These Analysts Revise Their Forecasts On Keysight Technologies After Q4 Results
Portfolio Pulse from Lisa Levin
Keysight Technologies, Inc. (NYSE:KEYS) reported Q4 earnings of $1.99 per share, surpassing estimates of $1.87, with revenue at $1.31 billion beating the $1.30 billion estimate. However, the company's Q1 guidance was below expectations, with earnings forecasted between $1.53 and $1.59 per share versus the $1.67 estimate, and revenue between $1.235 billion and $1.255 billion against the $1.24 billion estimate. Following the earnings report, Barclays lowered its price target from $144 to $134, maintaining an Equal-Weight rating, while Baird increased its price target from $155 to $160, maintaining an Outperform rating. KEYS shares dropped 0.3% to $134.53.

November 21, 2023 | 4:50 pm
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NEGATIVE IMPACT
Keysight Technologies exceeded Q4 earnings and revenue estimates but provided weaker Q1 guidance. Barclays lowered its price target while Baird raised theirs.
Despite the positive Q4 results, the lower than expected Q1 guidance is likely to have a negative short-term impact on KEYS stock. The mixed analyst price target revisions reflect uncertainty, which could lead to increased volatility in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100