What analyst predict for Sysco Corporation NYSE:SYY

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What analyst predict for Sysco Corporation NYSE:SYY

Sysco Corporation NYSE:SYY headquartered in Houston, United States is reporting their earnings on 05/07/2018 before the bell. Street forecast for the quarter ending March 2018 is $0.64.

According to stock market daily analyst this is Lower then same time previous year. Sysco Corporation reported EPS for the same quarter last year was $0.51.

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Overview of Sysco Corporation NYSE:SYY

Sysco Corporation is an American multinational corporation involved in marketing and distributing food products to restaurants, healthcare and educational facilities, hotels and inns, and other foodservice and hospitality businesses. The company is headquartered in the Energy Corridor district of Houston, Texas.

Sysco, an acronym for Systems and Services Company, is the world’s largest broadline food distributor; it has more than 500,000 clients in a wide array of fields. Management consulting is also an integral part of their services. As of July 2, 2017, the company operated over 300 distribution facilities worldwide.

The company was founded by Herbert Irving, John F. Baugh and Harry Rosenthal in 1969. The company became public on March 3, 1970. On July 20, 2009, Fortune magazine ranked Sysco No. 204 in the annual Fortune 500 companies in world based on sales volume. On May 3, 2010, Fortune ranked Sysco as the 7th largest Fortune 500 Company in Texas and 55th largest in the U.S. by total revenue.[4] Sysco is also the largest non-oil related company in Houston and the third largest non-oil related company in Texas (Behind AT&T and Dell).

In December 2013, Sysco announced an $8.2 billion planned acquisition of its next-largest food distribution rival, US Foods. After a U.S. federal judge ruled that the combined company would lack competition because it would control 75% of the U.S. food service industry, Sysco terminated its merger with US Foods.

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