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

Belden

01/08/2024 15:20

* Belden Inc  BDC.N  reported quarterly adjusted earnings of
$1.51​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of $1.91. 
The mean expectation of six analysts for the quarter was
for earnings of $1.37 per share. Wall Street expected results to
range from $1.35  to $1.40 per share.
    * Revenue fell 12.7% to $604.34 million from a year ago;
analysts
expected $574.32 million. 
    * Belden Inc's reported EPS for the quarter was $1.19​.
    * The company reported quarterly net income of $49.04
million.
    * Belden Inc shares had fallen by 1.2% this quarter and
gained 20.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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
$110.00 
This summary was machine generated from LSEG data August 1 at
02:20 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
 Jun. 30 2024                     1.51           
 Mar. 31 2024      1.06           1.24           Beat
 Dec. 31 2023      1.13           1.46           Beat
 Sep. 30 2023      1.76           1.78           Beat