Wall Street analysts forecast that Teradyne (TER) will report quarterly earnings of $0.61 per share in its upcoming release, pointing to a year-over-year increase of 19.6%. It is anticipated that revenues will amount to $683.93 million, exhibiting an increase of 14% compared to the year-ago quarter.
The current level reflects a downward revision of 0.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
That said, let's delve into the average estimates of some Teradyne metrics that Wall Street analysts commonly model and monitor.
Analysts' assessment points toward 'Revenue- Wireless Test' reaching $27.62 million. The estimate suggests a change of +12.3% year over year.
The consensus estimate for 'Revenue- Semiconductor Test- Memory' stands at $129.90 million. The estimate indicates a change of +18.2% from the prior-year quarter.
Analysts expect 'Revenue- Semiconductor Test- System on-a-Chip' to come in at $363.23 million. The estimate points to a change of +20.2% from the year-ago quarter.
The consensus among analysts is that 'Revenue- Industrial Automation (Robotics)' will reach $83.87 million. The estimate points to a change of -4.4% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Revenue- Semiconductor Test' of $504.46 million. The estimate points to a change of +22.4% from the year-ago quarter.
Analysts forecast 'Revenue- Systems Test' to reach $74.87 million. The estimate indicates a year-over-year change of -0.2%.
It is projected by analysts that the 'Revenue- Robotics- Universal Robots' will reach $72.90 million. The estimate points to a change of +7.6% from the year-ago quarter.
According to the collective judgment of analysts, 'Revenue- Robotics- Mobile Industrial Robots' should come in at $20.42 million. The estimate indicates a year-over-year change of +2.7%.
View all Key Company Metrics for Teradyne here>>>
Over the past month, shares of Teradyne have returned -20.8% versus the Zacks S&P 500 composite's -6.6% change. Currently, TER carries a Zacks Rank #5 (Strong Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Teradyne, Inc. (TER): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
