Arrow Electronics Inc expected to post earnings of $2.37 a share - Earnings Preview

Arrow Electronics

30/04/2024 15:59

* Arrow Electronics Inc  ARW.N   ARW  is expected to show a
fall
in quarterly revenue when it reports  results on May 2 for the
period ending March 31 2024
    * The Centennial Colorado-based  company is expected to
report a
19.3% decrease in revenue to $7.046 billion from $8.74 billion a
year ago, according to the mean estimate from 7 analysts, based
on LSEG data.The company's guidance on February 8 2024, for the
period ended March 31, was for revenue between $6.70 billion and
$7.30 billion.
    * ​LSEG's mean analyst estimate for Arrow Electronics Inc is
for
earnings of $2.37 per share. The company's EPS guidance on
February 8 2024, for the period ended March 31, was between
$2.20 and $2.40 
    * 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 $124.50​, below​ its last closing price of $128.78. ​​​

This summary was machine generated April 30 at 14:59 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)