Curious About Avnet’s (AVT) International Revenue Trends? Let’s Dive In!
Hi there, human! I sense a bit of curiosity in your eyes regarding Avnet Inc. (AVT)’s international revenue trends and their impact on Wall Street’s forecasts. Well, buckle up, because we’re about to embark on an exciting journey to explore this intriguing topic!
Avnet’s International Revenue Trends
Avnet is a global technology solutions provider, and a significant chunk of its revenue comes from international markets. Over the past few years, Avnet has been witnessing a steady growth in its international business. According to their Q3 2021 earnings report, international revenue represented approximately 65% of Avnet’s total revenue, with Europe, the Middle East, and Africa (EMEA) being the largest contributor.
Let’s take a look at some numbers to better understand Avnet’s international revenue trends:
- In 2017, international revenue accounted for 62% of Avnet’s total revenue.
- By 2019, this figure had risen to 64%.
- In 2020, international revenue represented 66% of Avnet’s total revenue.
- As of Q3 2021, international revenue accounted for 65% of Avnet’s total revenue.
Impact on Wall Street’s Forecasts
Avnet’s growing international revenue has been a positive sign for Wall Street. Analysts have been revising their earnings estimates upwards, reflecting their optimism about the company’s future growth prospects. According to a recent report by Zacks Investment Research, the consensus estimate for Avnet’s fiscal year 2022 earnings per share (EPS) has increased from $3.23 to $3.38 over the past three months.
What’s Ahead for the Stock
The strong international revenue trend is expected to continue, which bodes well for Avnet’s stock performance. According to a report by CFRA Research, they have upgraded Avnet’s stock from “Hold” to “Buy,” citing the company’s international growth as a key catalyst. They have also set a 12-month price target of $125 for Avnet’s stock.
Effect on Us
As investors, we stand to benefit from Avnet’s international revenue growth. A rising stock price means higher returns on our investment. Moreover, the company’s growing presence in international markets could lead to new business opportunities and increased diversification, reducing our exposure to any potential risks in a single market.
Effect on the World
Avnet’s international revenue growth is a reflection of the global technology market’s expansion. As technology continues to permeate every aspect of our lives, companies like Avnet that provide technology solutions will continue to grow, creating new jobs and contributing to economic growth around the world.
wrapping up
There you have it, human! Avnet’s international revenue trends are an exciting development for both the company and its investors. With a growing presence in international markets and a positive outlook from Wall Street, Avnet’s future looks bright. So, let’s keep an eye on this stock and ride the wave of technology’s global growth!
Stay curious, and don’t hesitate to ask if you have any other questions!
