Bel Fuse Q1 2024 Adj EPS $1.19 Beats $0.98 Estimate, Sales $128.090M Miss $128.250M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bel Fuse (NASDAQ:BELFA) reported Q1 2024 adjusted EPS of $1.19, surpassing the $0.98 estimate, but its sales of $128.090M fell short of the $128.250M forecast. This represents a 15.6% decrease in earnings and a 25.68% drop in sales from the same period last year.
April 25, 2024 | 9:04 pm
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Bel Fuse reported higher-than-expected Q1 2024 EPS at $1.19 but missed sales estimates slightly, with a significant year-over-year decrease in both earnings and sales.
While the beat on EPS estimates is positive, the slight miss on sales forecasts and the significant year-over-year decline in both earnings and sales could temper investor enthusiasm. The mixed results present a neutral outlook in the short term as the positive EPS surprise may be offset by concerns over declining sales and earnings.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100