Belden
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Belden met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew slightly and GAAP earnings per share grew significantly.
Gross margins expanded, operating margins shrank, net margins grew.
Revenue details
Belden tallied revenue of $477.7 million. The six analysts polled by S&P Capital IQ wanted to see revenue of $480.8 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.78. The six earnings estimates compiled by S&P Capital IQ predicted $0.67 per share. GAAP EPS of $3.70 for Q4 were much higher than the prior-year quarter's $0.56 per share. (The prior-year quarter included -$0.01 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 31.5%, 200 basis points better than the prior-year quarter. Operating margin was 6.9%, 140 basis points worse than the prior-year quarter. Net margin was 34.9%, 2,920 basis points better than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $498.6 million. On the bottom line, the average EPS estimate is $0.76.
Next year's average estimate for revenue is $2.09 billion. The average EPS estimate is $3.53.
Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 160 members out of 167 rating the stock outperform, and seven members rating it underperform. Among 51 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 50 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 $47.00.
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