Electronic component provider Littelfuse (NASDAQ:LFUS) will be announcing earnings results tomorrow afternoon. Here’s what investors should know.
Littelfuse beat analysts’ revenue expectations by 3.4% last quarter, reporting revenues of $558.5 million, down 8.7% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ EBITDA estimates.
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 8.1% year on year to $557.7 million, in line with the 7.9% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.08 per share.
Analysts covering the company have generally 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 Q3 results, giving us a hint as to what we can expect. Vicor’s revenues decreased 13.6% year on year, beating analysts’ expectations by 9.3%, and Rogers reported a revenue decline of 8.2%, falling short of estimates by 4.5%. Vicor traded up 13.9% following the results while Rogers was also up 1.9%.
Read our full analysis of Vicor’s results here and Rogers’s results here.
Investors in the electronic components segment have had fairly steady hands going into earnings, with share prices down 1.1% on average over the last month. Littelfuse is down 4.5% during the same time and is heading into earnings with an average analyst price target of $295.33 (compared to the current share price of $253.22).
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