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Teradyne (TER) Moves 7.2% Higher: Will This Strength Last?
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Teradyne (TER - Free Report) shares ended the last trading session 7.2% higher at $437.92. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 18.7% gain over the past four weeks.
Teradyne shares are benefitting from rising semiconductor test demand, supported by a new AI-focused test cell with Tokyo Electron and growing momentum in its robotics segment.
This maker of wireless products, data storage and equipment to test semiconductors is expected to post quarterly earnings of $1.99 per share in its upcoming report, which represents a year-over-year change of +249.1%. Revenues are expected to be $1.22 billion, up 86.4% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Teradyne, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on TER going forward to see if this recent jump can turn into more strength down the road.
Teradyne belongs to the Zacks Electronics - Miscellaneous Products industry. Another stock from the same industry, Timken (TKR - Free Report) , closed the last trading session 2.1% higher at $142.36. Over the past month, TKR has returned 18.9%.
Timken's consensus EPS estimate for the upcoming report has changed +2.2% over the past month to $1.63. Compared to the company's year-ago EPS, this represents a change of +14.8%. Timken currently boasts a Zacks Rank of #3 (Hold).
View the Zacks #1 Rank List
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Teradyne (TER) Moves 7.2% Higher: Will This Strength Last?
Teradyne (TER - Free Report) shares ended the last trading session 7.2% higher at $437.92. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 18.7% gain over the past four weeks.
Teradyne shares are benefitting from rising semiconductor test demand, supported by a new AI-focused test cell with Tokyo Electron and growing momentum in its robotics segment.
This maker of wireless products, data storage and equipment to test semiconductors is expected to post quarterly earnings of $1.99 per share in its upcoming report, which represents a year-over-year change of +249.1%. Revenues are expected to be $1.22 billion, up 86.4% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Teradyne, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on TER going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Teradyne belongs to the Zacks Electronics - Miscellaneous Products industry. Another stock from the same industry, Timken (TKR - Free Report) , closed the last trading session 2.1% higher at $142.36. Over the past month, TKR has returned 18.9%.
Timken's consensus EPS estimate for the upcoming report has changed +2.2% over the past month to $1.63. Compared to the company's year-ago EPS, this represents a change of +14.8%. Timken currently boasts a Zacks Rank of #3 (Hold).