Wall Street's Insights Into Key Metrics Ahead of TE Connectivity (TEL) Q2 Earnings

In its upcoming report, TE Connectivity (TEL) is predicted by Wall Street analysts to post quarterly earnings of $1.96 per share, reflecting an increase of 5.4% compared to the same period last year. Revenues are forecasted to be $3.95 billion, representing a year-over-year decrease of 0.4%.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.In light of this perspective, let's dive into the average estimates of certain TE Connectivity metrics that are commonly tracked and forecasted by Wall Street analysts.According to the collective judgment of analysts, 'Net sales- Transportation Solutions' should come in at $2.26 billion. The estimate indicates a change of -5.1% from the prior-year quarter.The consensus among analysts is that 'Net sales- Industrial Solutions' will reach $1.69 billion. The estimate indicates a year-over-year change of +47.9%.The collective assessment of analysts points to an estimated 'Net sales- Transportation Solutions- Automotive' of $1.74 billion. The estimate suggests a change of -0.7% year over year.Analysts forecast 'Net sales- Transportation Solutions- Sensors' to reach $207.92 million. The estimate points to a change of -17.2% from the year-ago quarter.Analysts predict that the 'Net sales- Industrial Solutions- Medical' will reach $177.44 million. The estimate indicates a change of -15.9% from the prior-year quarter.Analysts expect 'Net sales- Industrial Solutions- Energy' to come in at $231.15 million. The estimate indicates a change of -1.2% from the prior-year quarter.Analysts' assessment points toward 'Net sales- Transportation Solutions- Commercial transportation' reaching $325.54 million. The estimate suggests a change of -15.2% year over year.The consensus estimate for 'Adjusted Operating Income- Transportation Solutions' stands at $470.08 million. Compared to the current estimate, the company reported $486 million in the same quarter of the previous year.Based on the collective assessment of analysts, 'Adjusted Operating Income- Industrial Solutions' should arrive at $286.12 million. The estimate is in contrast to the year-ago figure of $173 million.View all Key Company Metrics for TE Connectivity here>>>Over the past month, TE Connectivity shares have recorded returns of -11.6% versus the Zacks S&P 500 composite's -5.6% change. Based on its Zacks Rank #2 (Buy), TEL will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report TE Connectivity Ltd. (TEL): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks