Stock of the Day

May 26, 2020

Arrow Electronics (ARW)

$206.39
+$2.29 (+1.1%)
Market Cap: $10.44B

About Arrow Electronics

Arrow Electronics, Inc. provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Global Components and Global Enterprise Computing Solutions. The Global Components segment markets and distributes electronic components comprising semiconductor products and related services; interconnect, passive, and electromechanical products, including capacitors, resistors, potentiometers, power supplies, relays, switches, and connectors; and computing and memory products, as well as other products and services. The Global Enterprise Computing Solutions segment offers computing solutions, such as datacenter, cloud, security, and analytics solutions. This segment also provides access to various services, including engineering and integration support, warehousing and logistics, marketing resources, and authorized hardware and software training. The company serves original equipment manufacturers, value-added resellers, managed service providers, contract manufacturers, and other commercial customers. Arrow Electronics, Inc. was founded in 1935 and is based in Centennial, Colorado.

Today's Trend

Arrow Electronics, Inc. (NYSE:ARW) appears to be getting a boost from a wave of upbeat analyst estimate revisions, which is likely helping support the stock even though it has traded a bit lower recently.

  • Zacks Research raised its earnings outlook across multiple future periods for Arrow Electronics, including FY2026 EPS to $17.19 from $12.49 and FY2027 EPS to $16.22 from $14.58, signaling stronger profit expectations. Arrow Electronics market page
  • The firm also increased its near-term estimates, lifting Q2 2026 EPS to $4.48, Q1 2027 EPS to $4.12, Q2 2027 EPS to $4.65, and Q3 2026 EPS to $3.25, reflecting confidence in Arrow’s earnings momentum. Arrow Electronics market page
  • Zacks Research maintained a Strong-Buy rating on Arrow Electronics, adding to the bullish sentiment around the stock. Zacks momentum article
  • One Zacks article highlighted Arrow Electronics as a top-ranked momentum stock, which reinforces investor interest but does not by itself change fundamentals. Zacks momentum article
  • A few longer-term estimates were trimmed slightly, including Q1 2028 EPS to $3.45 from $3.51 and Q4 2027 EPS to $4.24 from $4.25, though these changes were minor. Arrow Electronics market page

Overall, Arrow Electronics (NYSE:ARW) is likely moving on the back of broader analyst optimism and higher earnings forecasts, which generally supports the stock despite small cuts to some distant-period estimates.

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