BEL Fuse Inc. is a leading manufacturer and supplier of a wide range of connectivity solutions and components for the electrical and telecommunications industries
The company specializes in producing various types of magnetic components, including transformers, power inductors, and filter modules, as well as circuit protection devices such as fuses and connectors. Their products are used in diverse applications across sectors such as consumer electronics, industrial automation, telecommunications, and transportation, showcasing BEL Fuse's commitment to innovation and quality to meet the evolving demands of modern technology.
Electronic system and device provider Bel Fuse (NASDAQBELFA) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 7% year on year to $149.9 million. On top of that, next quarter’s revenue guidance ($149 million at the midpoint) was surprisingly good and 14.4% above what analysts were expecting. Its GAAP loss of $0.14 per share was significantly below analysts’ consensus estimates.
Bel Fuse currently trades at $81.90 per share and has shown little upside over the past six months, posting a middling return of 1.3%. The stock also fell short of the S&P 500’s 16.9% gain during that period.
Companies Reporting Before The Bell • Gatos Silver (NYSEGATO) is estimated to report quarterly earnings at $0.09 per share on revenue of $83.00 million.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Bel Fuse (NASDAQBELFA) and the best and worst performers in the electronic components industry.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at electronic components stocks, starting with Novanta (NASDAQNOVT).
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the electronic components industry, including Vicor (NASDAQVICR) and its peers.
Bel Fuse currently trades at $90.01 and has been a dream stock for shareholders. It’s returned 548% since November 2019, blowing past the S&P 500’s 87.8% gain. The company has also beaten the index over the past six months as its stock price is up 20.3%. This was partly due to its solid quarterly results, and the performance may have investors wondering how to approach the situation.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the electronic components industry, including Knowles (NYSEKN) and its peers.
Electronic system and device provider Bel Fuse (NASDAQBELFA) met Wall Street’s revenue expectations in Q3 CY2024, but sales fell 22.1% year on year to $123.6 million. On the other hand, next quarter’s revenue guidance of $121 million was less impressive, coming in 3% below analysts’ estimates. Its GAAP profit of $0.65 per share was 20.7% below analysts’ consensus estimates.
U.S. stocks traded higher this morning, with the Nasdaq Composite jumped around 300 points on Thursday. Following the market opening Thursday, the Dow traded up 0.63% to 38,857.02 while the NASDAQ rose 1.95% to 15,884.67. The S&P 500 also fell, dropping, 1.20% to 5,041.45.
