Earnings To Watch: Amphenol (APH) Reports Q4 Results Tomorrow

Electrical connector manufacturer Amphenol (NYSE:APH) will be announcing earnings results this Wednesday morning. Here’s what to look for.

Amphenol beat analysts’ revenue expectations by 10.9% last quarter, reporting revenues of $6.19 billion, up 53.4% year on year. It was an incredible quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ EPS guidance for next quarter estimates.

Is Amphenol a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Amphenol’s revenue to grow 44.4% year on year to $6.23 billion, improving from the 29.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.94 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. Amphenol has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 7.9% on average.

Looking at Amphenol’s peers in the tech hardware & electronics segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Jabil delivered year-on-year revenue growth of 18.7%, beating analysts’ expectations by 3.8%, and TD SYNNEX reported revenues up 9.7%, topping estimates by 2.6%. Jabil traded up 2.1% following the results while TD SYNNEX’s stock price was unchanged.

Read our full analysis of Jabil’s results here and TD SYNNEX’s results here.

Investors in the tech hardware & electronics segment have had steady hands going into earnings, with share prices up 1.8% on average over the last month. Amphenol is up 13.9% during the same time and is heading into earnings with an average analyst price target of $159.10 (compared to the current share price of $155.98).

Today’s young investors won’t have read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.