ARW's third-quarter 2024 results reflect lower revenues and excess inventory headwinds.
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 Electronics Third Quarter 2024 Earnings Call. Today's conference is being recorded.
While the top- and bottom-line numbers for Arrow Electronics (ARW) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
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.
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Arrow Electronics (ARW) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Buy rating maintained for Arrow Electronics stock due to better visibility into the timing of growth recovery. 2Q24 results show positive signs with revenue stabilization, improving booking trends, and inventory management. Risks include the timing of the recovery cycle and global economic slowdown.
Arrow Electronics' (ARW) second-quarter 2024 results reflect lower revenues and unfavorable foreign currency exchange rates.
Although the revenue and EPS for Arrow Electronics (ARW) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Arrow Electronics (ARW) came out with quarterly earnings of $2.78 per share, beating the Zacks Consensus Estimate of $2.16 per share. This compares to earnings of $4.37 per share a year ago.
Arrow Electronics (ARW) unveils a unique data-communication reference design for EV charging, marking a solid advancement in the rapidly evolving EV infrastructure landscape.