The Gory Details on Bel Fuse's Double Fumble

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Bel Fuse (NAS: BELFB) reported earnings on Feb. 9. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Bel Fuse missed estimates on revenues and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue dropped significantly and GAAP earnings per share improved.

Gross margins dropped, operating margins shrank, net margins increased.

Revenue details
Bel Fuse reported revenue of $68.6 million. The one analyst polled by S&P Capital IQ foresaw revenue of $74.9 million. GAAP sales were 18% lower than the prior-year quarter's $83.7 million.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Non-GAAP EPS came in at $0.02. The one earnings estimate compiled by S&P Capital IQ predicted $0.13 per share on the same basis. GAAP EPS were $0.01 for Q4 compared to -$0.09 per share for the prior-year quarter.

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Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 14.9%, 980 basis points worse than the prior-year quarter. Operating margin was 1.9%, 700 basis points worse than the prior-year quarter. Net margin was 0.1%, 130 basis points better than the prior-year quarter.

Looking ahead
Next year's average estimate for revenue is $316.6 million. The average EPS estimate is $0.80.

Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Bel Fuse is outperform, with an average price target of $20.00.

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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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