Avnet sees Q1 sales between $9.00 bln and $9.30 bln
Company expects Q1 adjusted diluted EPS of $2.80 to $2.90
Avnet anticipates sales growth across all EC regions and Farnell in Q1
Q4 results beat expectations
Global technology distributor's Q4 sales rose 48% yr/yr, beating analyst expectations
Adjusted EPS for Q4 beat analyst expectations, rising 182% yr/yr
Company attributed results to improved demand and operating leverage
Key details and analyst coverage
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
Beat
$8.30 bln
$7.52 bln (4 Analysts)
Q4 Adjusted EPS
Beat
$2.28
$1.77 (4 Analysts)
Q4 EPS
$1.49
Q4 Net Income
$126.58 mln
Q4 Gross Profit
$865.03 mln
Q4 Operating Income
$231 mln
Q4 Pretax Profit
$160.16 mln
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the electronic equipment & parts peer group is "buy"
AVT•
