The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Belden's revenues will expand 3.5% and EPS will expand 9.8%.
The average estimate for revenue is $480.8 million. On the bottom line, the average EPS estimate is $0.67.
Last quarter, Belden notched revenue of $490.4 million. GAAP reported sales were 5.6% lower than the prior-year quarter's $519.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.77. GAAP EPS were -$0.87 for Q3 compared to $0.65 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 preceding quarter, gross margin was 32.7%, 330 basis points better than the prior-year quarter. Operating margin was 9.5%, 20 basis points worse than the prior-year quarter. Net margin was -7.9%, 1,390 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $1.87 billion. The average EPS estimate is $2.77.
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 54 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 53 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 $41.20.
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