TE Connectivity (NYSE: TEL ) is expected to report Q1 earnings on Jan. 23. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict TE Connectivity's revenues will wane -3.1% and EPS will contract -3.0%.
The average estimate for revenue is $3.21 billion. On the bottom line, the average EPS estimate is $0.64.
Last quarter, TE Connectivity booked revenue of $3.36 billion. GAAP reported sales were 10% lower than the prior-year quarter's $3.75 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.76. GAAP EPS of $0.92 for Q4 were 23% higher than the prior-year quarter's $0.75 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 31.6%, 10 basis points better than the prior-year quarter. Operating margin was 13.3%, 60 basis points worse than the prior-year quarter. Net margin was 11.8%, 310 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $13.69 billion. The average EPS estimate is $3.19.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on TE Connectivity is outperform, with an average price target of $39.83.
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