Advertisement
Canada markets closed
  • S&P/TSX

    21,897.98
    -367.07 (-1.65%)
     
  • S&P 500

    5,266.95
    -39.09 (-0.74%)
     
  • DOW

    38,441.54
    -411.32 (-1.06%)
     
  • CAD/USD

    0.7288
    -0.0003 (-0.04%)
     
  • CRUDE OIL

    79.22
    -0.01 (-0.01%)
     
  • Bitcoin CAD

    92,629.16
    -1,216.24 (-1.30%)
     
  • CMC Crypto 200

    1,453.51
    -31.18 (-2.10%)
     
  • GOLD FUTURES

    2,335.00
    -6.20 (-0.26%)
     
  • RUSSELL 2000

    2,036.19
    -30.66 (-1.48%)
     
  • 10-Yr Bond

    4.6240
    +0.0820 (+1.81%)
     
  • NASDAQ futures

    18,714.50
    -88.25 (-0.47%)
     
  • VOLATILITY

    14.28
    +1.36 (+10.53%)
     
  • FTSE

    8,183.07
    -71.11 (-0.86%)
     
  • NIKKEI 225

    37,745.49
    -811.38 (-2.10%)
     
  • CAD/EUR

    0.6748
    +0.0002 (+0.03%)
     

Amphenol (APH) to Report Q1 Earnings: What's in the Cards?

Amphenol APH is set to report its first-quarter 2024 results on Apr 24.

It expects first-quarter 2024 earnings between 71 cents and 73 cents per share, indicating growth between 3% and 6% year over year. Revenues are anticipated between $3.04 billion and $3.10 billion.

The Zacks Consensus Estimate for first-quarter revenues is pegged at $3.08 billion, indicating an increase of 3.48% from the figure reported in the year-ago quarter.

The consensus mark for earnings has been steady at 74 cents per share over the past 30 days, suggesting 7.25% growth from the figure reported in the year-ago quarter.

Amphenol’s earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 5.59%.

Amphenol Corporation Price and EPS Surprise

Amphenol Corporation Price and EPS Surprise
Amphenol Corporation Price and EPS Surprise

Amphenol Corporation price-eps-surprise | Amphenol Corporation Quote

ADVERTISEMENT

 

Let’s see how things have shaped up for the upcoming announcement:

Factors to Consider

Amphenol’s diversified business model lowers the risks posed by the volatility of individual end markets and geographies. No end-market represented more than 25% of sales in 2023.

Strong contributions from the acquisitions, including TPC Wire & Cable, Airmar Technology, LID Technologies and PCTEL (completed in the previous quarter), are expected to have aided its first-quarter results.

Acquisitions have expanded its high technology and value-added interconnect product offerings to end markets, including defense, commercial aerospace and industrial product offerings. Top-line growth is expected to be reflected by this trend.

However, weakness in the industrial, mobile device and mobile networks end markets is expected to have hurt top-line growth in the to-be-reported quarter.

Industrial sales suffered from weak demand for battery and electric heavy vehicles, building automation, transportation and heavy equipment. The trend is expected to have continued in the to-be-reported quarter.

Mobile device sales are expected to have suffered from weak tablets, laptops and wearables sales.

What Our Model Says

According to the Zacks model, the combination of a positive Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the exact case here.

Amphenol has an Earnings ESP of -2.33% and carries a Zacks Rank #2. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Stocks to Consider

Here are a few companies worth considering, as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases:

Vertiv VRT has an Earnings ESP of +1.24% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

Vertiv shares have gained 68.7% year to date. VRT is set to report its first-quarter 2024 results on Apr 24.

Meta Platforms META has an Earnings ESP of +0.62% and a Zacks Rank #2 at present.

Meta shares have gained 41.8% year to date. META is set to report its first-quarter 2024 results on Apr 24.

Itron ITRI has an Earnings ESP of +5.88% and has a Zacks Rank of 2 at present.

Itron shares have gained 19.8% year to date. ITRI is set to report its first-quarter 2024 results on May 2.


Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Itron, Inc. (ITRI) : Free Stock Analysis Report

Amphenol Corporation (APH) : Free Stock Analysis Report

Vertiv Holdings Co. (VRT) : Free Stock Analysis Report

Meta Platforms, Inc. (META) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research