Belden Inc expected to post earnings of $1.37 a share - Earnings Preview

Belden

30/07/2024 19:44

* Belden Inc  BDC.N   BDC  is expected to show a fall in
quarterly
revenue when it reports  results on August 1 for the period
ending June 30 2024
    * The St. Louis Missouri-based  company is expected to
report a
17.0% decrease in revenue to $574.32 million from $692.25
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data.The company's guidance on May 2
2024, for the period ended June 30, was for revenue between
$565.00 million and $580.00 million.
    * ​LSEG's mean analyst estimate for Belden Inc is for
earnings of
$1.37 per share. The company's EPS guidance on May 2 2024, for
the period ended June 30, was between $1.30 and $1.40 
    * 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 was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Belden Inc
is
$110.00​, above​ its last closing price of $92.06. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   1.06        1.06       1.24      Beat    16.6
 Jan. 1 0001   1.13        1.13       1.46      Beat    29.5
 Jan. 1 0001   1.76        1.76       1.78      Beat    0.9​
 Jan. 1 0001   1.77        1.77       1.91      Beat    8.2
 ​​Mar.        1.54        1.54       1.68      Beat    8.8
 31 2023                                                
 Dec. 31 2022  1.66        1.64       1.75      Beat    6.7​
 Sep. 30 2022  1.56        1.56       1.77      Beat    13.2
 Jun. 30 2022  1.43        1.43       1.60      Beat    11.9
 This summary was machine generated July 30 at 18:44 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)