Wall Street analysts expect Arrow Electronics (ARW) to post quarterly earnings of $2.69 per share in its upcoming report, which indicates a year-over-year decline of 32.4%. Revenues are expected to be $7 billion, down 10.9% from the year-ago quarter.The consensus EPS estimate for the quarter has been revised 2.9% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Ahead of a company's ...

Core Insights - Arrow Electronics, Inc. (NYSE: ARW) is set to report its Q4 and full-year 2024 results on February 4th, with expectations for the quarter being analyzed [1] Company Overview - The company is focused on maintaining a long-term investment horizon, typically between 5 to 10 years, and emphasizes a portfolio that includes a mix of growth, value, and dividend-paying stocks, with a particular focus on value [1]

Group 1 - The investment approach focuses on long-term investments while incorporating short-term shorts to uncover alpha opportunities [1] - The analysis is based on bottom-up evaluation, emphasizing the fundamental strengths and weaknesses of individual companies [1] - The goal is to identify companies with solid fundamentals, sustainable competitive advantages, and growth potential [1]

Core Insights - Arrow Electronics reported third-quarter 2024 adjusted earnings of $2.38 per share, exceeding the Zacks Consensus Estimate by 6.73%, but reflecting a 42.5% decline year over year due to lower revenues and unfavorable market conditions [1] - Total revenues for the quarter were $6.82 billion, down 14.78% from the previous year, yet still surpassing the Zacks Consensus Estimate by 1.21% [1] Revenue Breakdown - Global Component sales fell 20.8% year over year to $4.9 billion, primarily due to a prolonged semiconductor inventory correction, with EMEA revenues declining 35.1%, Americas down 12.3%, and Asia-Pacific down 15.49% [3] - Global Enterprise Computing Solutions (ECS) revenues increased 6.5% year over year to $1.87 billion, with revenue growth in America and EMEA at 1.6% and 13.17%, respectively [4] Operating Income and Margins - Non-GAAP operating income for Arrow Electronics decreased 43.3% to $215 million, with a non-GAAP operating margin shrinking by 150 basis points to 3.2% [5] Financial Position - The company ended the quarter with cash and cash equivalents of $248 million, an increase from $213 million in the previous quarter, while long-term debt decreased to $2.36 billion from $2.48 billion [6] - Arrow generated $80.55 million in cash from operating activities during the quarter [6] Shareholder Returns - In the third quarter, Arrow returned $50 million to shareholders through share repurchases, with approximately $375 million remaining under its current share repurchase authorization [7] Fourth-Quarter Guidance - For the fourth quarter of 2024, Arrow expects sales between $6.67 billion and $7.27 billion, with Global Components sales projected between $4.5 billion and $4.9 billion, and Global ECS sales anticipated between $2.17 billion and $2.37 billion [8] - Interest expenses are expected to range from $60 million to $65 million, with projected non-GAAP earnings per share between $2.48 and $2.68 [8] Currency Impact - The company anticipates that changes in foreign currencies will have an immaterial effect on fourth-quarter sales and earnings [9]

Arrow Electronics, Inc. (NYSE:ARW) Q3 2024 Results Conference Call October 31, 2024 1:00 PM ET Company Participants Brad Windbigler - Treasurer and Vice President of Investor Relations Sean Kerins - CEO, President Raj Agrawal - CFO Conference Call Participants Matt Sheerin - Stifel William Stein - Truist Securities Joe Quatrochi - Wells Fargo Ruplu Bhattacharya - Bank of America Melissa Fairbanks - Raymond James Toshiya Hari - Goldman Sachs Operator Ladies and gentlemen, good day, and welcome to the Arrow ...

For the quarter ended September 2024, Arrow Electronics (ARW) reported revenue of $6.82 billion, down 14.8% over the same period last year. EPS came in at $2.38, compared to $4.14 in the year-ago quarter. The reported revenue represents a surprise of +1.21% over the Zacks Consensus Estimate of $6.74 billion. With the consensus EPS estimate being $2.23, the EPS surprise was +6.73%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall ...

Arrow Electronics (ARW) came out with quarterly earnings of $2.38 per share, beating the Zacks Consensus Estimate of $2.23 per share. This compares to earnings of $4.14 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 6.73%. A quarter ago, it was expected that this electronics maker would post earnings of $2.16 per share when it actually produced earnings of $2.78, delivering a surprise of 28.70%. Over the last four quarters, ...

ARROW ELECTRONICS, INC. 9151 EAST PANORAMA CIRCLE CENTENNIAL, CO 80112 303-824-4000 NEWS Exhibit 99.1 Arrow Electronics Reports Third-Quarter 2024 Results -- Sales of $6.8 billion, at high-end of guidance range -- -- Third-Quarter Earnings Per Diluted Share of $1.88; Non-GAAP Earnings Per Diluted Share of $2.38 -- CENTENNIAL, Colo.--(BUSINESS WIRE)- Oct. 31, 2024--Arrow Electronics, Inc. (NYSE:ARW) today announced financial results for its third quarter of 2024. "In the third quarter, the company continued ...

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Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use a variety of methods, i ...