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BDC — Belden News Story

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Belden Inc reports results for the quarter ended June 30 - Earnings Summary

Belden Inc BDC.N reported quarterly adjusted earnings of $1.89​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.51.  The mean expectation of six analysts for the quarter was for earnings of $1.76 per share. Wall Street expected results to range from $1.72  to $1.84 per share.

Revenue rose 11.2% to $671.99 million from a year ago; analysts expected $657.87 million.

Belden Inc's reported EPS for the quarter was $1.53​.

The company reported quarterly net income of $61.01 million.

Belden Inc shares had risen by 10.6% this quarter and gained 13.7% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 1.9% 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 $132.00, about 3% above its last closing price of $128.04

This summary was machine generated from LSEG data July 31 at 01:32 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 ENDINGESTIMATEACTUALBEAT, MET, MISSED
Jun. 30 20251.761.89Beat
Mar. 31 20251.491.60Beat
Dec. 31 20241.691.92Beat
Sep. 30 20241.611.70Beat

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