Earnings Preview: Sysco Reports Results Monday

Feb. 2.12 | About: SYSCO Corporation (SYY)

SYSCO Corporation (NYSE: SYY) is due to report earnings before the opening bell on February 06, 2012. Below we can see the results of SYS over the last few earnings periods. Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of a range of food and related products primarily to the foodservice or food-away-from-home industry. The company was founded in 1969 and is headquartered in Houston, Texas.

52 Week High: $32.76
52 Week Low: $25.09
Book Value: $7.92
Float Short: 3.69%

On average, 8 analysts are expecting a drop of $-0.11 in earnings per share compared to last quarter's results of $0.55. Wall Street is expecting $0.44 per share, based on earnings estimates. Analyst estimates range between $0.42 and $0.45 per share.

I have done business with Sysco in the past and I like the service and the company. I also like the stock from a slow and steady point of view. This is a company that appears to be ideally suited for covered call investing.

In the last month, the stock has increased in price 2.76%, and moving in price 3.25% from one year ago.
When comparing to the S&P 500, the year to date difference is -1.58%.

For the same fiscal period year-over-year, revenue has improved to $39.32 billion for 2011 vs. $37.24 billion for 2010. The bottom line has falling earnings year-over-year of $1.15 billion for 2011 vs. $1.18 billion for 2010.The company's earnings before interest and taxes are falling with an EBIT year-over-year of $1.93 billion for 2011 vs. $1.98 billion for 2010.

Here is a look at the fiscal year revenue.
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Here is the last few quarters to get an idea how well they perform compared to estimates
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Reported earnings per share compared to the mean estimate. Differences are rounded.

The total short interest number of shares for SYY
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The number of days to cover short interest based on average daily trading volume for SYY
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I use a proprietary blend of technical analysis, financial crowd behavior, and fundamentals in my short-term trades, and while not totally the same in longer swing trades to investments, the concepts used are similar. You may want to use this article as a starting point of your own research with your financial planner. I use Seeking Alpha, Edgar Online, and Yahoo Finance for most of my data. I use the "confirmed" symbols from earnings.com that I believe to be of the most interest.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.