Benchmark Electronics Q1 2024 Adj EPS $0.55 Beats $0.46 Estimate, Sales $676.000M Beat $645.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Benchmark Electronics (BHE) reported Q1 2024 adjusted EPS of $0.55, surpassing the $0.46 estimate, with sales of $676M also beating the $645M estimate. However, this represents a 2.69% decrease in sales compared to the same period last year.
May 01, 2024 | 8:16 pm
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POSITIVE IMPACT
Benchmark Electronics reported a strong Q1 2024 performance with both EPS and sales exceeding estimates, though sales saw a slight decline from the previous year.
The positive earnings and sales beat are likely to instill investor confidence and could lead to a short-term uptick in BHE's stock price. However, the slight decrease in year-over-year sales might temper some of the enthusiasm, hence the importance score is not at the maximum.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100