Bel Fuse (BELFB) Advances While Market Declines: Some Information for Investors
Bel Fuse (BELFB) closed at $73.37 in the latest trading session, marking a +1.79% move from the prior day. This change outpaced the S&P 500's 0.1% loss on the day. Meanwhile, the Dow experienced a rise of 0.33%, and the technology-dominated Nasdaq saw a decrease of 0.3%.
Coming into today, shares of the maker of electronic products for circuits had gained 14.48% in the past month. In that same time, the Computer and Technology sector gained 11.35%, while the S&P 500 gained 5.78%.
Analysts and investors alike will be keeping a close eye on the performance of Bel Fuse in its upcoming earnings disclosure. The company's earnings report is set to go public on February 21, 2024. The company is expected to report EPS of $1.44, up 6.67% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $152.86 million, showing a 9.66% drop compared to the year-ago quarter.
Investors should also pay attention to any latest changes in analyst estimates for Bel Fuse. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.13% higher within the past month. Bel Fuse presently features a Zacks Rank of #3 (Hold).
Investors should also note Bel Fuse's current valuation metrics, including its Forward P/E ratio of 11.46. This signifies a discount in comparison to the average Forward P/E of 19.68 for its industry.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 203, positioning it in the bottom 20% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Bel Fuse Inc. (BELFB) : Free Stock Analysis Report
