Will TE Connectivity (TEL) Beat Estimates Again in Its Next Earnings Report?

Core Viewpoint - TE Connectivity is positioned well for future earnings beats, supported by a positive Earnings ESP and a solid Zacks Rank [1][8]. Company Performance - TE Connectivity has a strong history of beating earnings estimates, with an average surprise of 4.31% over the last two quarters [4][7]. - For the last reported quarter, the company achieved earnings of $1.86 per share, exceeding the Zacks Consensus Estimate of $1.83 per share, resulting in a surprise of 1.64% [7]. - In the previous quarter, TE Connectivity's earnings were $1.84 per share against an expected $1.72, delivering a surprise of 6.98% [7]. Earnings Expectations - The current Earnings ESP for TE Connectivity is +0.87%, indicating a bullish outlook from analysts regarding the company's earnings prospects [8]. - The combination of a positive Earnings ESP and a Zacks Rank of 2 (Buy) suggests a high likelihood of another earnings beat in the upcoming report [8]. Industry Insights - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [5]. - The Zacks Earnings ESP is a valuable tool for assessing the accuracy of earnings estimates, as it compares the Most Accurate Estimate to the Zacks Consensus Estimate [9].