- Keysight’s 2Q Adjusted EPS beats estimates with a figure of $1.41, decreased from $2.12 year on year, against the estimated $1.39.
- Communication Solutions revenue was $840 million, marking a 10% decrease from last year which is more than the estimated $818.1 million.
- Electronic Industrial Solutions revenue came in at $376 million, a decrease of 17% from last year, falling short of the estimated $384.3 million.
- Keysight’s total orders were valued at $1.22 billion, displaying a decrease of 7.6% from last year. This figure surpasses the estimated $1.16 billion.
- The gross margin for Communication Solutions remained unchanged at 68% from last year.
- On the other hand, the gross margin for Electronic Industrial Solutions was 58%, less than the previous year’s 64% and also less than the estimated 62.5%.
- Thanks to strong execution, Keysight was able to achieve results above their initial guidance. Their full-year outlook remains unchanged.
- Revenue is expected to fall within the range of $1.18 billion to $1.2 billion for Keysight’s third fiscal quarter of 2024.
- Lastly, the analyst recommendations comprised of 6 buys, 4 holds, and 1 sell.
Keysight Technologies In on Smartkarma
Key insights on Keysight Technologies from top independent analysts on Smartkarma reveal a positive sentiment towards the company’s performance. Baptista Research recently published a report titled “Keysight Technologies: Is The Strength In Aerospace & Defense Market Expected To Continue? – Major Drivers“. The report highlights Keysight’s impressive first-quarter earnings for the fiscal year 2024, surpassing predictions by achieving $1.3 billion in revenue and $1.63 in earnings per share. This showcases the resilience of Keysight in navigating market challenges.
Additionally, Baptista Research‘s report “Keysight Technologies Inc.: Initiation of Coverage – Business Strategy” emphasizes Keysight’s position as a leading electronic design and test solutions provider. The report acknowledges Keysight’s strong financial performance, meeting revenue expectations in the third quarter and exceeding earnings per share guidance. Furthermore, Keysight is gearing up to introduce a cutting-edge solution for controlling and calibrating phased array antennas, positioning the company for continued success in the industry.
A look at Keysight Technologies In Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Keysight Technologies Inc., a company specializing in electronic measurement services, is showing promising signs for long-term growth based on the Smartkarma Smart Scores. With a strong growth score of 4 and momentum score of 4, the company is positioned well for expansion and market performance. Additionally, Keysight Technologies In exhibits resilience with a score of 3, indicating its ability to weather challenges effectively. However, the company’s value score of 2 and low dividend score of 1 suggest potential areas for improvement in terms of financial metrics.
Overall, Keysight Technologies Inc. appears to have a positive long-term outlook, particularly in terms of growth and momentum, as indicated by the Smartkarma Smart Scores. With a focus on electronic measurement services utilizing wireless, modular, and software solutions, the company’s strengths in growth and resilience bode well for its future performance in the market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
