TE Connectivity PLC expected to post earnings of $1.94 a share - Earnings Preview

TE Connectivity

28/10/2024 13:09

* TE Connectivity PLC  TEL.N   TEL  is expected to show a
fall in
quarterly revenue when it reports  results on October 30 for the
period ending September 30 2024
    * The Dublin Ireland; Republic of-based   company is
expected to
report a 0.4% decrease in revenue to $4.018 billion from $4.04
billion a year ago, according to the mean estimate from 18
analysts, based on LSEG data.The company's guidance on August 13
2024, for the period ended September 30, was for revenue of
$4.000 billion.
    * ​LSEG's mean analyst estimate for TE Connectivity PLC is
for
earnings of $1.94 per share. The company's EPS guidance on July
24 2024, for the period ended September 30, was about USD1.94
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 10
"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
PLC is $167.00​, above​ its last closing price of $149.13. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  1.83        1.86       1.91      Beat    2.7
 Mar. 31 2024  1.83        1.83       1.86      Beat    1.7
 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.        1.67        1.66       1.77      Beat    6.6
 30 2023                                                
 Mar. 31 2023  1.59        1.58       1.65      Beat    4.4​
 Dec. 31 2022  1.52        1.51       1.53      Beat    1.4
 Sep. 30 2022  1.87        1.87       1.88      Beat    0.8
 This summary was machine generated October 28 at 13:09 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)