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Bel Fuse (BELFB) Outperforms Broader Market: What You Need to Know
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The most recent trading session ended with Bel Fuse (BELFB - Free Report) standing at $62.96, reflecting a +0.67% shift from the previouse trading day's closing. The stock's change was more than the S&P 500's daily gain of 0.08%. Meanwhile, the Dow experienced a drop of 0.31%, and the technology-dominated Nasdaq saw an increase of 0.02%.
The maker of electronic products for circuits's stock has dropped by 1.65% in the past month, falling short of the Computer and Technology sector's gain of 2.68% and the S&P 500's gain of 3.52%.
The upcoming earnings release of Bel Fuse will be of great interest to investors. The company's earnings per share (EPS) are projected to be $1.44, reflecting a 6.67% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $151 million, showing a 10.76% drop compared to the year-ago quarter.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Bel Fuse. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Right now, Bel Fuse possesses a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Bel Fuse has a Forward P/E ratio of 10.06 right now. This expresses a discount compared to the average Forward P/E of 18.46 of its industry.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 209, putting it in the bottom 18% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Bel Fuse (BELFB) Outperforms Broader Market: What You Need to Know
The most recent trading session ended with Bel Fuse (BELFB - Free Report) standing at $62.96, reflecting a +0.67% shift from the previouse trading day's closing. The stock's change was more than the S&P 500's daily gain of 0.08%. Meanwhile, the Dow experienced a drop of 0.31%, and the technology-dominated Nasdaq saw an increase of 0.02%.
The maker of electronic products for circuits's stock has dropped by 1.65% in the past month, falling short of the Computer and Technology sector's gain of 2.68% and the S&P 500's gain of 3.52%.
The upcoming earnings release of Bel Fuse will be of great interest to investors. The company's earnings per share (EPS) are projected to be $1.44, reflecting a 6.67% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $151 million, showing a 10.76% drop compared to the year-ago quarter.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Bel Fuse. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Right now, Bel Fuse possesses a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Bel Fuse has a Forward P/E ratio of 10.06 right now. This expresses a discount compared to the average Forward P/E of 18.46 of its industry.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 209, putting it in the bottom 18% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.