TE Connectivity (TEL) to Report Q1 Earnings with 30.8% EPS Growth Expected
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 16h ago
0mins
Source: seekingalpha
- Earnings Announcement: TE Connectivity is set to announce its Q1 earnings on January 21, with an expected EPS of $2.55, reflecting a robust 30.8% year-over-year growth that underscores the company's strong market performance and profitability.
- Revenue Forecast: The anticipated revenue for Q1 is $4.54 billion, representing an 18.2% year-over-year increase, indicating sustained growth across various business segments and strong market demand.
- Historical Performance: Over the past two years, TE Connectivity has exceeded EPS estimates 100% of the time and revenue estimates 63% of the time, demonstrating the company's reliability in financial forecasting and bolstering market confidence.
- Estimate Revisions: In the last three months, EPS estimates have seen 12 upward revisions and revenue estimates 9 upward revisions, reflecting analysts' optimistic outlook on the company's future performance and recognition of its growth potential.
Analyst Views on TEL
Wall Street analysts forecast TEL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TEL is 270.70 USD with a low forecast of 240.00 USD and a high forecast of 297.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
7 Buy
3 Hold
0 Sell
Moderate Buy
Current: 241.010
Low
240.00
Averages
270.70
High
297.00
Current: 241.010
Low
240.00
Averages
270.70
High
297.00
About TEL
TE Connectivity plc is a global industrial technology company. The Company’s range of connectivity and sensor solutions enable the distribution of power, signal, and data to advance next generation transportation, renewable energy, automated factories, data centers, medical technology, and more. The Company operates through two segments: Transportation Solutions and Industrial Solutions. Transportation Solutions segment includes its automotive, commercial transportation, and sensor businesses. The Industrial Solutions segment includes its aerospace, defense, and marine; medical; energy; digital data networks, and automation and connected living businesses. Its services and training include 3D Printing For Production (3D4P), Backshells Prototyping - BIT Workx, Electrical Installation Trainings, HarnWare Software, Machine Tooling Service & Repair, Medical Device Design Services, Microfluidic Devices and THE ACADEMY - Automotive Webinars.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
