Examining the Future: Arrow Electronics's Earnings Outlook

Arrow Electronics (NYSE:ARW) is gearing up to announce its quarterly earnings on Thursday, 2024-10-31. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Arrow Electronics will report an earnings per share (EPS) of $2.22.

The market awaits Arrow Electronics's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.

It's important for new investors to understand that guidance can be a significant driver of stock prices.

Past Earnings Performance

In the previous earnings release, the company beat EPS by $0.62, leading to a 2.47% drop in the share price the following trading session.

Here's a look at Arrow Electronics's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

2.16

2.37

3.72

3.51

EPS Actual

2.78

2.41

3.98

4.14

Price Change %

-2.0%

2.0%

-2.0%

1.0%

Analysts' Perspectives on Arrow Electronics

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Arrow Electronics.

Arrow Electronics has received a total of 3 ratings from analysts, with the consensus rating as Neutral. With an average one-year price target of $130.33, the consensus suggests a potential 3.14% downside.

Peer Ratings Overview

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