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Preview: Teledyne Technologies's Earnings

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On Wednesday, October 21, Teledyne Technologies (NYSE: TDY) will report its last quarter's earnings. Here is Benzinga's preview of the company's release.

The Definitions Of Net Income, Earnings, And Earnings Per Share

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

Sell-side analysts expect Teledyne Technologies's EPS to be near $2.36 on sales of $751.04 million. In the same quarter last year, Teledyne Technologies reported earnings per share of $2.57 on sales of $802.20 million.

Why Analyst Estimates And Earnings Surprises Are Important

Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a given company yields the "consensus estimates." If the company posts earnings or revenue above or below the consensus estimate, the stock may move by a considerable margin.

If the company were to post earnings in line with the consensus estimate when it reports Wednesday, EPS would be down 8.17%. Revenue would have fallen 6.38% from the same quarter last year. Here is how the Teledyne Technologies's reported EPS has stacked up against analyst estimates in the past:

Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019
EPS Estimate 1.98 2.19 2.74 2.53
EPS Actual 2.48 2.17 3.06 2.84
Revenue Estimate 743.65 M 790.17 M 826.78 M 786.55 M
Revenue Actual 743.30 M 784.60 M 834.20 M 802.20 M

Stock Performance

Over the last 52-week period, shares are up 3.02%. Given that these returns are generally positive, long-term shareholders can be content going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Teledyne Technologies is scheduled to hold the call at 11:00:00 ET and can be accessed here: http://www.teledyne.com/news-events/news-details?ID=389

 

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Posted-In: Earnings