Electronic system and device provider Bel Fuse (NASDAQ:BELFA) will be reporting earnings this Thursday after market close. Here’s what to expect.
Bel Fuse beat analysts’ revenue expectations by 1.6% last quarter, reporting revenues of $152.2 million, up 18.9% year on year. It was a stunning quarter for the company, with a solid beat of analysts’ EPS estimates and 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 14.8% year on year to $152.9 million, a reversal from the 21.1% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.19 per share.
The majority of analysts covering the company have 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 Q2 results, giving us a hint as to what we can expect. Vicor delivered year-on-year revenue growth of 64.3%, beating analysts’ expectations by 46.3%, and Acuity Brands reported revenues up 21.7%, topping estimates by 3.1%. Acuity Brands traded up 5.8% following the results.
Read our full analysis of Vicor’s results here and Acuity Brands’s results here.
There has been positive sentiment among investors in the electrical equipment segment, with share prices up 7.9% on average over the last month. Bel Fuse is up 10.7% during the same time.
Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.