Teledyne (TDY) Reports Q1: Everything You Need To Know Ahead Of Earnings

Digital imaging and instrumentation provider Teledyne (NYSE:TDY) will be reporting earnings tomorrow before market hours. Here’s what investors should know.

Teledyne beat analysts’ revenue expectations by 3.6% last quarter, reporting revenues of $1.50 billion, up 5.4% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts’ EBITDA estimates.

Is Teledyne a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Teledyne’s revenue to grow 5.8% year on year to $1.43 billion, a reversal from the 2.4% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $4.92 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Teledyne has missed Wall Street’s revenue estimates five times over the last two years.

Looking at Teledyne’s peers in the electrical equipment segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Badger Meter delivered year-on-year revenue growth of 13.2%, meeting analysts’ expectations, and Acuity Brands reported revenues up 11.1%, falling short of estimates by 2.2%. Badger Meter traded up 8.8% following the results while Acuity Brands was down 12.3%.

Read our full analysis of Badger Meter’s results here and Acuity Brands’s results here.

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