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Teradyne (TER) Stock Declines While Market Improves: Some Information for Investors
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In the latest trading session, Teradyne (TER - Free Report) closed at $118.90, marking a -1.08% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.21%. At the same time, the Dow added 0.25%, and the tech-heavy Nasdaq gained 0.45%.
Coming into today, shares of the maker of wireless products, data storage and equipment to test semiconductors had gained 11.85% in the past month. In that same time, the Computer and Technology sector gained 4.48%, while the S&P 500 gained 3.07%.
Analysts and investors alike will be keeping a close eye on the performance of Teradyne in its upcoming earnings disclosure. On that day, Teradyne is projected to report earnings of $0.78 per share, which would represent a year-over-year decline of 13.33%. Alongside, our most recent consensus estimate is anticipating revenue of $744.48 million, indicating a 0.97% upward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.13 per share and a revenue of $2.89 billion, indicating changes of -2.8% and +2.61%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Teradyne. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been a 0.39% fall in the Zacks Consensus EPS estimate. Teradyne currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Teradyne is holding a Forward P/E ratio of 38.39. This indicates a premium in contrast to its industry's Forward P/E of 18.69.
We can additionally observe that TER currently boasts a PEG ratio of 2.53. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Electronics - Miscellaneous Products industry currently had an average PEG ratio of 1.92 as of yesterday's close.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 146, putting it in the bottom 41% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Teradyne (TER) Stock Declines While Market Improves: Some Information for Investors
In the latest trading session, Teradyne (TER - Free Report) closed at $118.90, marking a -1.08% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.21%. At the same time, the Dow added 0.25%, and the tech-heavy Nasdaq gained 0.45%.
Coming into today, shares of the maker of wireless products, data storage and equipment to test semiconductors had gained 11.85% in the past month. In that same time, the Computer and Technology sector gained 4.48%, while the S&P 500 gained 3.07%.
Analysts and investors alike will be keeping a close eye on the performance of Teradyne in its upcoming earnings disclosure. On that day, Teradyne is projected to report earnings of $0.78 per share, which would represent a year-over-year decline of 13.33%. Alongside, our most recent consensus estimate is anticipating revenue of $744.48 million, indicating a 0.97% upward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.13 per share and a revenue of $2.89 billion, indicating changes of -2.8% and +2.61%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Teradyne. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been a 0.39% fall in the Zacks Consensus EPS estimate. Teradyne currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Teradyne is holding a Forward P/E ratio of 38.39. This indicates a premium in contrast to its industry's Forward P/E of 18.69.
We can additionally observe that TER currently boasts a PEG ratio of 2.53. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Electronics - Miscellaneous Products industry currently had an average PEG ratio of 1.92 as of yesterday's close.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 146, putting it in the bottom 41% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.