Benchmark Electronics Inc expected to post earnings of 47  cents a share - Earnings Preview

Benchmark Electronics

29/07/2023 03:02

* Benchmark Electronics Inc  BHE.N   BHE  is expected
to show a
fall in quarterly revenue when it reports  results on July 31. 
    * The Tempe Arizona-based  company is expected to report  a
4.9% decrease in revenue to $692.5 million from $728.03 million
a year ago, according to the mean estimate from 4 analysts,
based on Refinitiv data. The company's guidance on May 3 2023,
for the period ended June 30, was for revenue between 670.00
million and 710.00 million.
    * ​Refinitiv's mean analyst estimate for Benchmark
Electronics Inc
is for earnings of 47 cents per share. The company's EPS
guidance on May 3 2023, for the period ended June 30, was
between 0.43 and 0.49 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"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 $32.5​, above​ its last closing price
of $26.05. ​​​

The company's guidance on May 3 2023 for the period ended June
30 was for gross profit margin between 9.4% and 9.6%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.42        0.42       0.42      Met     -0.1
 Dec. 31 2023  0.60        0.59       0.60      Beat    2.2
 Sep. 30 2022  0.52        0.52       0.57      Beat    9.1​
 Jun. 30 2022  0.41        0.41       0.50      Beat    22
 ​​Mar.        0.34        0.34       0.44      Beat    27.9
 31 2022                                                
 Dec. 31 2021  0.40        0.41       0.48      Beat    18​
 Sep. 30 2021  0.39        0.38       0.39      Beat    1.7
 Jun. 30 2021  0.26        0.26       0.27      Beat    3.8
 This summary was machine generated July 29 at 02:01 GMT.  All
figures in US dollars  unless otherwise stated