Yahoo Finance Littelfuse (LFUS) Q2 Earnings: What To Expect
Electronic component provider Littelfuse (NASDAQGS:LFUS) will be announcing earnings results tomorrow after the bell. Here's what to expect.
Littelfuse beat analysts' revenue expectations by 3.2% last quarter, reporting revenues of $535.4 million, down 12.2% year on year. It was a very strong quarter for the company, with an impressive beat of analysts' Electronics revenue estimates and solid earnings guidance for the next quarter.
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 decline 11.7% year on year to $540.4 million, a further deceleration from the 1% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.76 per share.
The majority of analysts covering the company have 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 electronic components segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Bel Fuse's revenues decreased 21.1% year on year, beating analysts' expectations by 2.3%, and Rogers reported a revenue decline of 7.2%, in line with consensus estimates. Bel Fuse traded up 9% following the results while Rogers's stock price was unchanged.
Read our full analysis of Bel Fuse's results here and Rogers's results here.
There has been positive sentiment among investors in the electronic components segment, with share prices up 10.9% on average over the last month. Littelfuse is up 5.3% during the same time and is heading into earnings with an average analyst price target of $279.2 (compared to the current share price of $260.01).
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