Bel Fuse's Earnings: A Preview

Bel Fuse (NASDAQ:BELFB) is set to give its latest quarterly earnings report on Wednesday, 2024-10-23. Here's what investors need to know before the announcement.

Analysts estimate that Bel Fuse will report an earnings per share (EPS) of $0.93.

The market awaits Bel Fuse's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.

It's important for new investors to understand that guidance can be a significant driver of stock prices.

Performance in Previous Earnings

The company's EPS beat by $0.61 in the last quarter, leading to a 9.92% increase in the share price on the following day.

Here's a look at Bel Fuse's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.93

0.97

1.41

1.27

EPS Actual

1.54

1.26

1.37

1.68

Price Change %

10.0%

-5.0%

-28.999999999999996%

24.0%

Performance of Bel Fuse Shares

Shares of Bel Fuse were trading at $83.55 as of October 21. Over the last 52-week period, shares are up 109.09%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Views on Bel Fuse

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Bel Fuse.

The consensus rating for Bel Fuse is Outperform, derived from 4 analyst ratings. An average one-year price target of $83.5 implies ...