Belden (NYSE: BDC ) reported earnings on Aug. 9. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended July 1 (Q2), Belden missed estimates on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share grew significantly.
Margins grew across the board.
Belden reported revenue of $484.0 million. The six analysts polled by S&P Capital IQ wanted to see a top line of $503.9 million on the same basis. GAAP reported sales were 9.7% lower than the prior-year quarter's $536.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.95. The seven earnings estimates compiled by S&P Capital IQ predicted $0.74 per share. GAAP EPS of $0.92 for Q2 were 28% higher than the prior-year quarter's $0.72 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 31.4%, 220 basis points better than the prior-year quarter. Operating margin was 11.7%, 160 basis points better than the prior-year quarter. Net margin was 8.8%, 230 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $510.1 million. On the bottom line, the average EPS estimate is $0.71.
Next year's average estimate for revenue is $1.97 billion. The average EPS estimate is $2.94.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 158 members out of 165 rating the stock outperform, and seven members rating it underperform. Among 46 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 45 give Belden a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Belden is outperform, with an average price target of $43.42.
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