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Teradyne (TER) Stock Declines While Market Improves: Some Information for Investors
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Teradyne (TER - Free Report) closed the most recent trading day at $93.06, moving -1.19% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 0.83%. At the same time, the Dow added 0.77%, and the tech-heavy Nasdaq gained 1.02%.
Coming into today, shares of the maker of wireless products, data storage and equipment to test semiconductors had gained 14.77% in the past month. In that same time, the Computer and Technology sector gained 8.25%, while the S&P 500 gained 4.99%.
The investment community will be closely monitoring the performance of Teradyne in its forthcoming earnings report. The company is forecasted to report an EPS of $0.54, showcasing a 37.21% downward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $646.05 million, indicating a 11.49% downward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.16 per share and a revenue of $2.9 billion, representing changes of -1.86% and +2.89%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Teradyne. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Teradyne presently features a Zacks Rank of #4 (Sell).
Investors should also note Teradyne's current valuation metrics, including its Forward P/E ratio of 29.77. This represents a premium compared to its industry average Forward P/E of 19.38.
It is also worth noting that TER currently has a PEG ratio of 4.12. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Electronics - Miscellaneous Products industry had an average PEG ratio of 1.78.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 165, putting it in the bottom 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Teradyne (TER) Stock Declines While Market Improves: Some Information for Investors
Teradyne (TER - Free Report) closed the most recent trading day at $93.06, moving -1.19% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 0.83%. At the same time, the Dow added 0.77%, and the tech-heavy Nasdaq gained 1.02%.
Coming into today, shares of the maker of wireless products, data storage and equipment to test semiconductors had gained 14.77% in the past month. In that same time, the Computer and Technology sector gained 8.25%, while the S&P 500 gained 4.99%.
The investment community will be closely monitoring the performance of Teradyne in its forthcoming earnings report. The company is forecasted to report an EPS of $0.54, showcasing a 37.21% downward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $646.05 million, indicating a 11.49% downward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.16 per share and a revenue of $2.9 billion, representing changes of -1.86% and +2.89%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Teradyne. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Teradyne presently features a Zacks Rank of #4 (Sell).
Investors should also note Teradyne's current valuation metrics, including its Forward P/E ratio of 29.77. This represents a premium compared to its industry average Forward P/E of 19.38.
It is also worth noting that TER currently has a PEG ratio of 4.12. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Electronics - Miscellaneous Products industry had an average PEG ratio of 1.78.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 165, putting it in the bottom 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.