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Teradyne (TER) Suffers a Larger Drop Than the General Market: Key Insights
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Teradyne (TER - Free Report) ended the recent trading session at $420.12, demonstrating a -8.07% change from the preceding day's closing price. This change lagged the S&P 500's 1.44% loss on the day. At the same time, the Dow lost 0.09%, and the tech-heavy Nasdaq lost 2.22%.
Shares of the maker of wireless products, data storage and equipment to test semiconductors witnessed a gain of 27.5% over the previous month, beating the performance of the Computer and Technology sector with its gain of 0.98%, and the S&P 500's gain of 0.08%.
Market participants will be closely following the financial results of Teradyne in its upcoming release. The company's upcoming EPS is projected at $1.99, signifying a 249.12% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $1.22 billion, indicating a 86.43% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $7.09 per share and a revenue of $4.53 billion, indicating changes of +79.04% and +42.08%, respectively, from the former year.
Any recent changes to analyst estimates for Teradyne should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Teradyne is currently sporting a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Teradyne is presently being traded at a Forward P/E ratio of 64.46. This signifies a premium in comparison to the average Forward P/E of 31.46 for its industry.
It is also worth noting that TER currently has a PEG ratio of 1.88. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Electronics - Miscellaneous Products industry stood at 1.79 at the close of the market yesterday.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 43, finds itself in the top 18% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
View the Zacks #1 Rank List
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Teradyne (TER) Suffers a Larger Drop Than the General Market: Key Insights
Teradyne (TER - Free Report) ended the recent trading session at $420.12, demonstrating a -8.07% change from the preceding day's closing price. This change lagged the S&P 500's 1.44% loss on the day. At the same time, the Dow lost 0.09%, and the tech-heavy Nasdaq lost 2.22%.
Shares of the maker of wireless products, data storage and equipment to test semiconductors witnessed a gain of 27.5% over the previous month, beating the performance of the Computer and Technology sector with its gain of 0.98%, and the S&P 500's gain of 0.08%.
Market participants will be closely following the financial results of Teradyne in its upcoming release. The company's upcoming EPS is projected at $1.99, signifying a 249.12% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $1.22 billion, indicating a 86.43% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $7.09 per share and a revenue of $4.53 billion, indicating changes of +79.04% and +42.08%, respectively, from the former year.
Any recent changes to analyst estimates for Teradyne should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Teradyne is currently sporting a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Teradyne is presently being traded at a Forward P/E ratio of 64.46. This signifies a premium in comparison to the average Forward P/E of 31.46 for its industry.
It is also worth noting that TER currently has a PEG ratio of 1.88. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Electronics - Miscellaneous Products industry stood at 1.79 at the close of the market yesterday.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 43, finds itself in the top 18% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.