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Teradyne (TER) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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Teradyne (TER - Free Report) closed the most recent trading day at $389.14, moving -2.4% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.76%. Meanwhile, the Dow experienced a drop of 0.68%, and the technology-dominated Nasdaq saw a decrease of 1.13%.
Prior to today's trading, shares of the maker of wireless products, data storage and equipment to test semiconductors had gained 8.8% outpaced the Computer and Technology sector's gain of 6.68% and the S&P 500's gain of 1.26%.
The upcoming earnings release of Teradyne will be of great interest to investors. The company's earnings per share (EPS) are projected to be $2.03, reflecting a 138.82% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $1.27 billion, indicating a 65.2% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $9.1 per share and a revenue of $5.05 billion, representing changes of +129.8% and +58.28%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Teradyne. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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. The Zacks Consensus EPS estimate remained stagnant within the past month. Teradyne currently has a Zacks Rank of #1 (Strong Buy).
Investors should also note Teradyne's current valuation metrics, including its Forward P/E ratio of 43.81. This represents a premium compared to its industry average Forward P/E of 21.22.
One should further note that TER currently holds a PEG ratio of 0.81. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Electronics - Miscellaneous Products industry stood at 1.38 at the close of the market yesterday.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 48, this industry ranks in the top 20% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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Teradyne (TER) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Teradyne (TER - Free Report) closed the most recent trading day at $389.14, moving -2.4% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.76%. Meanwhile, the Dow experienced a drop of 0.68%, and the technology-dominated Nasdaq saw a decrease of 1.13%.
Prior to today's trading, shares of the maker of wireless products, data storage and equipment to test semiconductors had gained 8.8% outpaced the Computer and Technology sector's gain of 6.68% and the S&P 500's gain of 1.26%.
The upcoming earnings release of Teradyne will be of great interest to investors. The company's earnings per share (EPS) are projected to be $2.03, reflecting a 138.82% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $1.27 billion, indicating a 65.2% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $9.1 per share and a revenue of $5.05 billion, representing changes of +129.8% and +58.28%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Teradyne. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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. The Zacks Consensus EPS estimate remained stagnant within the past month. Teradyne currently has a Zacks Rank of #1 (Strong Buy).
Investors should also note Teradyne's current valuation metrics, including its Forward P/E ratio of 43.81. This represents a premium compared to its industry average Forward P/E of 21.22.
One should further note that TER currently holds a PEG ratio of 0.81. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Electronics - Miscellaneous Products industry stood at 1.38 at the close of the market yesterday.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 48, this industry ranks in the top 20% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.