TE Connectivity TEL is scheduled to report its fourth-quarter fiscal 2024 outcomes on Oct. 30.
For the fiscal fourth quarter, TE Connectivity expects web gross sales of $4 billion, with year-over-year natural development, pushed by the Transportation and Communications segments.
The Zacks Consensus Estimate for revenues is pegged at $4.01 billion, suggesting a year-over-year decline of 0.72%.
Adjusted earnings are projected at $1.94 per share, indicating year-over-year development of 9%. The consensus mark for fiscal fourth-quarter earnings has been unchanged at $1.95 per share over the previous 30 days, implying a year-over-year rise of 9.55%.
TE Connectivity beat the Zacks Consensus Estimate for earnings within the trailing 4 quarters, the common shock being 3.11%.
Discover the newest EPS estimates and surprises on Zacks Earnings Calendar.
TE Connectivity Ltd. Value and EPS Shock
TE Connectivity Ltd. price-eps-surprise | TE Connectivity Ltd. Quote
Allow us to see how issues have formed up for the upcoming announcement.
Elements to Be aware Forward of TEL’s This autumn Outcomes
TEL’s Transportation section is predicted to have benefited from a robust backlog within the automotive sector, whereas the Communications section is anticipated to have gained from report orders, fueled by a strong place in AI applications with a number of shoppers.
An enhancing automotive market is predicted to have benefited the Transportation section within the fiscal fourth quarter. Development in China is anticipated to have offset weak spot in Europe.
Nonetheless, sluggishness within the Business Transportation enterprise is predicted to have continued within the fiscal fourth quarter.
Weak spot within the industrial tools finish market is predicted to have damage TE Connectivity’s top-line development.
What Our Mannequin Says
In response to the Zacks mannequin, the mix of a optimistic Earnings ESP and a Zacks Rank #1 (Robust Purchase), 2 (Purchase) or 3 (Maintain) will increase the chances of an earnings beat. That’s the precise case right here.
TE Connectivity at the moment has an Earnings ESP of +0.19% and a Zacks Rank #3. You possibly can uncover the most effective shares to purchase or promote earlier than they’re reported with our Earnings ESP Filter.
Different Shares to Think about
Listed below are another corporations price contemplating, as our mannequin reveals that these, too, have the best mixture of components to beat on earnings of their upcoming releases:
Meta Platforms META presently has an Earnings ESP of +2.83% and a Zacks Rank #2. You possibly can see the complete list of today’s Zacks #1 Rank stocks here.
Meta Platforms’ shares have gained 60.9% yr thus far. META is about to report its third-quarter 2024 outcomes on Oct 30.
Verify Level Software program CHKP at the moment has an Earnings ESP of +1.26% and a Zacks Rank #2.
CHKP shares have gained 34.4% yr thus far. Verify Level is about to report its third-quarter 2024 outcomes on Oct. 29.
Garmin GRMN has an Earnings ESP of +1.03% and a Zacks Rank of two at current.
Gramin shares have gained 27.8% yr thus far. GRMN is about to report its third-quarter 2024 outcomes on Oct 30.
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
