Save the date! Wednesday 30th October 2024, is when Avnet (NASDAQ: AVT) will be sharing its eagerly awaited first quarter financial results. Investors and analysts will be able to gain valuable insights into the company's financial performance as the announcement is scheduled before market open.
Wall Street financial experts forecast that the organization is set to announce an expected $0.86 profit per share for the quarter. Moreover, the company is anticipated to disclose a total revenue of $5.43 billion for this particular period.
When looking back at the corresponding quarter from the previous year, the company's earnings report showcased a per-share income of $1.61. This was attributed to the company's total revenue, which amounted to an impressive $6.34 billion during that same period.
The experts on Wall Street have shared their predictions for how well the company will do this year. They think the total revenue will be around $22.16 billion. They also believe the company will reach about profit of $4.43 per share for the fiscal year.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q4 2024 | $1.22 | -40.8% | 5.56 B | -15.1% |
| Q3 2024 | $1.10 | -45.0% | 5.65 B | -13.2% |
| Q2 2024 | $1.40 | -30.0% | 6.21 B | -7.6% |
| Q1 2024 | $1.61 | -19.5% | 6.34 B | -6.1% |
| Q4 2023 | $2.06 | -0.5% | 6.56 B | +2.9% |
| *Growth on year-over-year basis | ||||
The business has scheduled a conference call on 30th October 2024 at 12:00 PM eastern time to discuss Q1 financial results.
Avnet (AVT) closed Monday's regular trading session at $54.41, marking a 0.91 percent gain. The stock fluctuated between $54.25 and $54.74 during the day, with a volume of 498.40 thousand shares.
