TE Connectivity (TEL) came out with quarterly earnings of $1.91 per share, beating the Zacks Consensus Estimate of $1.86 per share. This compares to earnings of $1.77 per share a year ago.
TE Connectivity (TEL) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
TE Connectivity's (TEL) fiscal third-quarter performance is expected to reflect strength in the Transportation and Communication segment.
TE Connectivity has repriced from FY'23 on stronger fundamentals and improved outlook. TEL is highly cash-generative and its business economics are improving substantially. Valuations are fair at ~17x NOPAT and support a revised buy rating at $172/share, potential for 10% upside from current range.
TE Connectivity (TEL) reported earnings 30 days ago. What's next for the stock?