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Avnet (AVT)
NASDAQ:AVT
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Earnings Data
Report Date
Jan 23, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
$0.88Last Year’s EPS
$1.4Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: -1.97%
|Next Earnings Date:Jan 23, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a mixed sentiment with strong performance in Asia and better-than-expected cash flow and EPS, countered by significant challenges, particularly in EMEA and Farnell, and a decrease in gross margin. The company shows optimism for future growth in specific sectors like AI and data centers, but faces current headwinds in key markets and regions.Company Guidance
During the AVT Q1 2025 earnings call, the guidance provided highlighted several key metrics. The company achieved sales exceeding $5.6 billion, surpassing the high end of their guidance, and reported an adjusted EPS of $0.92. They generated over $100 million in cash flow from operations, although challenges persisted with a book-to-bill ratio still below parity. Sales in Asia increased by 6% year-over-year, while EMEA and Americas saw declines of 28% and 16%, respectively. The Electronic Components segment experienced a year-over-year sales decline of 11%, while Farnell's sales dropped by 18%. Gross margin stood at 10.8%, a decrease attributed to a sales mix shift to Asia. For Q2 2025, Avnet is guiding sales between $5.4 billion and $5.7 billion, with EPS projected to range from $0.80 to $0.90, assuming current market conditions persist.Strong Performance in Asia
Sales in Asia increased 14% sequentially and 6% year-on-year, driven by strength in server, data center, and communications end markets.
Cash Flow and EPS Exceed Expectations
Generated over $100 million of cash flow from operations and achieved an adjusted EPS of $0.92, both above the high end of guidance.
Improvement in Inventory Days
Inventory days improved by 3 days sequentially to 101 days, with a focus on reducing further.
Positive Indicators for Future Demand
Notable growth in AI-related server and data center projects, and a modest increase in turns business indicating potential future demand.
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AVT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AVT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $54.14 | $57.35 | +5.93% |
| Aug 08, 2024 | $49.31 | $52.70 | +6.87% |
| May 01, 2024 | $47.98 | $47.19 | -1.65% |
| Jan 31, 2024 | $46.69 | $44.18 | -5.38% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Avnet (AVT) report earnings?
Avnet (AVT) is schdueled to report earning on Jan 23, 2025, TBA Not Confirmed.
What is Avnet (AVT) earnings time?
Avnet (AVT) earnings time is at Jan 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AVT EPS forecast?
AVT EPS forecast for the fiscal quarter 2025 (Q2) is $0.88.
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