Arrow Electronics Inc.
) is set to report first-quarter 2014 results on May 6. Last
quarter, the company posted a positive earnings surprise of
4.32%. Let's see how things are shaping up for this announcement.
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Growth Factors This Past Quarter
Arrow posted better-than-expected fourth-quarter 2013 results.
Year-over-year comparisons were modestly up and the company had a
favorable book-to-bill ratio. We believe that Arrow's core
strength of providing best-in-class services and easy-to-acquire
technologies are expected to bolster its growth in the future.
Additionally, the company's positive commentary about enhanced
productivity, annual cost savings and expected contributions from
Europe remain the growth drivers. Additionally, incremental sales
from the strategic acquisitions are expected to boost Arrow's top
line, going forward. However, uncertain economic conditions and
) are the concerns going forward.
Our proven model does not conclusively show that Arrow will beat
earnings this quarter. That is because a stock needs to have both
and a Zacks Rank #1, 2 or 3 for this to happen. That is not the
case here as you will see below.
Both the Most Accurate estimate and the Zacks Consensus Estimate
stand at $1.21. Hence, the difference is 0.00%.
Arrow's Zacks Rank #2 (Buy), when combined with a 0.00% ESP makes
surprise prediction difficult.
We caution against stocks with Zacks Ranks #4 and 5 (Sell-rated
stocks) going into the earnings announcement, especially when the
company is seeing negative estimate revisions momentum.
Other Stocks to Consider
Here is another company you may want to consider as our model
shows that it has the right combination of elements to post an
earnings beat this quarter:
), Earnings ESP of +1.18% and a Zacks Rank #2.