Arrow Electronics Inc expected to post earnings of $2.22 a share - Earnings Preview

Reuters
29 Oct 2024

* Arrow Electronics Inc is expected to show a fall in quarterly revenue when it reports results on October 31 for the period ending January 1 0001

* The Centennial Colorado-based company is expected to report a 15.9% decrease in revenue to $6.73 billion from $8.01 billion a year ago, according to the mean estimate from 7 analysts, based on LSEG data.The company's guidance on August 1 2024, for the period ended September 30, was for revenue between $6.37 billion and $6.97 billion.

* ​LSEG's mean analyst estimate for Arrow Electronics Inc is for earnings of $2.22 per share. The company's EPS guidance on August 1 2024, for the period ended September 30, was between $2.10 and $2.30

* 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 $134.50​, above​ its last closing price of $133.82. ​​​

Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI

ENDING ARTESTIMAT ESTIMATE MET, SE %

E® MISSED

Jun. 30 2024 2.17 2.16 2.49 Beat 15.3

Mar. 31 2024 2.39 2.37 2.41 Beat 1.8

Dec. 31 2023 3.72 3.72 3.98 Beat 7.1​

Sep. 30 2023 3.51 3.51 4.14 Beat 17.9

​​Jun. 4.35 4.34 4.37 Beat 0.6

30 2023

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

This summary was machine generated October 29 at 13:52 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)

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