Electronic component manufacturer Belden (NYSE:BDC) will be reporting earnings tomorrow before market hours. Here’s what to expect.
Belden beat analysts’ revenue expectations by 1.9% last quarter, reporting revenues of $654.9 million, up 4.5% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ adjusted operating income estimates.
Is Belden a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Belden’s revenue to grow 18.8% year on year to $654.7 million, a reversal from the 16.4% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.69 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Belden has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 2.9% on average.
Looking at Belden’s peers in the electrical equipment segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Corning delivered year-on-year revenue growth of 18.4%, beating analysts’ expectations by 3%, and Littelfuse reported flat revenue, topping estimates by 1%. Corning traded down 2.6% following the results while Littelfuse was up 5%.
Read our full analysis of Corning’s results here and Littelfuse’s results here.
Investors in the electrical equipment segment have had steady hands going into earnings, with share prices up 1.7% on average over the last month. Belden’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $140.40 (compared to the current share price of $115.20).
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