TE Connectivity Ltd expected to post earnings of $1.83 a share - Earnings Preview

TE Connectivity

22/04/2024 13:48

* TE Connectivity Ltd  TEL.N   TEL  is expected to show a
fall in
quarterly revenue when it reports  results on April 24 for the
period ending March 31 2024
    * The Schaffhausen-based  company is expected to report a
4.9% decrease in revenue to $3.956 billion from $4.16 billion a
year ago, according to the mean estimate from 16 analysts, based
on LSEG data.The company's guidance on January 24 2024, for the
period ended March 31, was for revenue of $3.950 billion.
    * ​LSEG's mean analyst estimate for TE Connectivity Ltd is
for
earnings of $1.83 per share. The company's EPS guidance on
January 24 2024, for the period ended March 31, was about
USD1.82
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 9
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for TE
Connectivity
Ltd is $159.50​, above​ its last closing price of $140.55. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  1.72        1.71       1.84      Beat    7.5
 Sep. 30 2023  1.76        1.76       1.78      Beat    1.4
 Jun. 30 2023  1.67        1.66       1.77      Beat    6.6​
 Mar. 31 2023  1.59        1.58       1.65      Beat    4.4
 ​​Dec.        1.52        1.51       1.53      Beat    1.4
 31 2022                                                
 Sep. 30 2022  1.87        1.87       1.88      Beat    0.8​
 Jun. 30 2022  1.75        1.75       1.86      Beat    6.5
 Mar. 31 2022  1.70        1.70       1.81      Beat    6.5
 This summary was machine generated April 22 at 12:48 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)