Electronic system and device provider Bel Fuse (NASDAQ: BELFA) will be reporting earnings tomorrow after the bell. Here’s what investors should know.
Bel Fuse beat analysts’ revenue expectations by 18.6% last quarter, reporting revenues of $149.9 million, up 7% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ EBITDA estimates.
Is Bel Fuse a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Bel Fuse’s revenue to grow 17% year on year to $149.8 million, a reversal from the 25.7% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.99 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. Bel Fuse has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Bel Fuse’s peers in the electrical equipment segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Badger Meter delivered year-on-year revenue growth of 13.2%, meeting analysts’ expectations, and Teledyne reported revenues up 7.4%, topping estimates by 1.5%. Badger Meter traded up 8.8% following the results.
Read our full analysis of Badger Meter’s results here and Teledyne’s results here.
Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. We prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.
