Belden Inc expected to post earnings of $1.06 a share - Earnings Preview

Belden

30/04/2024 16:26

* Belden Inc  BDC.N   BDC  is expected to show a fall in
quarterly
revenue when it reports  results on May 2 for the period ending
March 31 2024
    * The St. Louis Missouri-based  company is expected to
report a
19.8% decrease in revenue to $514.85 million from $641.79
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data.The company's guidance on February
8 2024, for the period ended March 31, was for revenue between
$505.00 million and $520.00 million.
    * ​LSEG's mean analyst estimate for Belden Inc is for
earnings of
$1.06 per share. The company's EPS guidance on February 8 2024,
for the period ended March 31, was between $1.00 and $1.10 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 0.1%
in the last three months. ​
    * Wall Street's median 12-month price target for Belden Inc
is
$100.00​, above​ its last closing price of $84.44. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  1.13        1.13       1.46      Beat    29.5
 Sep. 30 2023  1.76        1.76       1.78      Beat    0.9
 Jun. 30 2023  1.77        1.77       1.91      Beat    8.2​
 Mar. 31 2023  1.54        1.54       1.68      Beat    8.8
 ​​Dec.        1.66        1.64       1.75      Beat    6.7
 31 2022                                                
 Sep. 30 2022  1.56        1.56       1.77      Beat    13.2​
 Jun. 30 2022  1.43        1.43       1.60      Beat    11.9
 Mar. 31 2022  1.10        1.10       1.31      Beat    19.2
 This summary was machine generated April 30 at 15:26 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)