The latest buying and selling session ended with Teradyne (TER) standing at $109.86, reflecting a +0.96% shift from the previouse buying and selling day’s closing. The inventory lagged the S&P 500’s day by day acquire of 1.59%. On the similar time, the Dow added 1.39%, and the tech-heavy Nasdaq gained 1.63%.
Shares of the maker of wi-fi merchandise, information storage and tools to check semiconductors have depreciated by 5.45% over the course of the previous month, underperforming the Laptop and Expertise sector’s lack of 3.43% and the S&P 500’s lack of 2.42%.
Market individuals shall be intently following the monetary outcomes of Teradyne in its upcoming launch. The corporate is predicted to publish an EPS of $0.61, indicating a 19.61% development in comparison with the equal quarter final yr. In the meantime, the Zacks Consensus Estimate for income is projecting internet gross sales of $683.57 million, up 13.96% from the year-ago interval.
TER’s full-year Zacks Consensus Estimates are calling for earnings of $3.88 per share and income of $3.21 billion. These outcomes would signify year-over-year adjustments of +20.5% and +13.77%, respectively.
Moreover, traders ought to control any current revisions to analyst forecasts for Teradyne. Latest revisions are inclined to mirror the newest near-term enterprise developments. With this in thoughts, we are able to think about constructive estimate revisions an indication of optimism concerning the firm’s enterprise outlook.
Empirical analysis signifies that these revisions in estimates have a direct correlation with impending inventory value efficiency. To use this, we have shaped the Zacks Rank, a quantitative mannequin that features these estimate adjustments and presents a viable ranking system.
Starting from #1 (Sturdy Purchase) to #5 (Sturdy Promote), the Zacks Rank system has a confirmed, outside-audited observe report of outperformance, with #1 shares returning a median of +25% yearly since 1988. The Zacks Consensus EPS estimate has moved 5.3% decrease inside the previous month. Teradyne is at the moment a Zacks Rank #3 (Maintain).
Within the context of valuation, Teradyne is at current buying and selling with a Ahead P/E ratio of 28.03. For comparability, its business has a median Ahead P/E of 19.49, which suggests Teradyne is buying and selling at a premium to the group.
Buyers also needs to word that TER has a PEG ratio of two.59 proper now. The PEG ratio is much like the widely-used P/E ratio, however this metric additionally takes the corporate’s anticipated earnings development price under consideration. The Electronics – Miscellaneous Merchandise business had a median PEG ratio of 1.42 as buying and selling concluded yesterday.
The Electronics – Miscellaneous Merchandise business is a part of the Laptop and Expertise sector. This business at the moment has a Zacks Business Rank of 158, which places it within the backside 38% of all 250+ industries.
The energy of our particular person business teams is measured by the Zacks Business Rank, which is calculated based mostly on the common Zacks Rank of the person shares inside these teams. Our analysis reveals that the highest 50% rated industries outperform the underside half by an element of two to 1.
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Teradyne, Inc. (TER) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
