Arrow Electronics Inc expected to post earnings of $3.72 a share - Earnings Preview

Arrow Electronics

06/02/2024 16:29

* Arrow Electronics Inc  ARW.N   ARW  is expected to show a
fall
in quarterly revenue when it reports  results on February 8 for
the period ending December 31 2023
    * The Centennial Colorado-based  company is expected to
report a
15.9% decrease in revenue to $7.839 billion from $9.32 billion a
year ago, according to the mean estimate from 7 analysts, based
on LSEG data.The company's guidance on November 2 2023, for the
period ended December 31, was for revenue between $7.50 billion
and $8.10 billion. (Sales is based on Total Sales)
    * ​LSEG's mean analyst estimate for Arrow Electronics Inc is
for
earnings of $3.72 per share. The company's EPS guidance on
November 2 2023, for the period ended December 31, was between
$3.61 and $3.81 
    * 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 $127.00​, above​ its last closing price of $109.94. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 31 2023  4.50        4.50       4.60      Beat    2.3​
 Dec. 31 2022  5.67        5.68       5.69      Beat    0.2
 ​​Sep.        5.39        5.39       5.45      Beat    1.2
 30 2022                                                
 Jun. 30 2022  5.67        5.63       5.78      Beat    2.6​
 Mar. 31 2022  4.58        4.56       5.43      Beat    19
 Dec. 31 2021  4.45        4.45       5.37      Beat    20.8
 This summary was machine generated February 6 at 16:29 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)