Core Viewpoint - TE Connectivity (TEL) is expected to report quarterly earnings of $1.96 per share, a 5.4% increase year-over-year, with revenues forecasted at $3.95 billion, reflecting a 0.4% decrease from the previous year [1] Earnings Estimates - Changes in earnings estimates are crucial for predicting investor reactions to the stock, with empirical studies showing a strong relationship between earnings estimate revisions and short-term price performance [2] Key Metrics Projections - Analysts estimate 'Net sales- Transportation Solutions' at $2.26 billion, indicating a -5.1% change year-over-year [4] - 'Net sales- Industrial Solutions' is projected to reach $1.69 billion, reflecting a +47.9% change from the prior year [4] - 'Net sales- Transportation Solutions- Automotive' is estimated at $1.74 billion, suggesting a -0.7% year-over-year change [5] - 'Net sales- Transportation Solutions- Sensors' is forecasted at $207.92 million, indicating a -17.2% change from the previous year [5] - 'Net sales- Industrial Solutions- Medical' is expected to be $177.44 million, reflecting a -15.9% change year-over-year [5] - 'Net sales- Industrial Solutions- Energy' is projected at $231.15 million, indicating a -1.2% change from the prior year [6] - 'Net sales- Transportation Solutions- Commercial transportation' is estimated at $325.54 million, suggesting a -15.2% year-over-year change [6] Operating Income Estimates - The consensus estimate for 'Adjusted Operating Income- Transportation Solutions' is $470.08 million, down from $486 million in the same quarter last year [7] - 'Adjusted Operating Income- Industrial Solutions' is expected to be $286.12 million, compared to $173 million in the prior year [7] Stock Performance - Over the past month, TE Connectivity shares have recorded a return of -11.6%, compared to the Zacks S&P 500 composite's -5.6% change, with a Zacks Rank 2 (Buy) indicating potential outperformance in the upcoming period [8]
Wall Street's Insights Into Key Metrics Ahead of TE Connectivity (TEL) Q2 Earnings