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Insights Into Teledyne (TDY) Q2: Wall Street Projections for Key Metrics
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The upcoming report from Teledyne Technologies (TDY - Free Report) is expected to reveal quarterly earnings of $5.02 per share, indicating an increase of 9.6% compared to the year-ago period. Analysts forecast revenues of $1.47 billion, representing an increase of 7.1% year over year.
The current level reflects an upward revision of 1.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
In light of this perspective, let's dive into the average estimates of certain Teledyne metrics that are commonly tracked and forecasted by Wall Street analysts.
The combined assessment of analysts suggests that 'Net Sales- Instrumentation' will likely reach $357.66 million. The estimate suggests a change of +7.2% year over year.
The consensus estimate for 'Net Sales- Engineered Systems' stands at $110.19 million. The estimate points to a change of +3.2% from the year-ago quarter.
Analysts expect 'Net Sales- Digital Imaging' to come in at $754.99 million. The estimate indicates a year-over-year change of +2.1%.
The collective assessment of analysts points to an estimated 'Net Sales- Aerospace and Defense Electronics' of $242.22 million. The estimate suggests a change of +24.6% year over year.
Analysts' assessment points toward 'Sales- Instrumentation- Test and Measurement Instrumentation' reaching $82.22 million. The estimate indicates a change of +13.9% from the prior-year quarter.
Analysts forecast 'Sales- Instrumentation- Environmental Instrumentation' to reach $116.53 million. The estimate indicates a change of +2.7% from the prior-year quarter.
The average prediction of analysts places 'Sales- Instrumentation- Marine Instrumentation' at $164.74 million. The estimate points to a change of +11.5% from the year-ago quarter.
Analysts predict that the 'Operating Income- Instrumentation' will reach $94.33 million. The estimate is in contrast to the year-ago figure of $87.20 million.
According to the collective judgment of analysts, 'Operating Income- Digital Imaging' should come in at $121.25 million. Compared to the present estimate, the company reported $113.50 million in the same quarter last year.
Based on the collective assessment of analysts, 'Operating Income- Aerospace and Defense Electronics' should arrive at $59.81 million. Compared to the current estimate, the company reported $57.10 million in the same quarter of the previous year.
The consensus among analysts is that 'Operating Income- Engineered Systems' will reach $10.23 million. Compared to the current estimate, the company reported $7.50 million in the same quarter of the previous year.
It is projected by analysts that the 'Non-GAAP Operating Income- Digital Imaging' will reach $170.31 million. The estimate is in contrast to the year-ago figure of $159.90 million.
Shares of Teledyne have experienced a change of +15.8% in the past month compared to the +5.4% move of the Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), TDY is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Insights Into Teledyne (TDY) Q2: Wall Street Projections for Key Metrics
The upcoming report from Teledyne Technologies (TDY - Free Report) is expected to reveal quarterly earnings of $5.02 per share, indicating an increase of 9.6% compared to the year-ago period. Analysts forecast revenues of $1.47 billion, representing an increase of 7.1% year over year.
The current level reflects an upward revision of 1.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
In light of this perspective, let's dive into the average estimates of certain Teledyne metrics that are commonly tracked and forecasted by Wall Street analysts.
The combined assessment of analysts suggests that 'Net Sales- Instrumentation' will likely reach $357.66 million. The estimate suggests a change of +7.2% year over year.
The consensus estimate for 'Net Sales- Engineered Systems' stands at $110.19 million. The estimate points to a change of +3.2% from the year-ago quarter.
Analysts expect 'Net Sales- Digital Imaging' to come in at $754.99 million. The estimate indicates a year-over-year change of +2.1%.
The collective assessment of analysts points to an estimated 'Net Sales- Aerospace and Defense Electronics' of $242.22 million. The estimate suggests a change of +24.6% year over year.
Analysts' assessment points toward 'Sales- Instrumentation- Test and Measurement Instrumentation' reaching $82.22 million. The estimate indicates a change of +13.9% from the prior-year quarter.
Analysts forecast 'Sales- Instrumentation- Environmental Instrumentation' to reach $116.53 million. The estimate indicates a change of +2.7% from the prior-year quarter.
The average prediction of analysts places 'Sales- Instrumentation- Marine Instrumentation' at $164.74 million. The estimate points to a change of +11.5% from the year-ago quarter.
Analysts predict that the 'Operating Income- Instrumentation' will reach $94.33 million. The estimate is in contrast to the year-ago figure of $87.20 million.
According to the collective judgment of analysts, 'Operating Income- Digital Imaging' should come in at $121.25 million. Compared to the present estimate, the company reported $113.50 million in the same quarter last year.
Based on the collective assessment of analysts, 'Operating Income- Aerospace and Defense Electronics' should arrive at $59.81 million. Compared to the current estimate, the company reported $57.10 million in the same quarter of the previous year.
The consensus among analysts is that 'Operating Income- Engineered Systems' will reach $10.23 million. Compared to the current estimate, the company reported $7.50 million in the same quarter of the previous year.
It is projected by analysts that the 'Non-GAAP Operating Income- Digital Imaging' will reach $170.31 million. The estimate is in contrast to the year-ago figure of $159.90 million.
View all Key Company Metrics for Teledyne here>>>Shares of Teledyne have experienced a change of +15.8% in the past month compared to the +5.4% move of the Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), TDY is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .