Arrow Electronics Inc expected to post earnings of $4.34 a share - Earnings Preview

Arrow Electronics

01/08/2023 19:35

* Arrow Electronics Inc  ARW.N   ARW  is expected to show a
fall
in quarterly revenue when it reports  results on August 3. 
    * The Centennial Colorado-based  company is expected to
report  a
7.8% decrease in revenue to $8.727 billion from $9.46 billion a
year ago, according to the mean estimate from 7 analysts, based
on Refinitiv data. The company's guidance on May 4 2023, for the
period ended June 30, was for revenue between $8.42 billion and
$9.02 billion.
    * ​Refinitiv's mean analyst estimate for Arrow Electronics
Inc is
for earnings of $4.34 per share. The company's EPS guidance on
May 4 2023, for the period ended June 30, was between $4.25 and
$4.45 
    * 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​, below​ its last closing price of $142.54. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  4.50        4.50       4.60      Beat    2.3
 Dec. 31 2023  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
 ​​Mar.        4.58        4.56       5.43      Beat    19
 31 2022                                                
 Dec. 31 2021  4.45        4.45       5.37      Beat    20.8​
 Sep. 30 2021  3.54        3.54       4.04      Beat    14
 Jun. 30 2021  2.96        2.96       3.34      Beat    12.8
 This summary was machine generated August 1 at 18:35 GMT.  All
figures in US dollars  unless otherwise stated