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Teradyne (TER) Advances While Market Declines: Some Information for Investors
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Teradyne (TER - Free Report) closed the most recent trading day at $340.69, moving +2.36% from the previous trading session. The stock exceeded the S&P 500, which registered a loss of 0.45% for the day. Elsewhere, the Dow lost 1.21%, while the tech-heavy Nasdaq lost 0.01%.
Prior to today's trading, shares of the maker of wireless products, data storage and equipment to test semiconductors had lost 17.67% lagged the Computer and Technology sector's loss of 1.9% and the S&P 500's loss of 2.43%.
Investors will be eagerly watching for the performance of Teradyne in its upcoming earnings disclosure. The company is forecasted to report an EPS of $2.03, showcasing a 138.82% upward movement from the corresponding quarter of the prior year. 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.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $9.1 per share and revenue of $5.05 billion, indicating changes of +129.8% and +58.28%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Teradyne. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Currently, Teradyne is carrying a Zacks Rank of #2 (Buy).
From a valuation perspective, Teradyne is currently exchanging hands at a Forward P/E ratio of 36.58. This denotes a premium relative to the industry average Forward P/E of 19.89.
Investors should also note that TER has a PEG ratio of 0.67 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Electronics - Miscellaneous Products was holding an average PEG ratio of 1.37 at yesterday's closing price.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 45, placing it within the top 19% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the 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) Advances While Market Declines: Some Information for Investors
Teradyne (TER - Free Report) closed the most recent trading day at $340.69, moving +2.36% from the previous trading session. The stock exceeded the S&P 500, which registered a loss of 0.45% for the day. Elsewhere, the Dow lost 1.21%, while the tech-heavy Nasdaq lost 0.01%.
Prior to today's trading, shares of the maker of wireless products, data storage and equipment to test semiconductors had lost 17.67% lagged the Computer and Technology sector's loss of 1.9% and the S&P 500's loss of 2.43%.
Investors will be eagerly watching for the performance of Teradyne in its upcoming earnings disclosure. The company is forecasted to report an EPS of $2.03, showcasing a 138.82% upward movement from the corresponding quarter of the prior year. 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.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $9.1 per share and revenue of $5.05 billion, indicating changes of +129.8% and +58.28%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Teradyne. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Currently, Teradyne is carrying a Zacks Rank of #2 (Buy).
From a valuation perspective, Teradyne is currently exchanging hands at a Forward P/E ratio of 36.58. This denotes a premium relative to the industry average Forward P/E of 19.89.
Investors should also note that TER has a PEG ratio of 0.67 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Electronics - Miscellaneous Products was holding an average PEG ratio of 1.37 at yesterday's closing price.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 45, placing it within the top 19% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the 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.