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Arrow Electronics (ARW) Gains But Lags Market: What You Should Know
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In the latest trading session, Arrow Electronics (ARW - Free Report) closed at $121, marking a +1.04% move from the previous day. The stock lagged the S&P 500's daily gain of 2.44%. At the same time, the Dow added 1.65%, and the tech-heavy Nasdaq gained 0.28%.
Heading into today, shares of the electronics maker had lost 11.03% over the past month, outpacing the Computer and Technology sector's loss of 16.14% and lagging the S&P 500's loss of 9.65% in that time.
Investors will be hoping for strength from Arrow Electronics as it approaches its next earnings release, which is expected to be February 3, 2022. In that report, analysts expect Arrow Electronics to post earnings of $4.42 per share. This would mark year-over-year growth of 39.43%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $8.85 billion, up 4.72% from the year-ago period.
Any recent changes to analyst estimates for Arrow Electronics should also be noted by investors. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Arrow Electronics is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Arrow Electronics has a Forward P/E ratio of 7.7 right now. Its industry sports an average Forward P/E of 8.23, so we one might conclude that Arrow Electronics is trading at a discount comparatively.
Meanwhile, ARW's PEG ratio is currently 0.28. 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. ARW's industry had an average PEG ratio of 0.3 as of yesterday's close.
The Electronics - Parts Distribution industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 39, which puts it in the top 16% 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 ARW in the coming trading sessions, be sure to utilize Zacks.com.
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Arrow Electronics (ARW) Gains But Lags Market: What You Should Know
In the latest trading session, Arrow Electronics (ARW - Free Report) closed at $121, marking a +1.04% move from the previous day. The stock lagged the S&P 500's daily gain of 2.44%. At the same time, the Dow added 1.65%, and the tech-heavy Nasdaq gained 0.28%.
Heading into today, shares of the electronics maker had lost 11.03% over the past month, outpacing the Computer and Technology sector's loss of 16.14% and lagging the S&P 500's loss of 9.65% in that time.
Investors will be hoping for strength from Arrow Electronics as it approaches its next earnings release, which is expected to be February 3, 2022. In that report, analysts expect Arrow Electronics to post earnings of $4.42 per share. This would mark year-over-year growth of 39.43%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $8.85 billion, up 4.72% from the year-ago period.
Any recent changes to analyst estimates for Arrow Electronics should also be noted by investors. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Arrow Electronics is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Arrow Electronics has a Forward P/E ratio of 7.7 right now. Its industry sports an average Forward P/E of 8.23, so we one might conclude that Arrow Electronics is trading at a discount comparatively.
Meanwhile, ARW's PEG ratio is currently 0.28. 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. ARW's industry had an average PEG ratio of 0.3 as of yesterday's close.
The Electronics - Parts Distribution industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 39, which puts it in the top 16% 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 ARW in the coming trading sessions, be sure to utilize Zacks.com.