Can TE Connectivity Meet These Numbers?
TE Connectivity (NYS: TEL) is expected to report Q3 earnings on July 24. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict TE Connectivity's revenues will drop -3.0% and EPS will grow 5.1%.
The average estimate for revenue is $3.39 billion. On the bottom line, the average EPS estimate is $0.83.
Last quarter, TE Connectivity logged revenue of $3.27 billion. GAAP reported sales were 0.5% higher than the prior-year quarter's $3.25 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.76. GAAP EPS of $0.66 for Q2 were 10% higher than the prior-year quarter's $0.60 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 32.2%, 80 basis points better than the prior-year quarter. Operating margin was 13.6%, 60 basis points better than the prior-year quarter. Net margin was 8.5%, 60 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $13.28 billion. The average EPS estimate is $3.16.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on TE Connectivity is outperform, with an average price target of $43.56.
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The article Can TE Connectivity Meet These Numbers? originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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