Belden (NYSE: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.
