Teradyne (TER) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
Teradyne (TER) reported $703.73 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 14.9%. EPS of $0.80 for the same period compares to $1.15 a year ago.
The reported revenue represents a surprise of +2.83% over the Zacks Consensus Estimate of $684.36 million. With the consensus EPS estimate being $0.72, the EPS surprise was +11.11%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Teradyne performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Semiconductor Test: $498 million versus the three-analyst average estimate of $477.64 million. The reported number represents a year-over-year change of -13.5%.
Revenue- Industrial Automation (Robotics): $86 million versus the three-analyst average estimate of $76.65 million. The reported number represents a year-over-year change of -3.4%.
Revenue- Wireless Test: $37 million versus $41.51 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -19.6% change.
Revenue- Systems Test: $83 million versus the three-analyst average estimate of $89.22 million. The reported number represents a year-over-year change of -28.5%.
View all Key Company Metrics for Teradyne here>>>
Shares of Teradyne have returned -4.4% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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