Avnet Expects Q4 Sales In The Range Of $5.20B – $5.50B Vs. $5.74B Estimate; Projects Q4 Diluted EPS Of $0.90 – $1.00
Portfolio Pulse from Benzinga Newsdesk
Avnet projects its Q4 sales to be between $5.20B and $5.50B, which is below the estimated $5.74B. The company also forecasts its Q4 diluted EPS to be in the range of $0.90 to $1.00.
May 01, 2024 | 12:12 pm
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Avnet's Q4 sales forecast is below the estimated $5.74B, with projected diluted EPS of $0.90 to $1.00.
Avnet's lower-than-expected Q4 sales forecast could lead to negative investor sentiment, potentially impacting the stock price negatively in the short term. The projected EPS, while providing some clarity, may not be sufficient to offset concerns over missed revenue expectations.
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