Recap: Belden Q1 Earnings

 

Belden BDC reported its Q1 earnings results on Wednesday, May 4, 2022 at 07:30 AM.

Here's what investors need to know about the announcement.

Earnings

Belden beat estimated earnings by 20.18%, reporting an EPS of $1.31 versus an estimate of $1.09.

Revenue was up $73.97 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.05 which was followed by a 4.21% drop in the share price the next day.

Here's a look at Belden's past performance:

 

Quarter Q4 2021 Q3 2021 Q2 2021 Q1 2021
EPS Estimate 1.27 1.18 0.93 0.66
EPS Actual 1.32 1.31 1.21 0.94
Revenue Estimate 625.51M 601.53M 542.76M 498.03M
Revenue Actual 638.91M 630.84M 601.97M 536.40M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Belden management provided guidance for FY 2022, expecting earnings between $5.55 and $5.85 per share.

To track all earnings releases for Belden visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Posted In: EarningsNewsBZI-Recaps
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