Analysts on Wall Street project that TE Connectivity (TEL) will announce quarterly earnings of $2.29 per share in its forthcoming report, representing an increase of 17.4% year over year. Revenues are projected to reach $4.55 billion, increasing 12% from the same quarter last year.
The consensus EPS estimate for the quarter has undergone a downward revision of 0.3% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Given this perspective, it's time to examine the average forecasts of specific TE Connectivity metrics that are routinely monitored and predicted by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Net Sales- Transportation Solutions' of $2.38 billion. The estimate indicates a change of +3.1% from the prior-year quarter.
Analysts predict that the 'Net Sales- Industrial Solutions' will reach $2.17 billion. The estimate points to a change of +84% from the year-ago quarter.
The combined assessment of analysts suggests that 'Net Sales- Industrial Solutions- Medical' will likely reach $187.83 million. The estimate indicates a year-over-year change of -11.8%.
Analysts' assessment points toward 'Net Sales- Transportation Solutions- Automotive' reaching $1.79 billion. The estimate indicates a year-over-year change of +5.2%.
According to the collective judgment of analysts, 'Net Sales- Transportation Solutions- Sensors' should come in at $239.16 million. The estimate indicates a change of -5.8% from the prior-year quarter.
It is projected by analysts that the 'Net Sales- Industrial Solutions- Energy' will reach $375.57 million. The estimate points to a change of +47.9% from the year-ago quarter.
Analysts expect 'Net Sales- Industrial Solutions- Aerospace, defense, and marine' to come in at $400.86 million. The estimate points to a change of +9.2% from the year-ago quarter.
Analysts forecast 'Net Sales- Transportation Solutions- Commercial transportation' to reach $357.44 million. The estimate points to a change of +1.3% from the year-ago quarter.
Based on the collective assessment of analysts, 'Adjusted Operating Income- Transportation Solutions' should arrive at $475.69 million. Compared to the current estimate, the company reported $446.00 million in the same quarter of the previous year.
The average prediction of analysts places 'Adjusted Operating Income- Industrial Solutions' at $424.51 million. The estimate compares to the year-ago value of $184.00 million.
View all Key Company Metrics for TE Connectivity here>>>
Shares of TE Connectivity have demonstrated returns of +9.2% over the past month compared to the Zacks S&P 500 composite's +1.3% change. With a Zacks Rank #3 (Hold), TEL is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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TE Connectivity Ltd. (TEL): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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