Avnet (AVT) reported $5.6 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 11.6%. EPS of $0.92 for the same period compares to $1.61 a year ago.

The reported revenue represents a surprise of +3.68% over the Zacks Consensus Estimate of $5.41 billion. With the consensus EPS estimate being $0.85, the EPS surprise was +8.24%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Avnet performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Sales- Farnell: $347.10 million compared to the $364.55 million average estimate based on three analysts. The reported number represents a change of -17.6% year over year.

• Sales- Electronic Components: $5.26 billion versus the three-analyst average estimate of $5.04 billion. The reported number represents a year-over-year change of -11.1%.

• Operating Income (loss)- Electronic Components: $197.40 million versus $177.78 million estimated by three analysts on average.

• Operating Income (loss)- Farnell: $1.90 million versus the three-analyst average estimate of $13.23 million.

• Operating Income (loss)- Corporate expenses: -$30.30 million versus -$29.47 million estimated by two analysts on average.

View all Key Company Metrics for Avnet here>>>

Shares of Avnet have returned +1.9% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Avnet, Inc. (AVT) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research