NEW YORK (TheStreet) -- Shares of Sysco Corp. (SYY) - Get Report closed higher by 0.78% to $39.81 on heavy trading volume on Friday before the company reports its fiscal 2016 second quarter financial results on Monday before the market open.
The Houston-based food distributor is expected to report somewhat similar quarterly results as the fiscal 2015 second quarter.
Analysts have estimated earnings of 41 cents per share for the latest fiscal quarter, unchanged from the same quarter of fiscal 2015.
Revenue is estimated to increase 0.70% to $12.17 billion, compared with $12.09 billion that Sysco reported for the same period in fiscal 2015.
By the end of the trading day, 6.37 million shares of Sysco had exchanged hands, compared with its average daily volume of 4.31 million shares.
Separately, Sysco has a "buy" rating and a letter grade of A- at TheStreet Ratings because of the company's revenue growth and largely solid financial position.
You can view the full analysis from the report here: SYY
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.