The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Bel Fuse missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly and GAAP earnings per share improved.
Gross margins dropped, operating margins shrank, net margins increased.
Bel Fuse reported revenue of $68.6 million. The one analyst polled by S&P Capital IQ foresaw revenue of $74.9 million. GAAP sales were 18% lower than the prior-year quarter's $83.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.02. The one earnings estimate compiled by S&P Capital IQ predicted $0.13 per share on the same basis. GAAP EPS were $0.01 for Q4 compared to -$0.09 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 14.9%, 980 basis points worse than the prior-year quarter. Operating margin was 1.9%, 700 basis points worse than the prior-year quarter. Net margin was 0.1%, 130 basis points better than the prior-year quarter.
Next year's average estimate for revenue is $316.6 million. The average EPS estimate is $0.80.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Bel Fuse is outperform, with an average price target of $20.00.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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