- Adjusted EPS for Q2: $4.58, beating the estimate of $4.50.
- Reported EPS for Q2: $3.77.
- Net Sales for Q2: $1.37 billion, slightly above the estimate of $1.36 billion.
- Digital Imaging Net Sales: $739.4 million, falling short of the estimate of $745.7 million.
- Instrumentation Net Sales: $333.5 million, surpassing the estimate of $325.2 million.
- Aerospace & Defense Electronics Net Sales: $194.4 million, exceeding the estimate of $188.4 million.
- Engineered Systems Net Sales: $106.8 million, higher than the estimate of $98.1 million.
- Q3 Forecast for Adjusted EPS: $4.90 to $5.00, with the estimate at $5.00.
- Full Year Forecast for Adjusted EPS: $19.25 to $19.45, close to the estimate of $19.38.
- Analyst Ratings: 8 buys, 2 holds, 0 sells.
Teledyne Technologies on Smartkarma
Teledyne Technologies has garnered attention from analysts on Smartkarma, with Baptista Research initiating coverage on the prominent industrial conglomerate. In their report titled “Teledyne Technologies Incorporated: Initiation Of Coverage – What Is Their Segmentwise Performance & Future Outlook? – Major Drivers,” Baptista Research highlighted the company’s focus on aerospace and defense, instrumentation, digital imaging, and engineered systems. Management’s Q1 2024 earnings call showcased robust results, including record non-GAAP operating margin, adjusted earnings per share, and free cash flow. The company’s performance was bolstered by growth in marine, aviation, and select defense sectors, offsetting sales declines in other areas.
A look at Teledyne Technologies Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 3 | |
| 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
Teledyne Technologies, a company specializing in electronic subsystems and instrumentation, is anticipated to have a positive long-term outlook based on its Smartkarma Smart Scores. With a strong score in Growth and Resilience, Teledyne is positioned well for future expansion and ability to withstand market challenges. The company’s focus on digital imaging products, aerospace and defense electronics, and monitoring instrumentation for various applications indicates a commitment to innovation and diversification.
Despite a lower score in Dividend, Teledyne’s overall rating suggests a promising trajectory in the market. The momentum score also hints at a steady upward movement for the company. Investors may find Teledyne Technologies to be an attractive option for long-term investment, considering its solid performance across key factors such as growth potential and resilience in the face of economic fluctuations.
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.
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