Arrow Electronics Inc ARW.N, ARW is expected to show a fall in quarterly revenue when it reports results on February 6 for the period ending December 31 2024
The Centennial Colorado-based company is expected to report a 10.1% decrease in revenue to $7.059 billion from $7.85 billion a year ago, according to the mean estimate from 6 analysts, based on LSEG data.The company's guidance on October 31 2024, for the period ended December 31, was for revenue between $6.67 billion and $7.27 billion.
LSEG's mean analyst estimate for Arrow Electronics Inc is for earnings of $2.63 per share. The company's EPS guidance on October 31 2024, for the period ended December 31, was between $2.48 and $2.68
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 $132.50, above its last closing price of $113.50.
Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
Sep. 30 2024 | 2.22 | 2.22 | 2.38 | Beat | 7.2 |
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. 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 |
This summary was machine generated February 4 at 13:32 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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