Electronic system and device provider Bel Fuse (NASDAQ: BELFA) will be announcing earnings results this Wednesday after market hours. Here’s what you need to know.
Bel Fuse beat analysts’ revenue expectations by 10.1% last quarter, reporting revenues of $168.3 million, up 26.3% year on year. It was an incredible quarter for the company, with a beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.
Is Bel Fuse a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Bel Fuse’s revenue to grow 39.6% year on year to $172.6 million, a reversal from the 22.1% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.40 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Bel Fuse has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time since going public by 5.8% on average.
Looking at Bel Fuse’s peers in the electrical equipment segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Vicor delivered year-on-year revenue growth of 18.5%, beating analysts’ expectations by 15.7%, and Vertiv reported revenues up 29%, topping estimates by 3.4%. Vicor traded up 30.1% following the results while Vertiv was also up 4.6%.
Read our full analysis of Vicor’s results here and Vertiv’s results here.
There has been positive sentiment among investors in the electrical equipment segment, with share prices up 3.8% on average over the last month. Bel Fuse is up 20.2% during the same time.
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