Wall Street is tracking the electrical connector manufacturer closely after a strong prior period that exceeded expectations.
Amphenol Q2 Revenue Growth and Wall Street Expectations
For the upcoming quarter, the market expects Amphenol’s revenue to grow 46.8% year on year. This projected figure marks a slowdown from the 56.5% increase the company recorded in the same quarter last year, based on market data. Last quarter, Amphenol reported revenues of $7.62 billion, representing a 58.4% increase year on year that beat analyst predictions. Analysts covering the firm have generally reconfirmed their estimates over the last 30 days, indicating that market watchers anticipate the business will stay its course heading into the announcement.
Did you know? Amphenol has a historical track record of exceeding Wall Street’s consensus expectations.
Tech Hardware and Electronics Sector Peers Performance
Several peers in the tech hardware and electronics segment have already published their second-quarter results, offering a benchmark for industry performance. Knowles delivered year-on-year revenue growth of 14.3%, beating analysts’ expectations by 6.3%. At the same time, Jabil reported revenues up 11.8%, topping estimates by 2.3%, according to recent earnings releases. Market reaction to these prints varied; Knowles traded down 3.6% following its results, while Jabil’s stock price remained unchanged.
Investor sentiment across the broader tech hardware and electronics segment has remained positive, with share prices up 3.2% on average over the last month.
Frequently Asked Questions
When will Amphenol release its Q2 earnings?
Amphenol is scheduled to release its second-quarter earnings results this Wednesday before the market opens.
What was Amphenol’s revenue in the previous quarter?
What is the analyst price target for Amphenol stock?
The average analyst price target for Amphenol stands at $189.39, compared to its recent trading price of $148.99.
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