Arrow Electronics Inc expected to post earnings of $4.50 a share - Earnings Preview

Arrow Electronics

02/05/2023 19:34

* Arrow Electronics Inc  ARW.N   ARW  is expected to show a
fall
in quarterly revenue when it reports  results on May 4. 
    * The Centennial Colorado-based  company is expected to
report  a
5.1% decrease in revenue to $8.608 billion from $9.07 billion a
year ago, according to the mean estimate from 6 analysts, based
on Refinitiv data. The company's guidance on February 2 2023,
for the period ended March 31, was for revenue between $8.33
billion and $8.93 billion.
    * ​Refinitiv's mean analyst estimate for Arrow Electronics
Inc is
for earnings of $4.50 per share. The company's EPS guidance on
February 2 2023, for the period ended March 31, was between
$4.40 and $4.60 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 5
"hold" and 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 $128.5​, above​ its last closing price of $115.27. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2022  5.67        5.63       5.78      Beat    2.6​
 Mar. 31 2022  4.58        4.56       5.43      Beat    19
 ​​Dec.        4.45        4.45       5.37      Beat    20.8
 31 2021                                                
 Sep. 30 2021  3.54        3.54       4.04      Beat    14​
 Jun. 30 2021  2.96        2.96       3.34      Beat    12.8
 Mar. 31 2021  2.30        2.30       2.84      Beat    23.6
 This summary was machine generated May 2 at 18:34 GMT.  All
figures in US dollars  unless otherwise stated