Belden Inc expected to post earnings of $1.76 a share - Earnings Preview

Belden

31/10/2023 18:50

* Belden Inc  BDC.N   BDC  is expected to show a fall in
quarterly
revenue when it reports  results on November 2. 
    * The St. Louis Missouri-based  company is expected to
report  a
5.3% decrease in revenue to $635.111 million from $670.49
million a year ago, according to the mean estimate from 6
analysts, based on Refinitiv data. The company's guidance on
August 3 2023, for the period ended September 30, was for
revenue between $675.00 million and $690.00 million.
    * ​Refinitiv's mean analyst estimate for Belden Inc is for
earnings of $1.76 per share. The company's EPS guidance on
August 3 2023, for the period ended September 30, was between
$1.75 and $1.85 
    * 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
$105​, above​ its last closing price of $70.81. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 31 2022  1.66        1.64       1.75      Beat    6.7​
 Sep. 30 2022  1.56        1.56       1.77      Beat    13.2
 ​​Jun.        1.43        1.43       1.60      Beat    11.9
 30 2022                                                
 Mar. 31 2022  1.10        1.10       1.31      Beat    19.2​
 Dec. 31 2021  1.27        1.27       1.32      Beat    4.2
 Sep. 30 2021  1.18        1.18       1.31      Beat    11.2
 This summary was machine generated October 31 at 18:49 GMT.  All
figures in US dollars  unless otherwise stated