Benchmark Electronics Inc expected to post earnings of 56 cents a share - Earnings Preview

Benchmark Electronics

29/01/2024 21:03

* Benchmark Electronics Inc  BHE.N   BHE  is expected
to show a
fall in quarterly revenue when it reports  results on January 31
for the period ending December 31 2023
    * The Tempe Arizona-based  company is expected to report a
5.7% decrease in revenue to $707.5 million from $750.64 million
a year ago, according to the mean estimate from 4 analysts,
based on LSEG data.The company's guidance on October 25 2023,
for the period ended December 31, was for revenue between
$675.00 million and $725.00 million.
    * ​LSEG's mean analyst estimate for Benchmark Electronics
Inc is
for earnings of 56 cents per share. The company's EPS guidance
on October 25 2023, for the period ended December 31, was
between $0.54 and $0.60 
    * 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 $30.00​, above​ its last closing price
of $26.95. ​​​

The company's guidance on October 25 2023 for the period ended
December 31 was for Earnings before Interest and Taxes between
USD32.4 million and USD36.25 million.The company's guidance on
October 25 2023 for the period ended December 31 was for Capital
Expenditures between USD10 million and USD15 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 31 2022  0.60        0.59       0.60      Beat    2.2
 ​​Sep.        0.52        0.52       0.57      Beat    9.1
 30 2022                                                
 Jun. 30 2022  0.41        0.41       0.50      Beat    22​
 Mar. 31 2022  0.34        0.34       0.44      Beat    27.9
 Dec. 31 2021  0.40        0.41       0.48      Beat    18
 This summary was machine generated January 29 at 21:02 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)