On Thursday, Jan. 24, Avnet AVT will report its last quarter's earnings. Here is Benzinga's take on the company's release.
Earnings and Revenue
Wall Street expects EPS of $1.04 and sales around $5.08 billion.
If the company were to post earnings inline with the consensus estimate when it reports Thursday, EPS would be up 33.33 percent. Revenue would be up 12.34 percent from the same quarter last year. Avnet's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q1 2019 | Q4 2018 | Q3 2018 | Q2 2018 |
| EPS Estimate | 1.02 | 0.98 | 0.96 | 0.73 |
| EPS Actual | 1.03 | 0.99 | 1.02 | 0.78 |
Stock Performance
Over the last 52-week period, shares are down 4.69 percent. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release. Analysts have adjusted their estimates higher for EPS and revenues over the past 90 days. The most common rating from analysts on Avnet stock is a Neutral. The strength of this rating has maintained conviction over the past three months.
Conference Call
Avnet is scheduled to hold a conference call at 4:00 p.m. ET and it can be accessed here: https://www.ir.avnet.com/events/event-details/second-quarter-fiscal-year-2019-earnings
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
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