Teradyne

Morgan Stanley analyst Joseph Moore maintains Teradyne (NASDAQ:TER) with a Equal-Weight and lowers the price target from $114 to $88.

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We cut our 12-month target to $70 from $87 on a P/E of 23x our 2024 EPS estimate, near peers, but below TER’s five-year average (24x) on a soft macro. We maintain our 2023 EPS estimate of $2.84, but sharply cut our 2024 estimate to $3.03 from $4.14. TER posted Q3 EPS of $0.80 (vs. $1.15 in Q3 2022), $0.07 above consensus, driven by higher-than-expected sales in its Robotics group. Within Semi Test, automotive provided strength, which we expect to continue in 2024 on increasing semi content in vehicles and structural growth in EVs. However, overall testing was broadly weaker, with areas like mobility and wireless driven lower by a weak smartphone market. We expect this headwind to fade in 2024, but are hesitant to project a

Teradyne Expects Q4 Revenue Of $640M-$700M (Est. $689.573M), Adj. EPS Of $0.61-$0.81 (Est. $0.76)。

Teradyne (NASDAQ:TER) said it expects Q3 adjusted EPS of $0.61 to $0.81. Analysts polled by Capital IQ expect $0.72. Revenue for the quarter is projected to be $650 million to $710 million. Analysts polled by Capital IQ expect $671.5 million.

Teradyne (NASDAQ:TER) reported Q2 adjusted earnings  of $0.79 per diluted share, down from $1.21 per share a year earlier. Analysts polled by Capital IQ expected adjusted EPS of $0.66. Revenue for the quarter ended July 2 was $684.4 million, compared with $840.8 million a year earlier. Analysts polled by Capital IQ expected $658.1 million. The company said it expects Q3 adjusted EPS of $0.61 to $0.81. Analysts polled by Capital IQ expect $0.72. Revenue for the quarter is projected to be $650 million to $710 million. Analysts polled by Capital IQ expect $671.5 million.