Electronics Stocks' Oct 30 Earnings Roster: KLAC, TEL & More
Zacks Investment Research | Oct 29, 2019 04:44AM ET
Electronics stocks' quarterly releases are expected to reflect the ongoing technical advancement in the Internet infrastructure and telecommunication sector globally. Further, accelerated deployment of 5G technology is expected to have driven the industry participants’ performance in the quarter under review.
This was evident from Teradyne’s (NASDAQ:TER) third-quarter the complete list of today’s Zacks #1 Rank stocks here.
TE Connectivity’s (NYSE:TEL) fiscal fourth-quarter 2019 results are likely to reflect its strength in aerospace, defense and medical fields. Further, its well-performing aerospace, defense and marine business is expected to have driven the industrial segment’s performance in the quarter under review.
Content growth in automobile production is anticipated to have positively impacted the fourth-quarter performance. (Read more: TE Connectivity (TEL) to Post Q4 Earnings: What's in Store? )
However, weak market conditions in China and softness in European Auto market are likely to have affected the fourth-quarter results.
Notably, the Zacks Consensus Estimate for earnings has moved north by 0.8% to $1.31 over the past 30 days.
TE Connectivity has an Earnings ESP of +1.15% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter .
TE Connectivity Ltd. Price and EPS Surprise
Garmin (GRMN) to Report Q3 Earnings: What's in the Offing? )
However, weak personal navigation device market is likely to have marred Garmin’s Auto/Mobile segment.
Notably, the Zacks Consensus Estimate for earnings has been stable over the past 30 days at 94 cents.
Garmin has an Earnings ESP of 0.00% and a Zacks Rank #3.
Trimble’s (NASDAQ:TRMB) third-quarter 2019 results are likely to reflect strengthening building and civil construction businesses. Further, robust mapping, navigation and truck routing businesses are expected to have contributed the third-quarter top line.
However, U.S.-China trade tensions, which are resulting in slowdown in OEM demand and sluggish spending by U.S. farmers, are anticipated to have negatively impacted the company’s agriculture business in the third quarter.
Notably, the Zacks Consensus Estimate for earnings has been stable over the past 30 days at 47 cents.
Trimble has an Earnings ESP of 0.00% and a Zacks Rank #3.
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Trimble Inc. Price and EPS Surprise
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