Avnet Sees Q1 EPS $0.80-$0.90 Vs $0.97 Est.; Revenue $5.25B-$5.55B Vs $5.51B Est.
Portfolio Pulse from Benzinga Newsdesk
Avnet has provided its Q1 fiscal 2025 guidance, projecting EPS between $0.80 and $0.90, below the estimated $0.97. Revenue is expected to be between $5.25 billion and $5.55 billion, compared to the $5.51 billion estimate. The guidance suggests flat to a 5% decline in sales, with growth in Asia and declines in western regions.
August 08, 2024 | 12:03 pm
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Avnet's Q1 fiscal 2025 guidance projects EPS between $0.80 and $0.90, below the estimated $0.97, and revenue between $5.25 billion and $5.55 billion, compared to the $5.51 billion estimate. This suggests a potential short-term negative impact on the stock price.
The guidance provided by Avnet for Q1 fiscal 2025 shows lower-than-expected EPS and a revenue range that includes the estimate but suggests potential declines. This is likely to be viewed negatively by investors, leading to a short-term decrease in the stock price.
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