Benchmark Electronics: Margin Strength Results In Technical Breakout (Upgrading To Buy) [Seeking Alpha]
Benchmark Electronics, Inc. (BHE)
Last benchmark electronics, inc. earnings: 4/29 04:07 pm
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Source: Seeking Alpha
Play 9min Summary We initially rated Benchmark Electronics as 'Hold' due to macro uncertainties and sluggish growth in key segments but noted a potential bullish ascending triangle pattern. Following a strong Q1 earnings beat and a significant breakout above $32, we now upgrade BHE to 'Buy' with a stop loss around $35. Q2 results showed a 9% revenue drop but a non-GAAP earnings surprise at $0.57 per share, driven by strong free cash flow, margin growth, and positive inventory trends. Sustained trends in free cash flow, gross margin growth, and inventory management support our upgraded rating and the long-term success of Benchmark Electronics. mbbirdy/iStock via Getty Images Intro We wrote about Benchmark Electronics, Inc. ( NYSE: BHE ) back in March of this year when we stood pat on our 'Hold' rating due to an uncertain macro picture coupled with sluggish growth in some of Benchmark's key business segments. The one disclaimer however which we provided in that covera
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BHE
News
- Benchmark Electronics (NYSE:BHE) shareholders have earned a 90% return over the last year [Yahoo! Finance]Yahoo! Finance
- Benchmark Electronics, Inc. (NYSE: BHE) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Benchmark Electronics, Inc. (NYSE: BHE) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Ouster Reports Record Performance for Third Quarter 2024 [Yahoo! Finance]Yahoo! Finance
- Benchmark Electronics, Inc. (NYSE: BHE) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
BHE
Earnings
- 5/1/24 - Beat
BHE
Sec Filings
- 11/20/24 - Form 4
- 11/19/24 - Form 144
- 11/13/24 - Form 4
- BHE's page on the SEC website