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Avnet (AVT) Stock Moves -0.02%: What You Should Know
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Avnet (AVT - Free Report) closed at $41.29 in the latest trading session, marking a -0.02% move from the prior day. This change was narrower than the S&P 500's 0.1% loss on the day. At the same time, the Dow added 0.26%, and the tech-heavy Nasdaq lost 0.1%.
Coming into today, shares of the distributor of electronic components had gained 11.05% in the past month. In that same time, the Computer and Technology sector gained 3.66%, while the S&P 500 gained 4.4%.
Investors will be hoping for strength from Avnet as it approaches its next earnings release. In that report, analysts expect Avnet to post earnings of $1.25 per share. This would mark year-over-year growth of 160.42%. Our most recent consensus estimate is calling for quarterly revenue of $5.52 billion, up 18.33% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.87 per share and revenue of $22.16 billion. These totals would mark changes of +79.7% and +13.46%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Avnet. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Avnet currently has a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Avnet has a Forward P/E ratio of 8.49 right now. This represents a discount compared to its industry's average Forward P/E of 9.19.
Investors should also note that AVT has a PEG ratio of 0.31 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Electronics - Parts Distribution stocks are, on average, holding a PEG ratio of 0.34 based on yesterday's closing prices.
The Electronics - Parts Distribution industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 1, putting it in the top 1% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow AVT in the coming trading sessions, be sure to utilize Zacks.com.
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Avnet (AVT) Stock Moves -0.02%: What You Should Know
Avnet (AVT - Free Report) closed at $41.29 in the latest trading session, marking a -0.02% move from the prior day. This change was narrower than the S&P 500's 0.1% loss on the day. At the same time, the Dow added 0.26%, and the tech-heavy Nasdaq lost 0.1%.
Coming into today, shares of the distributor of electronic components had gained 11.05% in the past month. In that same time, the Computer and Technology sector gained 3.66%, while the S&P 500 gained 4.4%.
Investors will be hoping for strength from Avnet as it approaches its next earnings release. In that report, analysts expect Avnet to post earnings of $1.25 per share. This would mark year-over-year growth of 160.42%. Our most recent consensus estimate is calling for quarterly revenue of $5.52 billion, up 18.33% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.87 per share and revenue of $22.16 billion. These totals would mark changes of +79.7% and +13.46%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Avnet. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Avnet currently has a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Avnet has a Forward P/E ratio of 8.49 right now. This represents a discount compared to its industry's average Forward P/E of 9.19.
Investors should also note that AVT has a PEG ratio of 0.31 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Electronics - Parts Distribution stocks are, on average, holding a PEG ratio of 0.34 based on yesterday's closing prices.
The Electronics - Parts Distribution industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 1, putting it in the top 1% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow AVT in the coming trading sessions, be sure to utilize Zacks.com.