Earnings Estimates Moving Higher for Arrow Electronics (ARW): Time to Buy?

Core Viewpoint - Arrow Electronics (ARW) shows a significant improvement in earnings outlook, making it an attractive investment option as analysts continue to raise earnings estimates for the company [1][2]. Earnings Estimate Revisions - Analysts' optimism regarding Arrow Electronics' earnings prospects is leading to higher estimates, which is expected to positively impact the stock price [2]. - The Zacks Rank system indicates a strong correlation between earnings estimate revisions and stock price movements, with Zacks 1 Ranked stocks averaging a +25% annual return since 2008 [3]. Current-Quarter Estimates - For the current quarter, Arrow Electronics is projected to earn $2.68 per share, reflecting a +48.9% increase from the previous year [6]. - Over the last 30 days, one estimate has been revised upward with no negative revisions, resulting in a 23.04% increase in the Zacks Consensus Estimate [6]. Current-Year Estimates - The expected earnings per share for the full year is $13.08, representing an +18.7% change from the prior year [7]. - The consensus estimate for the current year has increased by 9.94%, with three estimates moving higher and no negative revisions [8]. Zacks Rank - Arrow Electronics currently holds a Zacks Rank 1 (Strong Buy) due to favorable estimate revisions, indicating strong potential for outperformance compared to the S&P 500 [9]. - Research shows that stocks with Zacks Rank 1 and 2 significantly outperform the S&P 500 [9]. Stock Performance - Arrow Electronics shares have increased by 37.1% over the past four weeks, indicating strong investor confidence in its earnings growth prospects [10].