Belden Expects Q3 Adj. EPS Of $1.55 - $1.65 Vs. Consensus Of $1.37 And Revenue Of $635M-$650M Vs. Consensus Of $574.320M
Portfolio Pulse from Benzinga Newsdesk
Belden Inc. (BDC) has announced its Q3 adjusted EPS expectations to be between $1.55 and $1.65, significantly higher than the consensus of $1.37. Additionally, the company expects revenue to be between $635 million and $650 million, surpassing the consensus estimate of $574.32 million.
August 01, 2024 | 11:36 am
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Belden Inc. (BDC) has raised its Q3 adjusted EPS expectations to $1.55-$1.65, well above the consensus of $1.37. The company also expects revenue to be $635M-$650M, significantly higher than the consensus estimate of $574.32M.
Belden's raised EPS and revenue expectations significantly exceed market consensus, indicating strong financial performance. This is likely to positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100