Arrow Electronics (ARW) is a Zacks Rank #5 (Strong Sell) as earnings estimates have tracked lower after a recent earnings beat.  The company makes electronic components for a wide range of industries. This article will look at why this stock is a Zacks Rank #5 (Strong Sell) as it is the Bear of the Day.DescriptionArrow Electronics, Inc. engages in the provision of products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions. It operates und ...

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:Custom Truck One Source (CTOS) is a provider of specialized truck and heavy equipment solutions to the utility, telecommunications, rail and infrastructure markets principally in North America. The Zacks Consensus Estimate for its current year earnings has been revised 44.4% downward over the last 60 days.Arrow Electronics (ARW) is one of the world’s largest distributors of electronic components and enterprise computing products. The ...

Generally speaking, in the market and in life, there’s safety in numbers. And in many (maybe most) cases, it’s better to go with the crowd. However, there are also times when it makes sense to zig while others zag, which segues into contrarian stocks.Frankly, these ideas are unloved by the experts. Because of that, it’s difficult to properly assess their true value. With analyst sell ratings come downgraded financial projections. So, on paper, it looks like you’re buying into value traps.I’m not going to di ...

Arrow Electronics (ARW) has collaborated with Resideo Technologies (REZI) to help Habitat for Humanity create smart home technology in Aurora, CO. This partnership aims to enhance the quality of life for residents in the Mountain View Community Homes, providing them with secure, convenient and energy-efficient living spaces at no additional cost.Both companies are equipping each home in the Mountain View Community with a suite of smart home devices. These include products from Resideo's First Alert and Hone ...

Arrow Electronics Investor Presentation May 2024 Safe harbor This presentation includes “forward-looking” statements, as the term is defined under the federal securities laws, including but not limited to statements regarding: Arrow’s future financial performance, including its outlook on financial results for the second quarter of fiscal 2024 such as sales, net income per diluted share, non-GAAP net income per diluted share, average tax rate, average diluted shares outstanding, interest and other expense, ...

Arrow Electronics, Inc. (NYSE:ARW) Q1 2024 Earnings Conference Call May 2, 2024 1:00 PM ET Company Participants Raj Agrawal – Senior Vice President and Chief Financial Officer Brad Windbigler – Vice President of Investor Relations Sean Kerins – President and Chief Executive Officer Rick Marano – President of Global Components Conference Call Participants William Stein – Truist Securities Joe Quatrochi – Wells Fargo Ruplu Bhattacharya – Bank of America Operator Good day, and welcome to the Arrow Electronics ...

For the quarter ended March 2024, Arrow Electronics (ARW) reported revenue of $6.92 billion, down 20.7% over the same period last year. EPS came in at $2.41, compared to $4.60 in the year-ago quarter.The reported revenue represents a surprise of -1.10% over the Zacks Consensus Estimate of $7 billion. With the consensus EPS estimate being $2.31, the EPS surprise was +4.33%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine th ...

ARROW ELECTRONICS, INC. 9151 EAST PANORAMA CIRCLE CENTENNIAL, CO 80112 303-824-4000 NEWS Exhibit 99.1 Arrow Electronics Reports First-Quarter 2024 Results -- Sales of $6.9 billion in line with guidance -- -- First-Quarter Earnings Per Diluted Share of $1.53; Non-GAAP Earnings Per Diluted Share of $2.41 -- CENTENNIAL, Colo.--(BUSINESS WIRE)- May 2, 2024--Arrow Electronics, Inc. (NYSE:ARW) today announced financial results for its first quarter of 2024. "We continued to execute well in a challenging market en ...

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:Altice USA (ATUS) is one of the largest broadband communications and video services providers in the United States. The Zacks Consensus Estimate for its current year earnings has been revised 52.2% downward over the last 60 days.Cambium Networks (CMBM) operates as a wireless solutions provider, connecting people with a flexible network infrastructure. The Zacks Consensus Estimate for its current year earnings has been revised 45% down ...

Arrow Electronics (ARW) has introduced ArrowSphere Assistant, an artificial intelligence (AI)-powered tool to help channel partners manage their cloud business more effectively.This tool, powered by Microsoft (MSFT) Azure AI, assists users in making quicker decisions, improving cloud service delivery and identifying new revenue opportunities. By streamlining workflows, it enables partners to generate reports, receive recommendations and turn insights into actionable strategies.ArrowSphere Assistant equips c ...