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Teradyne (TER) Declines More Than Market: Some Information for Investors
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Teradyne (TER - Free Report) ended the recent trading session at $136.97, demonstrating a -1.55% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.16%. Meanwhile, the Dow gained 0.44%, and the Nasdaq, a tech-heavy index, lost 0.76%.
The maker of wireless products, data storage and equipment to test semiconductors's shares have seen an increase of 21.97% over the last month, surpassing the Computer and Technology sector's gain of 3.34% and the S&P 500's gain of 1.14%.
The upcoming earnings release of Teradyne will be of great interest to investors. The company is forecasted to report an EPS of $0.78, showcasing a 13.33% downward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $744.48 million, indicating a 0.97% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.13 per share and a revenue of $2.89 billion, signifying shifts of -2.8% and +2.46%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for Teradyne. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Teradyne presently features a Zacks Rank of #4 (Sell).
Looking at its valuation, Teradyne is holding a Forward P/E ratio of 44.44. This signifies a premium in comparison to the average Forward P/E of 21.1 for its industry.
Meanwhile, TER's PEG ratio is currently 2.93. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Electronics - Miscellaneous Products was holding an average PEG ratio of 1.98 at yesterday's closing price.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 43, this industry ranks in the top 18% of all industries, numbering over 250.
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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Teradyne (TER) Declines More Than Market: Some Information for Investors
Teradyne (TER - Free Report) ended the recent trading session at $136.97, demonstrating a -1.55% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.16%. Meanwhile, the Dow gained 0.44%, and the Nasdaq, a tech-heavy index, lost 0.76%.
The maker of wireless products, data storage and equipment to test semiconductors's shares have seen an increase of 21.97% over the last month, surpassing the Computer and Technology sector's gain of 3.34% and the S&P 500's gain of 1.14%.
The upcoming earnings release of Teradyne will be of great interest to investors. The company is forecasted to report an EPS of $0.78, showcasing a 13.33% downward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $744.48 million, indicating a 0.97% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.13 per share and a revenue of $2.89 billion, signifying shifts of -2.8% and +2.46%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for Teradyne. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Teradyne presently features a Zacks Rank of #4 (Sell).
Looking at its valuation, Teradyne is holding a Forward P/E ratio of 44.44. This signifies a premium in comparison to the average Forward P/E of 21.1 for its industry.
Meanwhile, TER's PEG ratio is currently 2.93. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Electronics - Miscellaneous Products was holding an average PEG ratio of 1.98 at yesterday's closing price.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 43, this industry ranks in the top 18% of all industries, numbering over 250.
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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.