Teradyne (TER) Reports Earnings Tomorrow: What To Expect
Semiconductor testing company Teradyne (NASDAQ:TER) will be announcing earnings results tomorrow after market close. Here's what investors should know.
Teradyne beat analysts' revenue expectations by 5.2% last quarter, reporting revenues of $599.8 million, down 2.9% year on year. It was a solid quarter for the company, with an impressive beat of analysts' EPS estimates and optimistic revenue guidance for the next quarter.
Is Teradyne a buy or sell going into earnings? Read our full analysis here, it's free.
This quarter, analysts are expecting Teradyne's revenue to grow 2.4% year on year to $701 million, a reversal from the 18.6% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.77 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Teradyne has only missed Wall Street's revenue estimates once over the last two years, exceeding top-line expectations by 2.6% on average.
Looking at Teradyne's peers in the semiconductors segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Micron Technology delivered year-on-year revenue growth of 81.5%, beating analysts' expectations by 2%, and NXP Semiconductors reported a revenue decline of 5.2%, in line with consensus estimates. Micron Technology traded down 7.1% following the results.
Read our full analysis of Micron Technology's results here and NXP Semiconductors's results here.
There has been positive sentiment among investors in the semiconductors segment, with share prices up 3.6% on average over the last month. Teradyne is up 6.2% during the same time and is heading into earnings with an average analyst price target of $147 (compared to the current share price of $154.5).
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