Tech Data (TECD) Tops Q1 EPS by 38c, Beats on Revenues; Offers 2Q EPS Mid-Point Guidance Above Consensus

Tech Data (NASDAQ: TECD) reported Q1 EPS of $1.84, $0.38 better than the analyst estimate of $1.46. Revenue for the quarter came in at $8.55 billion versus the consensus estimate of $8.13 billion.

Business Outlook

• For the quarter ending July 31, 2018, the Company anticipates worldwide net sales to be in the range of $8.6 billion to $8.9 billion.
• For the quarter ending July 31, 2018, the Company anticipates EPS to be in the range of $1.13 to $1.43 and non-GAAP EPS to be in the range of $1.95 to $2.25.
• This guidance assumes an average U.S. dollar to euro exchange rate of $1.18 to €1.00.
• This guidance assumes weighted average diluted shares outstanding of 38.8 million.
• For the quarter ending July 31, 2018, and the fiscal year ending January 31, 2019, the Company anticipates its effective tax rate will be in the range of 25 percent to 27 percent.

GUIDANCE:

Tech Data sees Q2 2019 EPS of $1.95-$2.25, versus the consensus of $2.09.

For earnings history and earnings-related data on Tech Data (TECD) click here.

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