(LFUS) Littelfuse Incorporated – Reports Another Earnings Surprise

March 3rd, 2010

Littelfuse, Inc (LFUS) topped analysts expectations once again. This was the third consecutive earnings surprise and shares continue to climb.

Company Description

Littelfuse makes components a variety electrical components that are used in the auto, computer and other industries. The company has facilities around the world, but is based in Chicago.

Another Earnings Surprise

On Feb 8 Littelfuse announced quarterly results that included a 21% jump in sales, to $128 million. The Zacks #1 ranked stock earned 52 cents per shares, beating expectations by 3 cents. This was the third consecutive earnings surprise.

Comments from Littelfuse’s CEO highlighted a strong increase in demand and cost reduction measures that bode well for the upcoming year.

Analysts React

Following the earnings news the Zacks Consensus Estimates surged, with full-year 2010 rising to $2.35, from $1.52. Next year’s forecasts are averaging $2.64, up from $2.08. These levels project earnings growth of 286% and 12% respectively.

Valuations

Shares of LFUS are trading at just under 15 times 2011 estimates. Projected growth is a bit pricey, however, with a PEG ratio of roughly 1.5 times.

The Chart

LFUS has more than tripled over the past year. The earnings release added more fuel to the rally as shared popped on the news.

A chart for Littelfuse, Inc

Bill Wilton is the Growth Stock Strategist for Zacks.com. He is also the Editor in charge of the market-beating Zacks Growth Trader service

Zacks Investment Research

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Read more on Littelfuse at Wikinvest

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