Arrow Electronics Inc expected to post earnings of $3.51 a share - Earnings Preview

Arrow Electronics

31/10/2023 18:32

* Arrow Electronics Inc  ARW.N   ARW  is expected to show a
fall
in quarterly revenue when it reports  results on November 2. 
    * The Centennial Colorado-based  company is expected to
report  a
12.7% decrease in revenue to $8.092 billion from $9.27 billion a
year ago, according to the mean estimate from 7 analysts, based
on Refinitiv data. The company's guidance on August 3 2023, for
the period ended September 30, was for revenue between $7.78
billion and $8.38 billion.
    * ​Refinitiv's mean analyst estimate for Arrow Electronics
Inc is
for earnings of $3.51 per share. The company's EPS guidance on
August 3 2023, for the period ended September 30, was between
$3.40 and $3.60 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 5
"hold" and 2 "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 $132​, above​ its last closing price of $112.52. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2023  4.35        4.34       4.37      Beat    0.6
 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
 ​​Jun.        5.67        5.63       5.78      Beat    2.6
 30 2022                                                
 Mar. 31 2022  4.58        4.56       5.43      Beat    19​
 Dec. 31 2021  4.45        4.45       5.37      Beat    20.8
 Sep. 30 2021  3.54        3.54       4.04      Beat    14
 This summary was machine generated October 31 at 18:31 GMT.  All
figures in US dollars  unless otherwise stated