* Bel Fuse Inc reported quarterly adjusted earnings of $1.54 per share for the quarter ended in June, lower than the same quarter last year, when the company reported EPS of $1.99. The mean expectation of three analysts for the quarter was for earnings of 93 cents per share. Wall Street expected results to range from 79 cents to $1.05 per share.
* Revenue fell 21.1% to $133.21 million from a year ago; analysts expected $130.18 million.
* Bel Fuse Inc's reported EPS for the quarter was $1.50.
* The company reported quarterly net income of $18.81 million.
* Bel Fuse Inc shares had risen by 6.5% this quarter and gained 4.1% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 19.4% 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 "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the electronic equipment & parts peer group is also "buy"
Wall Street's median 12-month price target for Bel Fuse Inc is $65.50 This summary was machine generated from LSEG data July 25 at 12:05 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Jun. 30 2024 0.93 1.54 Beat
Mar. 31 2024 0.97 1.26 Beat
Dec. 31 2023 1.41 1.37 Missed
Sep. 30 2023 1.27 1.68 Beat
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