Teradyne, Inc. Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Teradyne, Inc. (NYSE:TER) will unveil its latest earnings on Wednesday, July 27, 2011. Teradyne, Inc. develops, designs, manufactures and sells automatic test systems and solutions used to test complex electronics a variety of industries industries.

Teradyne, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 41 cents per share, a decline of 40.6% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 44 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 41 cents during the last month. For the year, analysts are projecting profit of $1.64 per share, a decline of 25.5% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 3 cents, reporting net income of 39 cents per share against a mean estimate of profit of 36 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $391.4 million in revenue this quarter, a decline of 13.9% from the year ago quarter. Analysts are forecasting total revenue of $1.56 billion for the year, a decline of 3.1% from last year’s revenue of $1.61 billion.

Analyst Ratings: Analysts are bullish on this stock with eight analysts rating it as a buy, one rating it as a sell and four rating it as a hold.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 73.7%, with the biggest boost coming in the second quarter of the last fiscal year when revenue rose more than twofold from the year earlier quarter.

Competitors to Watch: LTX-Credence Corporation (NASDAQ:LTXC), Verigy Ltd. (NASDAQ:VRGY), Advantest Corp. (NYSE:ATE), Aehr Test Systems (NASDAQ:AEHR), Nanometrics Incorporated (NASDAQ:NANO), Agilent Technologies Inc. (NYSE:A), Aetrium, Inc. (NASDAQ:ATRM), Cohu, Inc. (NASDAQ:COHU), Rudolph Technologies, Inc. (NASDAQ:RTEC), and inTEST Corporation (NASDAQ:INTT).

Stock Price Performance: During April 26, 2011 to July 21, 2011, the stock price had fallen $3.98 (-21.8%) from $18.22 to $14.24. The stock price saw one of its best stretches over the last year between January 28, 2011 and February 8, 2011 when shares rose for eight-straight days, rising 10.8% (+$1.76) over that span. It saw one of its worst periods between May 31, 2011 and June 8, 2011 when shares fell for seven-straight days, falling 9.3% (-$1.49) over that span. Shares are up 20 cents (+1.4%) year to date.

(Source: Xignite Financials)

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