Global electronics components and solutions distributor Arrow Electronics (NYSE:ARW) will be reporting results this Thursday before market open. Here’s what to look for.
Arrow Electronics beat analysts’ revenue expectations by 7.2% last quarter, reporting revenues of $6.81 billion, down 1.6% year on year. It was an exceptional quarter for the company, with a solid beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.
Is Arrow Electronics a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Arrow Electronics’s revenue to grow 3.9% year on year to $7.16 billion, a reversal from the 19% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.05 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Arrow Electronics has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Arrow Electronics’s peers in the industrial machinery segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Worthington posted flat year-on-year revenue, beating analysts’ expectations by 5.6%, and GE Aerospace reported revenues up 11.6%, topping estimates by 6.5%. Worthington traded up 1.8% following the results while GE Aerospace was down 1.1%.
Read our full analysis of Worthington’s results here and GE Aerospace’s results here.
There has been positive sentiment among investors in the industrial machinery segment, with share prices up 5.5% on average over the last month. Arrow Electronics is up 2% during the same time and is heading into earnings with an average analyst price target of $115.25 (compared to the current share price of $130.03).
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