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Teradyne (TER) Gains As Market Dips: What You Should Know
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Teradyne (TER - Free Report) closed the most recent trading day at $351.57, moving +2.47% from the previous trading session. The stock's performance was ahead of the S&P 500's daily loss of 0.28%. At the same time, the Dow lost 1.09%, and the tech-heavy Nasdaq gained 0.2%.
Shares of the maker of wireless products, data storage and equipment to test semiconductors witnessed a loss of 7.07% over the previous month, trailing the performance of the Computer and Technology sector with its loss of 1.22%, and the S&P 500's gain of 1.64%.
The investment community will be closely monitoring the performance of Teradyne in its forthcoming earnings report. The company's upcoming EPS is projected at $2.04, signifying a 257.89% increase compared to the same quarter of the previous 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.
TER's full-year Zacks Consensus Estimates are calling for earnings of $7.2 per share and revenue of $4.53 billion. These results would represent year-over-year changes of +81.82% and +42.08%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Teradyne. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. Within the past 30 days, our consensus EPS projection has moved 1.59% higher. Teradyne is currently a Zacks Rank #2 (Buy).
In the context of valuation, Teradyne is at present trading with a Forward P/E ratio of 47.64. This represents a premium compared to its industry average Forward P/E of 26.52.
It is also worth noting that TER currently has a PEG ratio of 0.99. 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. Electronics - Miscellaneous Products stocks are, on average, holding a PEG ratio of 1.74 based on yesterday's closing prices.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 65, which puts it in the top 27% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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Teradyne (TER) Gains As Market Dips: What You Should Know
Teradyne (TER - Free Report) closed the most recent trading day at $351.57, moving +2.47% from the previous trading session. The stock's performance was ahead of the S&P 500's daily loss of 0.28%. At the same time, the Dow lost 1.09%, and the tech-heavy Nasdaq gained 0.2%.
Shares of the maker of wireless products, data storage and equipment to test semiconductors witnessed a loss of 7.07% over the previous month, trailing the performance of the Computer and Technology sector with its loss of 1.22%, and the S&P 500's gain of 1.64%.
The investment community will be closely monitoring the performance of Teradyne in its forthcoming earnings report. The company's upcoming EPS is projected at $2.04, signifying a 257.89% increase compared to the same quarter of the previous 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.
TER's full-year Zacks Consensus Estimates are calling for earnings of $7.2 per share and revenue of $4.53 billion. These results would represent year-over-year changes of +81.82% and +42.08%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Teradyne. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. Within the past 30 days, our consensus EPS projection has moved 1.59% higher. Teradyne is currently a Zacks Rank #2 (Buy).
In the context of valuation, Teradyne is at present trading with a Forward P/E ratio of 47.64. This represents a premium compared to its industry average Forward P/E of 26.52.
It is also worth noting that TER currently has a PEG ratio of 0.99. 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. Electronics - Miscellaneous Products stocks are, on average, holding a PEG ratio of 1.74 based on yesterday's closing prices.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 65, which puts it in the top 27% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.