Arrow Electronics Inc expected to post earnings of $2.16 a share - Earnings Preview

Arrow Electronics

30/07/2024 19:33

* Arrow Electronics Inc  ARW.N   ARW  is expected to show a
fall
in quarterly revenue when it reports  results on August 1 for
the period ending June 30 2024
    * The Centennial Colorado-based  company is expected to
report a
23.4% decrease in revenue to $6.522 billion from $8.51 billion a
year ago, according to the mean estimate from 7 analysts, based
on LSEG data.The company's guidance on May 2 2024, for the
period ended June 30, was for revenue between $6.20 billion and
$6.80 billion.
    * ​LSEG's mean analyst estimate for Arrow Electronics Inc is
for
earnings of $2.16 per share. The company's EPS guidance on May 2
2024, for the period ended June 30, was between $2.05 and $2.25 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 6
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Arrow
Electronics
Inc is $128.50​, above​ its last closing price of $124.08. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  2.39        2.37       2.41      Beat    1.8
 Dec. 31 2024  3.72        3.72       3.98      Beat    7.1
 Sep. 30 2023  3.51        3.51       4.14      Beat    17.9​
 Jun. 30 2023  4.35        4.34       4.37      Beat    0.6
 ​​Mar.        4.50        4.50       4.60      Beat    2.3
 31 2023                                                
 Dec. 31 2022  5.67        5.68       5.69      Beat    0.2​
 Sep. 30 2022  5.39        5.39       5.45      Beat    1.2
 Jun. 30 2022  5.67        5.63       5.78      Beat    2.6
 This summary was machine generated July 30 at 18:33 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)