Avnet(US:AVT) ZACKSยท2024-08-06 14:20Group 1 - Analysts project Avnet (AVT) will announce quarterly earnings of $0.95 per share, a decline of 53.9% year over year [1] - Revenues are expected to reach $5.36 billion, declining 18.2% from the same quarter last year [1] - There has been a downward revision of 1% in the consensus EPS estimate over the last 30 days, indicating a reconsideration of initial forecasts by covering analysts [1] Group 2 - Analysts estimate 'Sales- Farnell' to reach $368.32 million, reflecting a change of -17.3% from the prior-year quarter [2] - 'Sales- Electronic Components' is expected to come in at $5.08 billion, indicating a change of -16.8% from the prior-year quarter [2] - The consensus estimate for 'Operating Income (loss)- Farnell' stands at $15.67 million, down from $36.10 million in the same quarter last year [2] Group 3 - 'Operating Income (loss)- Electronic Components' is projected to reach $190.98 million, compared to $310.40 million in the same quarter last year [3] - Shares of Avnet have experienced a change of -2.9% in the past month, while the Zacks S&P 500 composite moved -6.7% [3] - With a Zacks Rank 4 (Sell), AVT is expected to underperform the overall market in the near future [3]