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.
Bel Fuse (BELFB) Soars 16.5%: Is Further Upside Left in the Stock?
Read MoreHide Full Article
Bel Fuse (BELFB - Free Report) shares ended the last trading session 16.5% higher at $80.93. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 5.9% gain over the past four weeks.
Belfuse is benefiting from an expanding product portfolio, increasing end-customer demand and a favorable product mix.
This maker of electronic products for circuits is expected to post quarterly earnings of $0.85 per share in its upcoming report, which represents a year-over-year change of -45.2%. Revenues are expected to be $122.92 million, down 22.5% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Bel Fuse, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on BELFB going forward to see if this recent jump can turn into more strength down the road.
Bel Fuse is part of the Zacks Electronics - Miscellaneous Products industry. Flex (FLEX - Free Report) , another stock in the same industry, closed the last trading session 4.2% higher at $32.40. FLEX has returned -2.2% in the past month.
For Flex, the consensus EPS estimate for the upcoming report has changed -0.7% over the past month to $0.57. This represents a change of -16.2% from what the company reported a year ago. Flex currently has a Zacks Rank of #3 (Hold).
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Bel Fuse (BELFB) Soars 16.5%: Is Further Upside Left in the Stock?
Bel Fuse (BELFB - Free Report) shares ended the last trading session 16.5% higher at $80.93. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 5.9% gain over the past four weeks.
Belfuse is benefiting from an expanding product portfolio, increasing end-customer demand and a favorable product mix.
This maker of electronic products for circuits is expected to post quarterly earnings of $0.85 per share in its upcoming report, which represents a year-over-year change of -45.2%. Revenues are expected to be $122.92 million, down 22.5% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Bel Fuse, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on BELFB going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Bel Fuse is part of the Zacks Electronics - Miscellaneous Products industry. Flex (FLEX - Free Report) , another stock in the same industry, closed the last trading session 4.2% higher at $32.40. FLEX has returned -2.2% in the past month.
For Flex, the consensus EPS estimate for the upcoming report has changed -0.7% over the past month to $0.57. This represents a change of -16.2% from what the company reported a year ago. Flex currently has a Zacks Rank of #3 (Hold).