What's In The Cards For Teledyne (TDY) This Earnings Season?
Zacks Investment Research | Jan 19, 2020 09:05PM ET
Teledyne Technologies Incorporated (NYSE:TDY) is set to report fourth-quarter and full-year 2019 results on Jan 22, before market open.
In the last reported quarter, the company delivered a positive earnings surprise of 12.25%. Moreover, it surpassed the Zacks Consensus Estimate in the trailing four quarters, with the average positive earnings surprise being 10.13%.
Let’s see how things have shaped up prior to this announcement.
Factors at Play
Regular launch of products bolster Teledyne Technologies’ top-line growth. Keeping up with this trend, during the fourth quarter of 2019, the company introduced a handful of products in the market, including WaveRunner 8000 high definition (HD) oscilloscope, the 8000HD Motor Drive Analyzer, the OscilloSYNCTM technology and ADQ7WB dual-channel 12-bit wideband digitizer. The company also launched BoraTime-of-Flight CMOS image sensor and Vicore camera vision system.
We expect these innovations to have improved revenues for the company. Currently, the Zacks Consensus Estimate for fourth-quarter revenues is pegged at $825.9 million, indicating an improvement of 10.4% from fourth-quarter 2018.
Teledyne Technologies Incorporated Price and EPS Surprise
Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.