Will Teradyne (TER) Beat Estimates Again in Its Next Earnings Report?

Core Viewpoint - Teradyne is positioned to continue its earnings-beat streak, particularly in light of its recent performance and positive earnings estimates [1][5]. Earnings Performance - In the last reported quarter, Teradyne achieved earnings of $0.51 per share, exceeding the Zacks Consensus Estimate of $0.33 per share, resulting in a surprise of 54.55% [2]. - In the previous quarter, the company reported earnings of $0.79 per share against an expected $0.72 per share, delivering a surprise of 9.72% [2]. Earnings Estimates and Predictions - Recent estimates for Teradyne have been increasing, indicating a bullish sentiment among analysts [4]. - The company currently has an Earnings ESP of +5.26%, suggesting a strong potential for an earnings beat in the upcoming report [7]. - The next earnings report for Teradyne is anticipated to be released on July 24, 2024 [7]. Zacks Rank and Earnings ESP - Teradyne holds a Zacks Rank of 2 (Buy), which, when combined with its positive Earnings ESP, indicates a high likelihood of another earnings beat [7]. - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have historically produced a positive surprise nearly 70% of the time [5].