- Teledyne Technologies surpasses earnings expectations in Q1, with a Non-GAAP EPS of $4.95.
- Revenue climbs 7.4% year-over-year, reaching $1.45 billion and beating estimates by $10 million.
- Wall Street analysts predict a 22.06% upside potential based on current price targets.
Teledyne Technologies (NYSE: TDY) has started the year strong by reporting a first-quarter Non-GAAP EPS of $4.95, which surpassed the consensus estimates by $0.03. The company generated $1.45 billion in revenue, marking a 7.4% growth compared to the previous year. This performance outpaced projections by $10 million. Furthermore, Teledyne reaffirmed its 2025 Non-GAAP EPS outlook, projecting figures between $21.10 and $21.50.
Wall Street Analysts' Expectations for TDY
Teledyne Technologies Inc (TDY, Financial) continues to attract attention from financial analysts. Based on one-year price targets offered by 11 experts, the average target price is set at $562.83, with the estimates ranging from a high of $600.00 to a low of $514.00. This average price target indicates a potential upside of 22.06% from the current stock price of $461.10. For further insights, delve into the detailed estimates available on the Teledyne Technologies Inc (TDY) Forecast page.
The consensus among 11 brokerage firms gives Teledyne Technologies Inc (TDY, Financial) an average brokerage recommendation of 1.9, which corresponds to an "Outperform" rating. It's noteworthy that this rating scale spans from 1, indicating a Strong Buy, to 5, signifying a Sell recommendation.
Evaluating Teledyne's GF Value
According to GuruFocus metrics, Teledyne Technologies Inc (TDY, Financial) is estimated to have a GF Value of $468.49 in one year. This suggests a modest upside of 1.6% from its current trading price of $461.10. The GF Value represents GuruFocus's assessment of the stock's fair value, determined by historical trading multiples, past business growth, and future performance forecasts. Investors can explore more about this evaluation on the Teledyne Technologies Inc (TDY) Summary page.
As Teledyne Technologies navigates through 2023, investors would do well to monitor how these factors influence the stock's trajectory and capital allocation strategies.
