Recap: Belden Q1 Earnings

Belden BDC reported its Q1 earnings results on Wednesday, May 4, 2022 at 07:30 AM.

Here's what investors need to know about the announcement.

Belden beat estimated earnings by 20.18%, reporting an EPS of $1.31 versus an estimate of $1.09.

Revenue was up $73.97 million from the same period last year.

Last quarter the company beat on EPS by $0.05 which was followed by a 4.21% drop in the share price the next day.

Here's a look at Belden's past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	1.27	1.18	0.93	0.66
EPS Actual	1.32	1.31	1.21	0.94
Revenue Estimate	625.51M	601.53M	542.76M	498.03M
Revenue Actual	638.91M	630.84M	601.97M	536.40M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Belden management provided guidance for FY 2022, expecting earnings between $5.55 and $5.85 per share.

To track all earnings releases for Belden visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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