Bel Fuse Inc reports results for the quarter ended in September 30 - Earnings Summary

• Bel Fuse Inc BELFB.OQ reported quarterly adjusted earnings of 99 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of $1.68. The mean expectation of three analysts for the quarter was for earnings of 93 cents per share. Wall Street expected results to range from 83 cents to $1.04 per share.

• Revenue fell 22.1% to $123.64 million from a year ago; analysts expected $122.61 million.

• Bel Fuse Inc's reported EPS for the quarter was 65 cents​.

• The company reported quarterly net income of $8.08 million.

• Bel Fuse Inc shares had risen by 3.5% this quarter and gained 21.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 10.5% 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 3 "strong buy" or "buy," no "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 80.00

This summary was machine generated from LSEG data October 24 at 03:00 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)