Amphenol to report Q2 earnings with expected revenue growth, potential challenges in wireless market.

From Nasdaq: 2024-07-19 09:54:00

Amphenol (APH) is set to announce its second-quarter 2024 results on Jul 24. Expected earnings are 79-81 cents/share with revenues of $3.24-$3.30 billion. The Zacks Consensus Estimate for revenues is $3.34 billion, a 9.42% increase year-over-year, with earnings estimated at 41 cents/share, a 13.89% growth from the previous year.

Amphenol’s consistent earnings beats have led to an average surprise of 6.87%. The company’s diverse business model mitigates risks, with continued strength in the IT and Data Communications market expected to drive second-quarter growth. Acquisitions have expanded offerings, but challenges in the wireless market may impact growth.

Investors are eyeing Amphenol’s upcoming earnings report closely. The company’s strong performance in defense, aerospace, and automotive markets is expected to boost results. While acquisitions have positively impacted growth, challenges in the wireless sector may temper overall revenue growth. The IT and Data Communications market remains a key driver for Amphenol’s success.

As Amphenol prepares to announce its second-quarter results, market analysts are looking at factors that may influence the company’s performance. Despite the company’s strong presence in key industry sectors and recent acquisitions, challenges in the wireless market could impact overall revenue growth. The IT and Data Communications market continues to be a growth driver for Amphenol.



Read more at Nasdaq: Amphenol (APH) to Report Q2 Earnings: What’s in the Cards?