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

Littelfuse

01/05/2024 24:36

* Littelfuse Inc  LFUS.OQ  reported quarterly adjusted
earnings of
$1.76​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of $3.64. 
The mean expectation of six analysts for the quarter was
for earnings of $1.75 per share. Wall Street expected results to
range from $1.74  to $1.78 per share.
    * Revenue fell 12.2% to $535.39 million from a year ago;
analysts
expected $519.19 million. 
    * Littelfuse Inc's reported EPS for the quarter was $1.93​.
    * The company reported quarterly net income of $48.45
million.
    * Littelfuse Inc shares had fallen by 2.7% this quarter and
lost 11.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 18.2%
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 "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 6
"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
$260.00 
This summary was machine generated from LSEG data April 30 at
11:36 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
 Mar. 31 2024      1.75           1.76           Beat
 Dec. 31 2023      2.11           2.02           Missed
 Sep. 30 2023      2.61           2.97           Beat
 Jun. 30 2023      3.35           3.12           Missed