Bel Fuse Inc reports results for the quarter ended in March - Earnings Summary

• Bel Fuse Inc BELFA reported quarterly adjusted earnings of $1.26​​ per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of $1.49. The mean expectation of three analysts for the quarter was for earnings of 97 cents per share. Wall Street expected results to range from 82 cents to $1.15 per share.

• Revenue fell 25.7% to $128.09 million from a year ago; analysts expected $128.65 million.

• Bel Fuse Inc's reported EPS for the quarter was $1.26​.

• The company reported quarterly net income of $15.87 million.

• Bel Fuse Inc shares had risen by 0.6% this quarter and lost 9.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 19.7% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the electronic equipment & parts peer group is also "buy"

Wall Street's median 12-month price target for Bel Fuse Inc is $70.00

This summary was machine generated from LSEG data April 26 at 03:15 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)