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

Littelfuse

31/07/2024 24:22

* Littelfuse Inc  LFUS.OQ  reported quarterly adjusted
earnings of
$1.97​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of $3.12. 
The mean expectation of seven analysts for the quarter was
for earnings of $1.76 per share. Wall Street expected results to
range from $1.74  to $1.77 per share.
    * Revenue fell 8.7% to $558.49 million from a year ago;
analysts
expected $540.31 million. 
    * Littelfuse Inc's reported EPS for the quarter was $1.82​.
    * The company reported quarterly net income of $45.47
million.
    * Littelfuse Inc shares had risen by 1.7% this quarter and
lost 2.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 17%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electronic
equipment & parts peer group is also "hold"

Wall Street's median 12-month price target for Littelfuse Inc is
$280.00 
This summary was machine generated from LSEG data July 30 at
11:22 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      1.76           1.97           Beat
 Mar. 31 2024      1.75           1.76           Beat
 Dec. 31 2023      2.11           2.02           Missed
 Sep. 30 2023      2.61           2.97           Beat