Benchmark Electronics Inc expected to post earnings of 51 cents a share - Earnings Preview

Benchmark Electronics

26/07/2024 23:27

* Benchmark Electronics Inc  BHE.N   BHE  is expected
to show a
fall in quarterly revenue when it reports  results on July 30
for the period ending June 30 2024
    * The Tempe Arizona-based  company is expected to report a
13.3% decrease in revenue to $635.75 million from $733.23
million a year ago, according to the mean estimate from 4
analysts, based on LSEG data.The company's guidance on May 1
2024, for the period ended June 30, was for revenue between
$615.00 million and $655.00 million.
    * ​LSEG's mean analyst estimate for Benchmark Electronics
Inc is
for earnings of 51 cents per share. The company's EPS guidance
on May 1 2024, for the period ended June 30, was between $0.48
and $0.54 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"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 $35.00​, below​ its last closing price
of $42.46. ​​​

The company's guidance on May 1 2024 for the period ended June
30 was for Earnings before Interest and Taxes between USD28.905
million and USD32.095 million.The company's guidance on May 1
2024 for the period ended June 30 was for Capital Expenditures
between USD10 million and USD12 million.The company's guidance
on May 1 2024 for the period ended June 30 was for gross profit
margin of USD10%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.46        0.46       0.55      Beat    19.6
 Dec. 31 2024  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.        0.42        0.42       0.42      Met     -0.1
 31 2023                                                
 Dec. 31 2022  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
 This summary was machine generated July 26 at 22:27 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)