Bel Fuse (Nasdaq: BELFB ) reported earnings on Feb. 14. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Bel Fuse met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share dropped to a loss.
Margins dropped across the board.
Bel Fuse chalked up revenue of $71.8 million. The two analysts polled by S&P Capital IQ foresaw revenue of $71.9 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 came in at $0.09. The two earnings estimates compiled by S&P Capital IQ forecast $0.21 per share. GAAP EPS were -$0.22 for Q4 versus $0.01 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 15.7%, 410 basis points worse than the prior-year quarter. Operating margin was 0.1%, 180 basis points worse than the prior-year quarter. Net margin was -3.5%, 360 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $67.0 million. On the bottom line, the average EPS estimate is $0.11.
Next year's average estimate for revenue is $300.3 million. The average EPS estimate is $0.95.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Bel Fuse is outperform, with an average price target of $19.50.
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