Benchmark Electronics Inc expected to post earnings of 46 cents a share - Earnings Preview

Benchmark Electronics

29/04/2024 23:13

* Benchmark Electronics Inc  BHE.N   BHE  is expected
to show a
fall in quarterly revenue when it reports  results on May 1 for
the period ending March 31 2024
    * The Tempe Arizona-based  company is expected to report a
7.2% decrease in revenue to $645 million from $694.7 million a
year ago, according to the mean estimate from 4 analysts, based
on LSEG data.The company's guidance on March 19 2024, for the
period ended March 31, was for revenue between 625.00 million
and 665.00 million.
    * ​LSEG's mean analyst estimate for Benchmark Electronics
Inc is
for earnings of 46 cents per share. The company's EPS guidance
on March 19 2024, for the period ended March 31, was between
0.42 and 0.48 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "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 Benchmark
Electronics Inc is $32.00​, above​ its last closing price
of $31.49. ​​​

The company's guidance on January 31 2024 for the period ended
March 31 was for Earnings before Interest and Taxes between
28.125 million and 31.255 million.The company's guidance on
January 31 2024 for the period ended March 31 was for gross
profit margin between 9.8% and 10.2%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.56        0.56       0.58      Beat    3.1
 Sep. 30 2023  0.52        0.52       0.57      Beat    8.9
 Jun. 30 2023  0.47        0.47       0.48      Beat    3​
 Mar. 31 2023  0.42        0.42       0.42      Met     -0.1
 ​​Dec.        0.60        0.59       0.60      Beat    2.2
 31 2022                                                
 Sep. 30 2022  0.52        0.52       0.57      Beat    9.1​
 Jun. 30 2022  0.41        0.41       0.50      Beat    22
 Mar. 31 2022  0.34        0.34       0.44      Beat    27.9
 This summary was machine generated April 29 at 22:13 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)