Earnings Outlook For TE Connectivity
Portfolio Pulse from Benzinga Insights
TE Connectivity (NYSE:TEL) is expected to release its quarterly earnings report on Wednesday, 2024-01-24, with an estimated EPS of $1.71. Investors are looking for an earnings beat and positive guidance for future growth. In the past, TEL's stock price has reacted modestly to earnings beats and misses. Shares are currently trading at $133.2, up 8.36% over the last 52 weeks, indicating a bullish sentiment among long-term shareholders.
January 23, 2024 | 4:01 pm
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TE Connectivity is anticipated to report quarterly earnings with an EPS estimate of $1.71. Positive past performance and a bullish long-term sentiment may lead to a favorable short-term impact if earnings beat and guidance are strong.
Given TEL's history of modest stock price reactions to earnings performance and the current bullish sentiment, a positive earnings report with strong guidance could lead to a short-term increase in stock price. However, the market's focus on guidance over actual earnings beat could moderate the impact.
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