Alert: New Earnings Report (11/2/23)-Belden Inc (NYSE: BDC).


Belden Inc (NYSE: BDC) has reported earnings for its third fiscal quarter (ending September 30) of $1.72 versus $2.38 for the same period a year ago — a decline of -28%. This performance was $-0.04 short of the consensus estimate of $1.76. E.P.S. were $6.24 for the latest four quarters through September 30 versus $6.46 for the same period a year ago — a decline of -3%.


Recent Price Action

Belden Inc (NYSE: BDC) stock closed at $62.73 on 11/2/23 after a major decline of -12.7%. The stock has declined -8.6% during the last week but has been strong relative to the market over the last nine months.

Current PriceTarget Research Rating

BDC’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.

Belden has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Belden has a poor Appreciation Score of 21 but a good Power Rating of 73, resulting in the Neutral Value Trend Rating.

Rating Review

In light of this new information and highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.

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