TE Connectivity Ltd expected to post earnings of $1.86 a share - Earnings Preview

TE Connectivity

22/07/2024 15:03

* TE Connectivity Ltd  TEL.N   TEL  is expected to show a
rise in
quarterly revenue when it reports  results on July 24 for the
period ending June 30 2024
    * The Schaffhausen-based  company is expected to report a
0.4% increase in revenue to $4.013 billion from $4 billion a
year ago, according to the mean estimate from 17 analysts, based
on LSEG data.The company's guidance on April 24 2024, for the
period ended June 30, was for revenue of $4.000 billion.
    * ​LSEG's mean analyst estimate for TE Connectivity Ltd is
for
earnings of $1.86 per share. The company's EPS guidance on April
24 2024, for the period ended June 30, was about USD1.85
    * 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 $163.90​, above​ its last closing price of $150.69. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  1.83        1.83       1.86      Beat    1.7
 Dec. 31 2024  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.        1.59        1.58       1.65      Beat    4.4
 31 2023                                                
 Jan. 1 0001   1.52        1.51       1.53      Beat    1.4​
 Sep. 30 2022  1.87        1.87       1.88      Beat    0.8
 Jun. 30 2022  1.75        1.75       1.86      Beat    6.5
 This summary was machine generated July 22 at 14:03 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)