Stock Analysis

Bel Fuse Second Quarter 2024 Earnings: Beats Expectations

NasdaqGS:BELF.A
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Bel Fuse (NASDAQ:BELF.A) Second Quarter 2024 Results

Key Financial Results

  • Revenue: US$133.2m (down 21% from 2Q 2023).
  • Net income: US$18.8m (down 32% from 2Q 2023).
  • Profit margin: 14% (down from 17% in 2Q 2023). The decrease in margin was driven by lower revenue.
  • EPS: US$1.48 (down from US$2.17 in 2Q 2023).
earnings-and-revenue-growth
NasdaqGS:BELF.A Earnings and Revenue Growth July 26th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Bel Fuse Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 61%.

Looking ahead, revenue is forecast to grow 2.3% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Electronic industry in the US.

Performance of the American Electronic industry.

The company's shares are up 9.9% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Bel Fuse's balance sheet health.

Valuation is complex, but we're here to simplify it.

Discover if Bel Fuse might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.