Teledyne Applied sciences (TDY) got here out with quarterly earnings of $5.52 per share, beating the Zacks Consensus Estimate of $5.23 per share. This compares to earnings of $5.44 per share a yr in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of 5.54%. 1 / 4 in the past, it was anticipated that this protection and aerospace business provider would publish earnings of $4.97 per share when it truly produced earnings of $5.10, delivering a shock of two.62%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates thrice.
Teledyne
The sustainability of the inventory’s speedy worth motion primarily based on the recently-released numbers and future earnings expectations will principally depend upon administration’s commentary on the earnings name.
Teledyne shares have added about 3.5% for the reason that starting of the yr versus the S&P 500’s achieve of two.9%.
What’s Subsequent for Teledyne?
Whereas Teledyne has outperformed the market to date this yr, the query that involves buyers’ minds is: what’s subsequent for the inventory?
There aren’t any simple solutions to this key query, however one dependable measure that may assist buyers handle that is the corporate’s earnings outlook. Not solely does this embody present consensus earnings expectations for the approaching quarter(s), but additionally how these expectations have modified recently.
Empirical analysis reveals a robust correlation between near-term inventory actions and tendencies in earnings estimate revisions. Buyers can monitor such revisions by themselves or depend on a tried-and-tested score software just like the Zacks Rank, which has a formidable monitor file of harnessing the ability of earnings estimate revisions.
Forward of this earnings release, the estimate revisions pattern for Teledyne: favorable. Whereas the magnitude and path of estimate revisions may change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #2 (Purchase) for the inventory. So, the shares are anticipated to outperform the market within the close to future. You may see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
It will likely be fascinating to see how estimates for the approaching quarters and present fiscal yr change within the days forward. The present consensus EPS estimate is $5.14 on $1.42 billion in revenues for the approaching quarter and $21.62 on $5.87 billion in revenues for the present fiscal yr.
Buyers must be conscious of the truth that the outlook for the business can have a cloth influence on the efficiency of the inventory as properly. By way of the Zacks Trade Rank, Aerospace – Protection Tools is at present within the prime 28% of the 250 plus Zacks industries. Our analysis reveals that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
One other inventory from the identical business, Moog (MOG.A), has but to report outcomes for the quarter ended December 2024. The outcomes are anticipated to be launched on January 24.
This aerospace contractor is predicted to publish quarterly earnings of $1.66 per share in its upcoming report, which represents a year-over-year change of +8.5%. The consensus EPS estimate for the quarter has been revised 1.4% decrease during the last 30 days to the present stage.
Moog’s revenues are anticipated to be $867.19 million, up 1.2% from the year-ago quarter.
Ought to You Spend money on Teledyne Applied sciences Included (TDY)?
Earlier than you spend money on Teledyne Applied sciences Included (TDY), need to know one of the best shares to purchase for the subsequent 30 days? Take a look at Zacks Funding Analysis for our free report on the 7 best stocks to purchase.
Zacks Funding Analysis has been dedicated to offering buyers with instruments and unbiased analysis since 1978. For greater than 1 / 4 century, the Zacks Rank stock-rating system has greater than doubled the S&P 500 with a median achieve of +24.08% per yr. (These returns cowl a interval from January 1, 1988 via Could 6, 2024.)
Teledyne Technologies Incorporated (TDY) : Free Stock Analysis Report
Moog Inc. (MOG.A) : Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.
