Benchmark Electronics Q4 Adj EPS $0.58 Beats $0.56 Estimate, Sales $691.35M Miss $707.50M Estimate
Portfolio Pulse from mahesh@benzinga.com
Benchmark Electronics (BHE) reported Q4 adjusted EPS of $0.58, surpassing the consensus estimate of $0.56. However, their quarterly sales of $691.35M fell short of the expected $707.50M, marking a 7.90% decrease from the previous year.
January 31, 2024 | 9:26 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Benchmark Electronics exceeded EPS estimates but missed revenue forecasts for Q4, with a year-over-year decrease in sales.
While BHE surpassed EPS estimates, the miss on revenue and the year-over-year decline in sales could temper investor enthusiasm, leading to a neutral short-term impact on the stock price. The mixed results present both positive and negative signals to the market.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100