Analysts predict TE Connectivity’s Q1 earnings will show slight growth, with key metrics under review ahead of the report.
Wall Street: Analysts are gearing up for TE Connectivity’s earnings report. They expect the company to post earnings of $1.89 per share, which is a 2.7% increase from last year. Revenue is projected to hit $3.9 billion, up 1.8% from the same quarter last year.
Interestingly, the earnings estimate has been adjusted down by 0.4% over the last month. This shows that analysts are rethinking their earlier predictions.
Before earnings are released, it’s crucial to consider any changes in projections. These adjustments can really help predict how investors might react to the stock. Studies show a strong link between earnings estimate changes and short-term stock performance.
While investors often look at consensus earnings and revenue estimates, digging into specific metrics can give a clearer picture of the company’s performance.
So, let’s check out what analysts are saying about TE Connectivity’s key metrics. For ‘Net sales- Transportation Solutions,’ the estimate is $2.32 billion, which is a 2.1% drop from last year.
For ‘Net sales- Industrial Solutions,’ analysts expect $1.04 billion, showing a 1.9% increase year-over-year. Meanwhile, ‘Net sales- Communications Solutions’ is projected at $541.46 million, a significant 25.1% rise from last year.
Looking at ‘Net sales- Industrial Solutions- Energy,’ the estimate is $215.71 million, reflecting a 5.2% increase. For ‘Net sales- Industrial Solutions- Medical,’ the forecast is $209.88 million, up 4.9% year-over-year.
Analysts also predict ‘Net sales- Transportation Solutions- Automotive’ will reach $1.76 billion, a slight 1.1% decrease from last year. For ‘Net sales- Transportation Solutions- Commercial transportation,’ the estimate is $337.70 million, down 5.1% year-over-year.
As for ‘Net sales- Transportation Solutions- Sensors,’ the forecast is $228.78 million, also a 5.1% drop. Analysts expect ‘Net sales- Industrial Solutions- Aerospace, defense, and marine’ to hit $321.47 million, which is a 10.9% increase.
For ‘Net sales- Communications Solutions- Appliances,’ the estimate is $162.16 million, reflecting a 5.3% increase. The average prediction for ‘Net sales- Communications Solutions- Data and devices’ is $372.14 million, showing a 33.4% rise year-over-year.
Lastly, analysts forecast ‘Net sales- Industrial Solutions- Industrial equipment’ to be $297.30 million, a 9.9% decrease from last year.
TE Connectivity shares have dipped by 0.9% over the past month, while the Zacks S&P 500 composite has dropped by 3.3%. With a Zacks Rank of #3 (Hold), TEL is expected to closely follow the market trends in the near future.
