Belden Expects Q2 Adjusted EPS Of $1.30-$1.40 Vs. Consensus Of $1.34 And Revenue Of $565M-$580M Vs. Consensus Of $565.261M
Portfolio Pulse from Benzinga Newsdesk
Belden Inc. projects Q2 adjusted EPS of $1.30-$1.40, aligning with a consensus of $1.34, and anticipates revenues between $565M-$580M, closely matching the consensus estimate of $565.261M. The company acknowledges ongoing customer destocking and other temporary challenges but expects stable end demand and a slight revenue increase, consistent with seasonal trends. Belden's leadership remains optimistic about long-term growth and the company's strategic positioning.
May 02, 2024 | 11:45 am
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Belden Inc. expects Q2 adjusted EPS of $1.30-$1.40, meeting analyst expectations, with projected revenues of $565M-$580M, slightly above the consensus. Despite facing temporary challenges, the company is optimistic about its long-term growth prospects.
Belden's guidance aligns with or slightly exceeds analyst expectations, indicating a positive outlook despite temporary headwinds. The company's confidence in long-term growth and strategic positioning may positively influence investor sentiment and stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100