$SNX

For SNEX, consensus expectations are concentrated around the approximately $1.60-$1.63 EPS range, and this level points to fairly strong earnings growth compared with last year. The company’s tendency to generate positive earnings surprises on average in recent quarters increases the possibility of an upside break in expectations before this report. However, investors should not look only at the EPS number here, but also at net operating revenues, interest income from client funds, commission revenue, and the sustainability of commodity and derivative trading volumes.
Gross revenue may look very large because of physical commodity sales, but the real quality indicators are net operating revenues and operating leverage. ...
As you know, recently many stocks have broken their necklines coming from a long history and started a new story. Why shouldn’t SNX do the same?