Belden Expects 3Q23 Revenues Of $ $675M-$690M Vs. Consensus $703.62M; Sees Adjusted EPS Of $1.75-$1.85 Vs. Consensus $1.85
Portfolio Pulse from Benzinga Newsdesk
Belden Inc. has provided its 3Q23 revenue guidance, expecting revenues to be between $675M and $690M, which is lower than the consensus estimate of $703.62M. The company also anticipates its adjusted EPS to be between $1.75 and $1.85, matching the higher end of the consensus estimate.
August 04, 2023 | 1:10 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Belden's lower than expected 3Q23 revenue guidance may negatively impact its stock price in the short term. However, its adjusted EPS guidance matches the higher end of the consensus, which could mitigate some of the negative impact.
Lower than expected revenue guidance often leads to a negative reaction in the stock market as it indicates potential future underperformance. However, the fact that Belden's adjusted EPS guidance matches the higher end of the consensus could be seen as a positive sign, potentially offsetting some of the negative impact.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100