The 10-second takeaway
For the quarter ended June 30 (Q2), Bel Fuse beat slightly on revenue and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share increased.
Gross margins dropped, operating margins contracted, and net margins expanded.
Bel Fuse chalked up revenue of $73.2 million. The two analysts polled by S&P Capital IQ predicted net sales of $72.2 million on the same basis. GAAP reported sales were 7.5% lower than the prior-year quarter's $79.2 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 $0.16. The two earnings estimates compiled by S&P Capital IQ averaged $0.12 per share. GAAP EPS were $0.12 for Q2 compared to -$0.05 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 16.6%, 80 basis points worse than the prior-year quarter. Operating margin was 3.7%, 60 basis points worse than the prior-year quarter. Net margin was 2.0%, 270 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $76.3 million. On the bottom line, the average EPS estimate is $0.13.
Next year's average estimate for revenue is $289.3 million. The average EPS estimate is $0.49.
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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