Keysight (KEYS) Q1 Earnings and Revenues Surpass Estimates

Company Performance - Keysight reported quarterly earnings of $1.82 per share, exceeding the Zacks Consensus Estimate of $1.69 per share, and up from $1.63 per share a year ago, representing an earnings surprise of 7.69% [1] - The company posted revenues of $1.3 billion for the quarter ended January 2025, surpassing the Zacks Consensus Estimate by 1.76%, and an increase from $1.26 billion year-over-year [2] - Over the last four quarters, Keysight has consistently surpassed consensus EPS and revenue estimates [2] Stock Movement and Outlook - Keysight shares have increased approximately 8% since the beginning of the year, outperforming the S&P 500's gain of 1.7% [3] - The sustainability of the stock's price movement will depend on management's commentary during the earnings call and future earnings expectations [3][4] - The current consensus EPS estimate for the upcoming quarter is $1.60 on revenues of $1.27 billion, and for the current fiscal year, it is $6.97 on revenues of $5.25 billion [7] Industry Context - The Electronics - Measuring Instruments industry, to which Keysight belongs, is currently ranked in the top 21% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Keysight's stock performance [5][6]