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

Littelfuse

31/10/2023 23:06

* Littelfuse Inc  LFUS.OQ  reported quarterly adjusted
earnings of
$2.97​​ per share for the quarter ended in September, lower than
the same quarter last year, when the company reported EPS of
$4.28.  The mean expectation of six analysts for the quarter was
for earnings of $2.61 per share. Wall Street expected results to
range from $2.60  to $2.63 per share.
    * Revenue fell 7.9% to $607.07 million from a year ago;
analysts
expected $585.47 million. 
    * Littelfuse Inc's reported EPS for the quarter was $2.30​.
    * The company reported quarterly net income of $57.79
million.
    * Littelfuse Inc shares had fallen by 12.9% this quarter and
lost 2.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 23.6%
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," 5
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Littelfuse
Inc is
$275.00 

This summary was machine generated from LSEG data October 31 at
11:06 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      2.61           2.97           Beat
 Jun. 30 2023      3.35           3.12           Missed
 Mar. 31 2023      2.86           3.64           Beat
 Dec. 31 2022      3.27           3.34           Beat