Avnet: Q2 Earnings Insights - Avnet (NASDAQ:AVT)

Avnet AVT reported its Q2 earnings results on Wednesday, January 26, 2022 at 04:05 PM.

Here's what investors need to know about the announcement.

Avnet beat estimated earnings by 18.9%, reporting an EPS of $1.51 versus an estimate of $1.27, which surprised analysts.

Revenue was up $1.20 billion from the same period last year.

Last quarter the company beat on EPS by $0.14, which was followed by a 2.12% increase in the share price the next day.

Here's a look at Avnet's past performance:

Quarter	Q1 2022	Q4 2021	Q3 2021	Q2 2021
EPS Estimate	1.08	0.79	0.56	0.39
EPS Actual	1.22	1.12	0.74	0.48
Revenue Estimate	5.29B	5.00B	4.59B	4.27B
Revenue Actual	5.58B	5.23B	4.92B	4.67B

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Avnet management provided guidance for their next quarter, expecting earnings between $1.45 and $1.55 per share for the next quarter.

This represents a -0.66% in quarter-over-quarter growth for Avnet, a bearish signal to many investors.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.