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Dublin, Aug. 14, 2024 (GLOBE NEWSWIRE) -- The "The Global Cellular IoT Antenna Market:1st Edition" report has been added to ResearchAndMarkets.com's offering.
TE Connectivity's (TEL) fiscal third-quarter performance benefits from the strong margin expansion.
While the top- and bottom-line numbers for TE Connectivity (TEL) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
TE Connectivity (TEL) came out with quarterly earnings of $1.91 per share, beating the Zacks Consensus Estimate of $1.86 per share. This compares to earnings of $1.77 per share a year ago.
TE Connectivity (TEL) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
TE Connectivity's (TEL) fiscal third-quarter performance is expected to reflect strength in the Transportation and Communication segment.
TE Connectivity has repriced from FY'23 on stronger fundamentals and improved outlook. TEL is highly cash-generative and its business economics are improving substantially. Valuations are fair at ~17x NOPAT and support a revised buy rating at $172/share, potential for 10% upside from current range.
SCHAFFHAUSEN, Switzerland , July 10, 2024 /PRNewswire/ -- TE Connectivity Ltd. (NYSE: TEL) will report financial results for the third quarter of fiscal 2024 before trading begins on July 24, 2024.
TE Connectivity (TEL) reported earnings 30 days ago. What's next for the stock?
Examine the evolution of TE Connectivity's (TEL) overseas revenue trends and their effects on Wall Street's forecasts and the stock's prospects.