Electronics manufacturing services provider Benchmark (NYSE: BHE) will be reporting results this Tuesday afternoon. Here’s what to look for.
Benchmark beat analysts’ revenue expectations by 0.6% last quarter, reporting revenues of $642.3 million, down 3.5% year on year. It was a mixed quarter for the company, with a narrow beat of analysts’ EPS guidance for next quarter estimates but revenue guidance for next quarter slightly missing analysts’ expectations.
Is Benchmark a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Benchmark’s revenue to be flat year on year at $661.7 million, improving from the 8.6% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.57 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. Benchmark has only missed Wall Street’s revenue estimates once since going public and has exceeded top-line expectations by -0.4% on average.
Looking at Benchmark’s peers in the electronic components & manufacturing segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Amphenol delivered year-on-year revenue growth of 53.4%, beating analysts’ expectations by 10.9%, and TTM Technologies reported revenues up 22.1%, topping estimates by 6%. Amphenol traded up 8.8% following the results while TTM Technologies was down 2.6%.
Read our full analysis of Amphenol’s results here and TTM Technologies’s results here.
The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the electronic components & manufacturing stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.9% on average over the last month. Benchmark is up 15.3% during the same time and is heading into earnings with an average analyst price target of $44.67 (compared to the current share price of $44.49).
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