Inc, Brinks Co, and Nexstar Media Group show significant upside potential, with expected increases of 34.58%, 31.41%, and 25.91% respectively, compared to their current share prices.
The Math Shows RWK Can Go To $130
ETF Target Price Analysis: The Invesco S&P MidCap 400 Revenue ETF (RWK) has an implied analyst target price of $130.11, indicating a potential upside of 10.63% from its current trading price of $117.61.
Individual Stock Upside Potential: Notable underlying holdings such as Vishay Intertechnology, Gentex Corp., and ManpowerGroup show significant upside potential, with expected increases of 22.84% to 23.32% based on their respective analyst target prices compared to recent share prices.
