Arrow Electronics Inc expected to post earnings of $2.22 a share - Earnings Preview

Arrow Electronics

29/10/2024 13:53

* Arrow Electronics Inc  ARW.N   ARW  is expected to show a
fall
in quarterly revenue when it reports  results on October 31 for
the period ending January 1 0001
    * The Centennial Colorado-based  company is expected to
report a
15.9% decrease in revenue to $6.73 billion from $8.01 billion a
year ago, according to the mean estimate from 7 analysts, based
on LSEG data.The company's guidance on August 1 2024, for the
period ended September 30, was for revenue between $6.37 billion
and $6.97 billion.
    * ​LSEG's mean analyst estimate for Arrow Electronics Inc is
for
earnings of $2.22 per share. The company's EPS guidance on
August 1 2024, for the period ended September 30, was between
$2.10 and $2.30 
    * 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 $134.50​, above​ its last closing price of $133.82. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  2.17        2.16       2.49      Beat    15.3
 Mar. 31 2024  2.39        2.37       2.41      Beat    1.8
 Dec. 31 2023  3.72        3.72       3.98      Beat    7.1​
 Sep. 30 2023  3.51        3.51       4.14      Beat    17.9
 ​​Jun.        4.35        4.34       4.37      Beat    0.6
 30 2023                                                
 Mar. 31 2023  4.50        4.50       4.60      Beat    2.3​
 Dec. 31 2022  5.67        5.68       5.69      Beat    0.2
 Sep. 30 2022  5.39        5.39       5.45      Beat    1.2
 This summary was machine generated October 29 at 13:52 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)