Benchmark Electronics Sees Q2 Adj. EPS $0.48-$0.54 vs $0.41 Est., Revenue $615M-$655M vs $632.9M Est.
Portfolio Pulse from Benzinga Newsdesk
Benchmark Electronics forecasts Q2 adjusted EPS of $0.48-$0.54, surpassing the estimated $0.41, and anticipates revenue between $615M-$655M, compared to the expected $632.9M.
May 01, 2024 | 8:20 pm
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Benchmark Electronics projects a higher Q2 adjusted EPS of $0.48-$0.54 against an estimate of $0.41 and expects revenue to be between $615M-$655M, versus the anticipated $632.9M.
Benchmark Electronics' forecast surpasses analysts' expectations for both EPS and revenue, indicating a positive outlook for the company's financial performance in Q2. This positive earnings and revenue guidance is likely to instill investor confidence, potentially leading to a short-term uptick in BHE's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100