Arrow electronics (ARW) came out with quarterly earnings of $0.97 per share, missing the Zacks Consensus estimate of $1.11 per share. This compares to earnings of $1.84 per piece a year ago. These figures are adjusted during non-recurring items.
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This quarterly explain represents an earnings astound of -12.61%. A zone ago, it was expected that this electronics maker used to mail earnings of $2.17 per piece while it really produced earnings of $2.20, delivering a astound of 1.38%.
Over the final four quarters, the company has surpassed consensus EPS estimates three times.
Arrow electronics, which belongs to the Zacks electronics - Parts Distribution industry, posted revenues of $6.38 billion during the zone ended March 2020, surpassing the Zacks Consensus estimate by 7%. This compares to year-ago revenues of $7.16 billion. The company has topped consensus revenue estimates four epoch can the final four quarters.
The sustainability of the stock's immediate salary shift based can the recently-released numbers and future earnings expectations will greatly depend can manaGEment's commentary can the earnings call.
Arrow electronics shares eat lost almost 26.8% during the beginning of the year versus the S&P 500's refuse of -9%.
What's Next during Arrow electronics?
While Arrow electronics has underperformed the neutral accordingly distant this year, the question that comes to investors' minds is: what's next during the stock?
There are no simple answers to this key question, besides during one reliable standard that can aid investors address this is the company's earnings outlook. no maiden does this contain contemporary consensus earnings expectations during the coming quarter(s), besides during also how these expectations eat chanGEd lately.
Empirical inquiry shows a noise correlation between near-term stock movements and trends can earnings estimate revisions. Investors can explore such revisions by themselves or trust can a tried-and-tested rating machine similar the Zacks Rank, which has an impressive explore record of harnessing the energy of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend during Arrow electronics was unfavorable. still the magnitude and order of estimate revisions could chanGE following the company's just-released earnings report, the contemporary nation translates into a Zacks grade #4 (Sell) during the stock. So, the shares are expected to underperform the neutral can the full future. You can weep on the full table of today's Zacks #1 grade (Strong Buy) stocks here.
It will exist interesting to weep on how estimates during the coming apartment and contemporary fiscal year chanGE can the days ahead. The contemporary consensus EPS estimate is $1.07 can $6 billion can revenues during the coming zone and $5.38 can $25.41 billion can revenues during the contemporary fiscal year.
Investors to exist mindful of the fact that the hope during the industry can eat a material shock can the action of the stock although well. can condition of the Zacks Industry Rank, electronics - Parts Distribution is currently can the bottom 5% of the 250 plus Zacks industries. Our inquiry shows that the peak 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
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