Belden Expects Q1 Adjusted EPS oF $1.00 - $1.10 Vs. $1.04 Estimate, Company Says Challenges From The Prior Year Are Anticipated To Continue Into The First Quarter, Including Customer Destocking And Other Temporary Headwinds
Portfolio Pulse from Benzinga Newsdesk
Belden projects its Q1 adjusted EPS to be between $1.00 and $1.10, compared to the $1.04 estimate. The company anticipates ongoing challenges from the previous year, including customer destocking and other temporary headwinds, to persist into the first quarter.
February 08, 2024 | 12:37 pm
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Belden expects its Q1 adjusted EPS to range from $1.00 to $1.10, against analysts' expectations of $1.04. The company foresees continued challenges from the previous year.
Belden's projected EPS range encompasses the analyst estimate, indicating a neutral impact on the stock price. The mention of ongoing challenges suggests caution, but since these are known issues, the market may have already priced them in. The neutral score reflects this balance between potential positive and negative factors.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100