Here's What Key Metrics Tell Us About Avnet (AVT) Q1 Earnings

Core Insights - Avnet reported $5.6 billion in revenue for the quarter ended September 2024, reflecting a year-over-year decline of 11.6% and an EPS of $0.92 compared to $1.61 a year ago, with a revenue surprise of +3.68% over the Zacks Consensus Estimate of $5.41 billion and an EPS surprise of +8.24% over the consensus estimate of $0.85 [1] Financial Performance Metrics - Sales for Farnell were $347.10 million, below the average estimate of $364.55 million, representing a year-over-year decline of 17.6% [3] - Sales for Electronic Components reached $5.26 billion, exceeding the average estimate of $5.04 billion, with a year-over-year change of -11.1% [3] - Operating income for Electronic Components was $197.40 million, surpassing the estimated $177.78 million [3] - Operating income for Farnell was $1.90 million, significantly lower than the average estimate of $13.23 million [3] - Corporate expenses reported an operating loss of -$30.30 million, slightly worse than the estimated loss of -$29.47 million [3] Stock Performance - Avnet's shares have returned +1.9% over the past month, compared to the Zacks S&P 500 composite's +1.8% change, with a current Zacks Rank of 3 (Hold), indicating potential performance in line with the broader market [4]