TE Connectivity (NYSE:TEL) reported its Q1 earnings results on Wednesday, January 26, 2022 at 06:00 AM.
Here's what investors need to know about the announcement.
Earnings
TE Connectivity beat estimated earnings by 10.0%, reporting an EPS of $1.76 versus an estimate of $1.6, which did not surprise analysts.
Revenue was up $296.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.05, which was followed by a 1.64% increase in the share price the next day.
Here's a look at TE Connectivity's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.64 | 1.58 | 1.48 | 1.28 |
| EPS Actual | 1.69 | 1.79 | 1.57 | 1.47 |
| Revenue Estimate | 3.78B | 3.74B | 3.52B | 3.26B |
| Revenue Actual | 3.82B | 3.85B | 3.74B | 3.52B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
TE Connectivity management provided guidance for their next quarter, expecting earnings between $1.7 and $1.7 per share for the next quarter.
This represents a -3.41% in quarter-over-quarter growth for TE Connectivity, a bearish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
