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Teradyne (TER) Stock Declines While Market Improves: Some Information for Investors
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In the latest trading session, Teradyne (TER - Free Report) closed at $444.53, marking a -1% move from the previous day. This move lagged the S&P 500's daily gain of 0.66%. Elsewhere, the Dow saw an upswing of 0.18%, while the tech-heavy Nasdaq appreciated by 1.05%.
Shares of the maker of wireless products, data storage and equipment to test semiconductors have appreciated by 25.77% over the course of the past month, outperforming the Computer and Technology sector's gain of 6.36%, and the S&P 500's gain of 0.55%.
The investment community will be closely monitoring the performance of Teradyne in its forthcoming earnings report. The company is expected to report EPS of $2.04, up 140% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $1.27 billion, reflecting a 65.2% rise from the equivalent quarter last year.
TER's full-year Zacks Consensus Estimates are calling for earnings of $9.11 per share and revenue of $5.07 billion. These results would represent year-over-year changes of +130.05% and +58.85%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Teradyne. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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. Right now, Teradyne possesses a Zacks Rank of #3 (Hold).
From a valuation perspective, Teradyne is currently exchanging hands at a Forward P/E ratio of 49.31. This signifies a premium in comparison to the average Forward P/E of 20.65 for its industry.
Meanwhile, TER's PEG ratio is currently 0.91. 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 Electronics - Miscellaneous Products was holding an average PEG ratio of 1.28 at yesterday's closing price.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 58, finds itself in the top 24% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
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) Stock Declines While Market Improves: Some Information for Investors
In the latest trading session, Teradyne (TER - Free Report) closed at $444.53, marking a -1% move from the previous day. This move lagged the S&P 500's daily gain of 0.66%. Elsewhere, the Dow saw an upswing of 0.18%, while the tech-heavy Nasdaq appreciated by 1.05%.
Shares of the maker of wireless products, data storage and equipment to test semiconductors have appreciated by 25.77% over the course of the past month, outperforming the Computer and Technology sector's gain of 6.36%, and the S&P 500's gain of 0.55%.
The investment community will be closely monitoring the performance of Teradyne in its forthcoming earnings report. The company is expected to report EPS of $2.04, up 140% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $1.27 billion, reflecting a 65.2% rise from the equivalent quarter last year.
TER's full-year Zacks Consensus Estimates are calling for earnings of $9.11 per share and revenue of $5.07 billion. These results would represent year-over-year changes of +130.05% and +58.85%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Teradyne. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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. Right now, Teradyne possesses a Zacks Rank of #3 (Hold).
From a valuation perspective, Teradyne is currently exchanging hands at a Forward P/E ratio of 49.31. This signifies a premium in comparison to the average Forward P/E of 20.65 for its industry.
Meanwhile, TER's PEG ratio is currently 0.91. 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 Electronics - Miscellaneous Products was holding an average PEG ratio of 1.28 at yesterday's closing price.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 58, finds itself in the top 24% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.