Investors may need to guess on Teradyne (TER), as earnings estimates for this firm have been displa
Investors may need to guess on Teradyne (TER), as earnings estimates for this firm have been displaying strong enchancment these days. The inventory has already gained strong short-term worth momentum, and this development may proceed with its nonetheless enhancing earnings outlook.
The upward development in estimate revisions for this maker of wi-fi merchandise, knowledge storage and tools to check semiconductors displays rising optimism of analysts on its earnings prospects, which ought to get mirrored in its inventory worth. In any case, empirical analysis reveals a powerful correlation between tendencies in earnings estimate revisions and near-term inventory worth actions. Our inventory ranking device — the Zacks Rank — has this perception at its core.
The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Sturdy Purchase) to a Zacks Rank #5 (Sturdy Promote), has a powerful externally-audited track record of outperformance, with Zacks #1 Ranked shares producing a median annual return of +25% since 2008.
Consensus earnings estimates for the following quarter and full yr have moved significantly greater for Teradyne, as there was…