Electronic component provider Littelfuse (NASDAQ:LFUS) will be reporting results tomorrow after market hours. Here’s what to look for.
Littelfuse beat analysts’ revenue expectations by 1% last quarter, reporting revenues of $529.5 million, flat year on year. It was a slower quarter for the company, with EPS guidance for next quarter missing analysts’ expectations.
Is Littelfuse a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Littelfuse’s revenue to grow 1.3% year on year to $542.2 million, a reversal from the 12.2% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.81 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. Littelfuse has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Littelfuse’s peers in the electrical equipment segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Bel Fuse delivered year-on-year revenue growth of 18.9%, beating analysts’ expectations by 1.6%, and FARO reported a revenue decline of 1.6%, topping estimates by 3.3%. Bel Fuse traded up 3.4% following the results while FARO was also up 19.4%.
Read our full analysis of Bel Fuse’s results here and FARO’s results here.
Investors in the electrical equipment segment have had fairly steady hands going into earnings, with share prices down 1.4% on average over the last month. Littelfuse is down 11.1% during the same time and is heading into earnings with an average analyst price target of $272.19 (compared to the current share price of $174.81).
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