We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Teradyne (TER) Registers a Bigger Fall Than the Market: Important Facts to Note
Read MoreHide Full Article
Teradyne (TER - Free Report) closed at $347.59 in the latest trading session, marking a -5.86% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 1.62% for the day. Elsewhere, the Dow saw a downswing of 1.87%, while the tech-heavy Nasdaq depreciated by 1.98%.
Shares of the maker of wireless products, data storage and equipment to test semiconductors have appreciated by 3% over the course of the past month, outperforming the Computer and Technology sector's loss of 0.74%, and the S&P 500's loss of 0.03%.
The investment community will be paying close attention to the earnings performance of Teradyne in its upcoming release. The company is predicted to post an EPS of $1.99, indicating a 249.12% growth compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $1.22 billion, indicating a 86.43% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $7.09 per share and a revenue of $4.53 billion, demonstrating changes of +79.04% and +42.08%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Teradyne. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Teradyne is currently sporting a Zacks Rank of #1 (Strong Buy).
From a valuation perspective, Teradyne is currently exchanging hands at a Forward P/E ratio of 52.08. This represents a premium compared to its industry average Forward P/E of 27.36.
Investors should also note that TER has a PEG ratio of 1.52 right now. 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 average PEG ratio for the Electronics - Miscellaneous Products industry stood at 1.62 at the close of the market yesterday.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 71, putting it in the top 30% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Teradyne (TER) Registers a Bigger Fall Than the Market: Important Facts to Note
Teradyne (TER - Free Report) closed at $347.59 in the latest trading session, marking a -5.86% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 1.62% for the day. Elsewhere, the Dow saw a downswing of 1.87%, while the tech-heavy Nasdaq depreciated by 1.98%.
Shares of the maker of wireless products, data storage and equipment to test semiconductors have appreciated by 3% over the course of the past month, outperforming the Computer and Technology sector's loss of 0.74%, and the S&P 500's loss of 0.03%.
The investment community will be paying close attention to the earnings performance of Teradyne in its upcoming release. The company is predicted to post an EPS of $1.99, indicating a 249.12% growth compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $1.22 billion, indicating a 86.43% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $7.09 per share and a revenue of $4.53 billion, demonstrating changes of +79.04% and +42.08%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Teradyne. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Teradyne is currently sporting a Zacks Rank of #1 (Strong Buy).
From a valuation perspective, Teradyne is currently exchanging hands at a Forward P/E ratio of 52.08. This represents a premium compared to its industry average Forward P/E of 27.36.
Investors should also note that TER has a PEG ratio of 1.52 right now. 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 average PEG ratio for the Electronics - Miscellaneous Products industry stood at 1.62 at the close of the market yesterday.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 71, putting it in the top 30% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.