Belden Inc reports results for the quarter ended in December - Earnings Summary

Belden

08/02/2024 16:45

* Belden Inc  BDC.N  reported quarterly adjusted earnings of
$1.46​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of
$1.75.  The mean expectation of six analysts for the quarter was
for earnings of $1.13 per share. Wall Street expected results to
range from $1.08  to $1.16 per share.
    * Revenue fell 16.4% to $551.24 million from a year ago;
analysts
expected $521.96 million. 
    * Belden Inc's reported EPS for the quarter was 91 cents​.
    * The company reported quarterly net income of $38.47
million.
    * Belden Inc shares had fallen by 3.6% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.1%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the
communications &
networking peer group is also "buy"

Wall Street's median 12-month price target for Belden Inc is
$89.00 
This summary was machine generated from LSEG data February 8 at
04:45 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      1.13           1.46           Beat
 Sep. 30 2023      1.76           1.78           Beat
 Jun. 30 2023      1.77           1.91           Beat
 Mar. 31 2023      1.54           1.68           Beat