TE Connectivity PLC reports results for the quarter ended in January 1 - Earnings Summary

TE Connectivity

30/10/2024 15:15

* TE Connectivity PLC  TEL.N  reported quarterly adjusted
earnings
of $1.95​​ per share for the quarter ended January 1, higher
than the same quarter last year, when the company reported EPS
of $1.78.  The mean expectation of nineteen analysts for the
quarter was for earnings of $1.95 per share. Wall Street
expected results to range from $1.92  to $1.98 per share.
    * Revenue rose 0.8% to $4.07 billion from a year ago;
analysts
expected $4.02 billion. 
    * TE Connectivity PLC's reported EPS for the quarter was 90
cents​.
    * The company reported quarterly net income of $276 million.
    * TE Connectivity PLC shares had risen by 1.1% this
quarter and
gained 8.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 11
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electronic
equipment & parts peer group is also "buy"

Wall Street's median 12-month price target for TE Connectivity
PLC is $166.00 
This summary was machine generated from LSEG data October 30 at
03:15 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      1.95           1.95           Met
 Jun. 30 2024      1.86           1.91           Beat
 Mar. 31 2024      1.83           1.86           Beat
 Dec. 31 2023      1.71           1.84           Beat