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Electronics manufacturing services provider Benchmark (NYSE:BHE) will be announcing earnings results tomorrow after the bell. Here’s what investors should know.
Benchmark met analysts’ revenue expectations last quarter, reporting revenues of $656.9 million, down 5% year on year. It was a strong quarter for the company, with a solid beat of analysts’ EPS estimates.
Is Benchmark a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Benchmark’s revenue to decline 5.3% year on year to $640 million, a further deceleration from the 2.8% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.50 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 missed Wall Street’s revenue estimates twice over the last two years.
Looking at Benchmark’s peers in the electronic components & manufacturing segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Knowles’s revenues decreased 32.7% year on year, beating analysts’ expectations by 2.5%, and Amphenol reported revenues up 47.7%, topping estimates by 12.2%. Knowles traded up 2.6% following the results, while Amphenol was also up 15.5%.
Read our full analysis of Knowles’s results here and Amphenol’s results here.
Debates over possible tariffs and corporate tax adjustments have raised questions about economic stability in 2025. 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 2.1% on average over the last month. Benchmark’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $47.67 (compared to the current share price of $38.23).
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