Teledyne Technologies Beats Estimates Yet Again

Seth Jayson, The Motley Fool
Updated

Teledyne Technologies (NYS: TDY) reported earnings on Jan. 26. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Jan. 1 (Q4), Teledyne Technologies missed on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue grew and earnings per share didn't move.

Gross margins expanded, operating margins expanded, and net margins shrank.

Revenue details
Teledyne Technologies recorded revenue of $474.5 million. The seven analysts polled by S&P Capital IQ hoped for revenue of $498.7 million. Sales were 4.9% higher than the prior-year quarter's $452.3 million.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.

EPS details
EPS came in at $0.99. The six earnings estimates compiled by S&P Capital IQ averaged $0.86 per share. GAAP EPS of $0.99 for Q4 were 0% lower than the prior-year quarter's $0.99 per share.

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Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 33.5%, 180 basis points better than the prior-year quarter. Operating margin was 11.3%, 70 basis points better than the prior-year quarter. Net margin was 7.8%, 30 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $503.5 million. On the bottom line, the average EPS estimate is $0.90.

Next year's average estimate for revenue is $2.09 billion. The average EPS estimate is $3.92.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 379 members out of 388 rating the stock outperform, and nine members rating it underperform. Among 90 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 89 give Teledyne Technologies a green thumbs-up, and one gives it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Teledyne Technologies is hold, with an average price target of $61.80.

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At the time thisarticle was published 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 ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. 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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