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Sysco's (SYY) Q1 Earnings & Sales Top the Zacks Consensus

Sysco Corp. SYY markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry. The company recently came out with its first-quarter fiscal 2018 results wherein earnings of 74 cents came ahead of the Zacks Consensus Estimate by a cent and also increased 10.4% from the prior-year quarter.

Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2018 has increased by a cent in the last 30 days. In the trailing four quarters, excluding the quarter under review, the company outperformed the Zacks Consensus Estimate by an average of 5.6%.

Revenues: Sysco generated total sales of $14,650 million that increased 4.9% year over year and came ahead of the Zacks Consensus Estimate of $14,457 million.

Sysco Corporation Price, Consensus and EPS Surprise

Zacks Rank: Currently, Sysco carries a Zacks Rank #2 (Buy) which is subject to change following the earnings announcement.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here

Check back later for our full write up on Sysco’s earnings report!

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