Arrow Electronics Inc expected to post earnings of $4.56 a share - Earnings Preview

Arrow Electronics

03/05/2022 19:33

* Arrow Electronics Inc  ARW.N   ARW  is expected to show a
rise
in quarterly revenue when it reports  results on May 5. 
    * The Englewood Colorado-based  company is expected to
report  a
3.9% increase in revenue to $8.711 billion from $8.39 billion a
year ago, according to the mean estimate from 7 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Arrow Electronics
Inc is
for earnings of $4.56 per share. For the same quarter last year,
the company reported earnings of $2.84 per share.
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 8
"hold" and no "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 $145​, above​ its last closing price of $119.99. ​​​
    * 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 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​
 Mar. 31 2021  2.30        2.30       2.84      Beat    23.6
 ​​Dec.        2.67        2.67       3.17      Beat    18.7
 31 2020                                                
 Sep. 30 2020  1.70        1.66       2.08      Beat    25.1​
 Jun. 30 2020  1.45        1.45       1.59      Beat    9.6
 Mar. 31 2020  1.10        1.09       0.97      Missed  -11.3
 This summary was machine generated May 3 at 18:32 GMT.  All
figures in US dollars  unless otherwise stated