) is set to report fourth quarter 2013 results on Jan 22. Last
quarter, it posted a 4.55% positive surprise. Let us see how
things are shaping up for this announcement.
MULTIMEDIA GAME (MGAM): Free Stock Analysis
MELCO CROWN ENT (MPEL): Free Stock Analysis
TERADYNE INC (TER): Free Stock Analysis
WESTERN DIGITAL (WDC): Free Stock Analysis
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Growth Factors this Past Quarter
Teradyne's third-quarter earnings exceeded the Zacks Consensus
Estimate on lower-than-expected operating expenses. Though
Teradyne's new products related to mobile phones fared well in
the quarter, storage test lines were impacted by weak PC demand.
For the fourth quarter of 2013, Teradyne expects revenues to be
in the range of $260 million-$285 million, down 37.1%
sequentially at the mid-point. Non-GAAP earnings from continuing
operations are expected to be in the range of 0 to 7 cents a
share and GAAP earnings are expected to be 4 cents to 8 cents per
Our proven model does not conclusively show that Teradyne is
likely to beat earnings this quarter. That is because a stock
needs to have both a positive
and a Zacks Rank of #1, 2 or 3 for this to happen. That is not
the case here as you will see below.
Zacks ESP: Teradyne's expected surprise prediction stands at
0.00%. This is because both the Most Accurate estimate and the
Zacks Consensus Estimate stand at 4 cents.
Zacks Rank #3 (Hold): Teradyne's Zacks Rank #3 when combined with
an ESP of 0.00% makes surprise prediction difficult. We caution
against stocks with Zacks Rank #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 Ltd.
), Earnings ESP of +2.56% and a Zacks #2 Rank (Buy)
), Earnings ESP of +0.96% and a Zacks Rank #1 (Strong Buy)
Multimedia Games Holding Company, Inc.
), Earnings ESP of +10.35% and a Zacks Rank #1