Electrical connector manufacturer Amphenol (NYSE:APH) will be reporting earnings tomorrow morning. Here’s what you need to know.
Amphenol beat analysts’ revenue expectations by 5.8% last quarter, reporting revenues of $4.32 billion, up 29.8% year on year. It was a slower quarter for the company, with full-year revenue and EPS guidance missing analysts' expectations.
This quarter, analysts are expecting Amphenol’s revenue to grow 30.8% year on year to $4.26 billion, improving from the 9.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.52 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 missed Wall Street’s revenue estimates twice over the last two years.
Looking at Amphenol’s peers in the tech hardware & electronics segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Jabil posted flat year-on-year revenue, beating analysts’ expectations by 5.1%, and TD SYNNEX reported revenues up 4%, falling short of estimates by 1.7%. Jabil traded up 4.1% following the results, while TD SYNNEX was down 16.6%.
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