Electronic component provider Littelfuse (NASDAQ: LFUS) will be reporting earnings this Wednesday morning. Here’s what to expect.
Littelfuse beat analysts’ revenue expectations last quarter, reporting revenues of $657 million, up 18.5% year on year. It was a stunning quarter for the company, with a solid beat of analysts’ EBITDA estimates and a beat of analysts’ EPS estimates.
Is Littelfuse a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Littelfuse’s revenue to grow 14.3% year on year, improving from the 9.8% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Littelfuse has a history of exceeding Wall Street’s expectations.
Looking at Littelfuse’s peers in the electrical equipment segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Allegion delivered year-on-year revenue growth of 12.7%, beating analysts’ expectations by 3.1%, and Teledyne reported revenues up 9.8%, topping estimates by 5.3%. Allegion traded up 9.6% following the results while Teledyne’s stock price was unchanged.
Read our full analysis of Allegion’s results here and Teledyne’s results here.
Over the last year or so, investors' attention has moved from one major market theme to the next, spanning AI disruption and surging infrastructure investment to geopolitical tensions, interest rates, and the health of the broader economy. While some of the electrical equipment stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.3% on average over the last month. Littelfuse is down 10.4% during the same time and is heading into earnings with an average analyst price target of $482.50 (compared to the current share price of $402.50).
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