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Is Trending Stock Texas Instruments Incorporated (TXN) a Buy Now?
TITI(US:TXN) Zacks Investment Researchยท2024-02-21 15:05

Stock Performance and Industry Comparison - Texas Instruments' stock has returned -6.7% over the past month, underperforming the Zacks S&P 500 composite's +3% change [1] - The Zacks Semiconductor - General industry, which Texas Instruments belongs to, has gained 11.9% during the same period [1] Earnings Estimate Revisions - Texas Instruments is expected to post earnings of $1.09 per share for the current quarter, representing a year-over-year change of -41.1% [2] - The Zacks Consensus Estimate for the current quarter has changed -25% over the last 30 days [2] - The consensus earnings estimate for the current fiscal year is $5.27, indicating a year-over-year change of -25.5%, with a -19.4% revision over the last 30 days [3] - For the next fiscal year, the consensus earnings estimate is $6.30, indicating a +19.5% change from the previous year, with a -17.5% revision over the past month [3] - Texas Instruments is rated Zacks Rank 4 (Sell) due to the recent change in consensus estimate and other factors related to earnings estimates [3] Revenue Growth Forecast - The consensus sales estimate for the current quarter is $3.61 billion, indicating a year-over-year change of -17.7% [5] - For the current fiscal year, the revenue estimate is $15.91 billion, indicating a -9.2% change [5] - For the next fiscal year, the revenue estimate is $17.71 billion, indicating a +11.3% change [5] Last Reported Results and Surprise History - Texas Instruments reported revenues of $4.08 billion in the last reported quarter, representing a year-over-year change of -12.7% [6] - EPS for the same period was $1.49, compared to $2.13 a year ago [6] - The reported revenues represent a surprise of -0.89% compared to the Zacks Consensus Estimate of $4.11 billion [6] - The EPS surprise was +2.05% [6] - Over the last four quarters, Texas Instruments surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [7] Valuation - Texas Instruments is graded F on the Zacks Value Style Score, indicating that it is trading at a premium to its peers [9] - The Zacks Value Style Score uses traditional and unconventional valuation metrics to grade stocks from A to F [9]