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Arrow Electronics (ARW) Q1 Earnings: Is a Beat in Store?
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Arrow Electronics, Inc. (ARW - Free Report) is slated to release first-quarter 2018 results on May 3.
Notably, the company has a mixed earnings surprise history. The company surpassed the Zacks Consensus Estimate in three of the trailing four quarters. So, let’s see how things are shaping up prior to this announcement.
What the Zacks Model Unveils
According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or #3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP. The Sell-rated stocks (Zacks Rank #4 or #5) are best avoided.
Arrow Electronics has a Zacks Rank #2 and an Earnings ESP of +0.66%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
The Zacks Consensus Estimate for the first quarter is pegged at $1.82 per share, indicating 24.7% increase on a year-over-year basis. Revenues are estimated to be around $6.63 billion, indicating 15.2% increase from the year-ago quarter.
Factors to Consider
Arrow’s strong distribution channels are being selected by original equipment manufacturers, contract manufacturers and commercial customers for marketing their products, which is driving the company’s top line.
Moreover, the company has secured significant market share through a broad portfolio of products and services, and continued efforts to maximize consumer satisfaction.
Additionally, the company’s initiatives to strengthen its presence in the IoT domain are also impressive. In January 2018, it announced a partnership with the Internet of Things (IoT) foundry of AT&T (T - Free Report) , which is based out of Plano, TX. The foundry, formed with the aim of assisting companies with innovation of IoT solutions, offers a workspace and an incubation unit.
In January, the company also acquired eInfochips, one of the prominent design and managed services companies worldwide, for enhancing its foothold in IoT space. We believe all these initiatives will aid the company in its first-quarter 2018 results.
Here are some companies that you may also want to consider as our model shows that these have the right combination of elements to post an earnings beat:
Fortinet, Inc. (FTNT - Free Report) has an Earnings ESP of +2.70% and a Zacks Rank #3.
CyberArk Software Ltd. (CYBR - Free Report) has an Earnings ESP of +3.53% and a Zacks Rank #3.
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Image: Bigstock
Arrow Electronics (ARW) Q1 Earnings: Is a Beat in Store?
Arrow Electronics, Inc. (ARW - Free Report) is slated to release first-quarter 2018 results on May 3.
Notably, the company has a mixed earnings surprise history. The company surpassed the Zacks Consensus Estimate in three of the trailing four quarters. So, let’s see how things are shaping up prior to this announcement.
What the Zacks Model Unveils
According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or #3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP. The Sell-rated stocks (Zacks Rank #4 or #5) are best avoided.
Arrow Electronics has a Zacks Rank #2 and an Earnings ESP of +0.66%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
The Zacks Consensus Estimate for the first quarter is pegged at $1.82 per share, indicating 24.7% increase on a year-over-year basis. Revenues are estimated to be around $6.63 billion, indicating 15.2% increase from the year-ago quarter.
Factors to Consider
Arrow’s strong distribution channels are being selected by original equipment manufacturers, contract manufacturers and commercial customers for marketing their products, which is driving the company’s top line.
Moreover, the company has secured significant market share through a broad portfolio of products and services, and continued efforts to maximize consumer satisfaction.
Additionally, the company’s initiatives to strengthen its presence in the IoT domain are also impressive. In January 2018, it announced a partnership with the Internet of Things (IoT) foundry of AT&T (T - Free Report) , which is based out of Plano, TX. The foundry, formed with the aim of assisting companies with innovation of IoT solutions, offers a workspace and an incubation unit.
In January, the company also acquired eInfochips, one of the prominent design and managed services companies worldwide, for enhancing its foothold in IoT space. We believe all these initiatives will aid the company in its first-quarter 2018 results.
Arrow Electronics, Inc. Price and EPS Surprise
Arrow Electronics, Inc. Price and EPS Surprise | Arrow Electronics, Inc. Quote
Other Stocks to Consider
Here are some companies that you may also want to consider as our model shows that these have the right combination of elements to post an earnings beat:
Fortinet, Inc. (FTNT - Free Report) has an Earnings ESP of +2.70% and a Zacks Rank #3.
CyberArk Software Ltd. (CYBR - Free Report) has an Earnings ESP of +3.53% and a Zacks Rank #3.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>