We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
It expects first-quarter 2024 earnings between 71 cents and 73 cents per share, indicating growth between 3% and 6% year over year. Revenues are anticipated between $3.04 billion and $3.10 billion.
The Zacks Consensus Estimate for first-quarter revenues is pegged at $3.08 billion, indicating an increase of 3.48% from the figure reported in the year-ago quarter.
The consensus mark for earnings has been steady at 74 cents per share over the past 30 days, suggesting 7.25% growth from the figure reported in the year-ago quarter.
Amphenol’s earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 5.59%.
Let’s see how things have shaped up for the upcoming announcement:
Factors to Consider
Amphenol’s diversified business model lowers the risks posed by the volatility of individual end markets and geographies. No end-market represented more than 25% of sales in 2023.
Strong contributions from the acquisitions, including TPC Wire & Cable, Airmar Technology, LID Technologies and PCTEL (completed in the previous quarter), are expected to have aided its first-quarter results.
Acquisitions have expanded its high technology and value-added interconnect product offerings to end markets, including defense, commercial aerospace and industrial product offerings. Top-line growth is expected to be reflected by this trend.
However, weakness in the industrial, mobile device and mobile networks end markets is expected to have hurt top-line growth in the to-be-reported quarter.
Industrial sales suffered from weak demand for battery and electric heavy vehicles, building automation, transportation and heavy equipment. The trend is expected to have continued in the to-be-reported quarter.
Mobile device sales are expected to have suffered from weak tablets, laptops and wearables sales.
What Our Model Says
According to the Zacks model, the combination of a positive Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the exact case here.
Amphenol has an Earnings ESP of -2.33% and carries a Zacks Rank #2. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are a few companies worth considering, as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases:
Image: Bigstock
Amphenol (APH) to Report Q1 Earnings: What's in the Cards?
Amphenol (APH - Free Report) is set to report its first-quarter 2024 results on Apr 24.
It expects first-quarter 2024 earnings between 71 cents and 73 cents per share, indicating growth between 3% and 6% year over year. Revenues are anticipated between $3.04 billion and $3.10 billion.
The Zacks Consensus Estimate for first-quarter revenues is pegged at $3.08 billion, indicating an increase of 3.48% from the figure reported in the year-ago quarter.
The consensus mark for earnings has been steady at 74 cents per share over the past 30 days, suggesting 7.25% growth from the figure reported in the year-ago quarter.
Amphenol’s earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 5.59%.
Amphenol Corporation Price and EPS Surprise
Amphenol Corporation price-eps-surprise | Amphenol Corporation Quote
Let’s see how things have shaped up for the upcoming announcement:
Factors to Consider
Amphenol’s diversified business model lowers the risks posed by the volatility of individual end markets and geographies. No end-market represented more than 25% of sales in 2023.
Strong contributions from the acquisitions, including TPC Wire & Cable, Airmar Technology, LID Technologies and PCTEL (completed in the previous quarter), are expected to have aided its first-quarter results.
Acquisitions have expanded its high technology and value-added interconnect product offerings to end markets, including defense, commercial aerospace and industrial product offerings. Top-line growth is expected to be reflected by this trend.
However, weakness in the industrial, mobile device and mobile networks end markets is expected to have hurt top-line growth in the to-be-reported quarter.
Industrial sales suffered from weak demand for battery and electric heavy vehicles, building automation, transportation and heavy equipment. The trend is expected to have continued in the to-be-reported quarter.
Mobile device sales are expected to have suffered from weak tablets, laptops and wearables sales.
What Our Model Says
According to the Zacks model, the combination of a positive Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the exact case here.
Amphenol has an Earnings ESP of -2.33% and carries a Zacks Rank #2. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are a few companies worth considering, as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases:
Vertiv (VRT - Free Report) has an Earnings ESP of +1.24% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Vertiv shares have gained 68.7% year to date. VRT is set to report its first-quarter 2024 results on Apr 24.
Meta Platforms (META - Free Report) has an Earnings ESP of +0.62% and a Zacks Rank #2 at present.
Meta shares have gained 41.8% year to date. META is set to report its first-quarter 2024 results on Apr 24.
Itron (ITRI - Free Report) has an Earnings ESP of +5.88% and has a Zacks Rank of 2 at present.
Itron shares have gained 19.8% year to date. ITRI is set to report its first-quarter 2024 results on May 2.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.