Key Takeaways
- • Benchmark (NYSE:BHE) is scheduled to report quarterly results this Wednesday after market close, according to StockStory.
- • Benchmark's last quarter revenue was $756 million, up 17.7% year on year, beating analyst revenue expectations.
- • Analysts expect revenue growth of 13.9% year on year this quarter, compared with 3.5% growth in the same quarter last year.
- • Benchmark has missed Wall Street revenue estimates multiple times over the last two years, and shares are down 16.6% over the last month versus a 3.9% average gain for the electronic components and manufacturing segment.
- • The average analyst price target is $84.33, against a share price of $69.03 heading into earnings.
Summary
Electronics manufacturing services provider Benchmark (NYSE:BHE) will report results this Wednesday after market close, according to StockStory. The company beat analysts' revenue expectations last quarter, reporting revenue of $756 million, up 17.7% year on year. StockStory described the quarter as a solid beat on analysts' EPS guidance for the next quarter, with revenue guidance also exceeding expectations.
For the coming quarter, the market expects Benchmark's revenue to grow 13.9% year on year, an improvement from the 3.5% increase recorded in the same quarter last year. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they expect the business to maintain its current trajectory. However, Benchmark has missed Wall Street revenue estimates several times over the past two years.
Peers in the electronic components and manufacturing segment offer an early read on the period. Knowles reported year-on-year revenue growth of 20.3%, beating analyst expectations by 6.9%, and its shares traded down 3.6% after the results. Jabil reported revenue up 28.6%, topping estimates by 9.8%, though its shares fell 6%.
Sector sentiment has been positive, with segment share prices up 3.9% on average over the last month. Benchmark shares are down 16.6% over the same period. The stock trades at $69.03, below the average analyst price target of $84.33.
For the coming quarter, the market expects Benchmark's revenue to grow 13.9% year on year, an improvement from the 3.5% increase recorded in the same quarter last year. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they expect the business to maintain its current trajectory. However, Benchmark has missed Wall Street revenue estimates several times over the past two years.
Peers in the electronic components and manufacturing segment offer an early read on the period. Knowles reported year-on-year revenue growth of 20.3%, beating analyst expectations by 6.9%, and its shares traded down 3.6% after the results. Jabil reported revenue up 28.6%, topping estimates by 9.8%, though its shares fell 6%.
Sector sentiment has been positive, with segment share prices up 3.9% on average over the last month. Benchmark shares are down 16.6% over the same period. The stock trades at $69.03, below the average analyst price target of $84.33.
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