) is set to report third-quarter 2013 results on Oct 23. Last
quarter, it posted a 30.0% positive surprise. Let's see how
things are shaping up for this announcement.
Growth Factors this Past Quarter
The company's earnings exceeded the Zacks Consensus Estimate
driven by lean cost structure and strong execution. Also,
revenues of $428.9 million were up 53.0% sequentially
attributable to new products. Gross margins expanded sequentially
due to higher volumes and favorable mix.
For the third quarter, Teradyneexpects to generate revenues in
the range of $425 million-$465 million, up 3.7% sequentially at
the mid-point. Non-GAAP earnings are expected to be in the range
of 39 cents-49 cents while GAAP earnings are expected within the
range of 23 cents to 31 cents per share.
Our proven model does not conclusively show that Teradyneis
likely to beat earnings this quarter. That is because a stock
needs to have both a positive
and a Zacks Rank #1, 2 or 3 for this to happen. That is not the
case here as you will see below.
The earnings ESP for the stock is 0.00%.
Zacks Rank #4 (Sell):
We caution against stocks with Zacks Ranks #4 and 5 (Sell-rated
stocks) going into the earnings announcement, especially when the
company is seeing negative estimate revisions momentum.
Other Stocks to Consider
Here are some other companies you may want to consider as our
model shows they have the right combination of elements to post
an earnings beat this quarter:
Melco Crown Entertainment Limited
), with Earnings ESP of +6.45% and a Zacks Rank #1 (Strong
), with Earnings ESP of +39.54% and a Zacks Rank #1 (Strong
SY Bancorp Inc.
), with Earnings ESP of +4.08% and a Zacks Rank #1 (Strong
KEMPER CORP (KMPR): Free Stock Analysis
MELCO CROWN ENT (MPEL): Free Stock Analysis
S Y BANCORP INC (SYBT): Free Stock Analysis
TERADYNE INC (TER): Free Stock Analysis
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