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Teradyne (TER) Rises Higher Than Market: Key Facts
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In the latest trading session, Teradyne (TER - Free Report) closed at $341.62, marking a +1.84% move from the previous day. This move outpaced the S&P 500's daily gain of 0.46%. Elsewhere, the Dow saw an upswing of 0.56%, while the tech-heavy Nasdaq appreciated by 0.45%.
Coming into today, shares of the maker of wireless products, data storage and equipment to test semiconductors had lost 16.88% in the past month. In that same time, the Computer and Technology sector gained 4.69%, while the S&P 500 gained 2%.
The investment community will be closely monitoring the performance of Teradyne in its forthcoming earnings report. In that report, analysts expect Teradyne to post earnings of $2.03 per share. This would mark year-over-year growth of 138.82%. Meanwhile, the latest consensus estimate predicts the revenue to be $1.27 billion, indicating a 64.67% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $9.1 per share and a revenue of $5.05 billion, demonstrating changes of +129.8% and +58.28%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Teradyne. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Right now, Teradyne possesses a Zacks Rank of #1 (Strong Buy).
In the context of valuation, Teradyne is at present trading with a Forward P/E ratio of 36.86. This valuation marks a premium compared to its industry average Forward P/E of 19.67.
We can also see that TER currently has a PEG ratio of 0.68. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Electronics - Miscellaneous Products industry currently had an average PEG ratio of 1.37 as of yesterday's close.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 69, finds itself in the top 29% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.
View the Zacks #1 Rank List
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Teradyne (TER) Rises Higher Than Market: Key Facts
In the latest trading session, Teradyne (TER - Free Report) closed at $341.62, marking a +1.84% move from the previous day. This move outpaced the S&P 500's daily gain of 0.46%. Elsewhere, the Dow saw an upswing of 0.56%, while the tech-heavy Nasdaq appreciated by 0.45%.
Coming into today, shares of the maker of wireless products, data storage and equipment to test semiconductors had lost 16.88% in the past month. In that same time, the Computer and Technology sector gained 4.69%, while the S&P 500 gained 2%.
The investment community will be closely monitoring the performance of Teradyne in its forthcoming earnings report. In that report, analysts expect Teradyne to post earnings of $2.03 per share. This would mark year-over-year growth of 138.82%. Meanwhile, the latest consensus estimate predicts the revenue to be $1.27 billion, indicating a 64.67% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $9.1 per share and a revenue of $5.05 billion, demonstrating changes of +129.8% and +58.28%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Teradyne. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Right now, Teradyne possesses a Zacks Rank of #1 (Strong Buy).
In the context of valuation, Teradyne is at present trading with a Forward P/E ratio of 36.86. This valuation marks a premium compared to its industry average Forward P/E of 19.67.
We can also see that TER currently has a PEG ratio of 0.68. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Electronics - Miscellaneous Products industry currently had an average PEG ratio of 1.37 as of yesterday's close.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 69, finds itself in the top 29% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.