Benchmark Electronics Inc reports results for the quarter ended in June - Earnings Summary

Benchmark Electronics

30/07/2024 23:49

* Benchmark Electronics Inc  BHE.N  reported quarterly
adjusted
earnings of 57 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 48 cents.  The mean expectation of four analysts
for the quarter was for earnings of 51 cents per share. Wall
Street expected results to range from 49 cents to 52 cents per
share.
    * Revenue fell 9.2% to $665.90 million from a year ago;
analysts
expected $635.75 million. 
    * Benchmark Electronics Inc's reported EPS for the quarter
was 43
cents​.
    * The company reported quarterly net income of $15.53
million.
    * Benchmark Electronics Inc shares had risen by 7.2% this
quarter and gained 53.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 22.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the electronic
equipment & parts peer group is  "hold."

Wall Street's median 12-month price target for Benchmark
Electronics Inc is $35.00 
This summary was machine generated from LSEG data July 30 at
10:48 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 ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.51           0.57           Beat
 Mar. 31 2024      0.46           0.55           Beat
 Dec. 31 2023      0.56           0.58           Beat
 Sep. 30 2023      0.52           0.57           Beat