Analysts on Wall Street project that Texas Instruments (TXN) will announce quarterly earnings of $2.38 per share in its forthcoming report, representing an increase of 60.8% year over year. Revenues are projected to reach $5.91 billion, increasing 24.7% from the same quarter last year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Texas Instruments metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts expect 'Revenue- Analog' to come in at $4.76 billion. The estimate indicates a year-over-year change of +27.7%.
The consensus estimate for 'Revenue- Embedded Processing' stands at $836.25 million. The estimate points to a change of +18% from the year-ago quarter.
Analysts predict that the 'Revenue- Other' will reach $315.39 million. The estimate suggests a change of +3.8% year over year.
Analysts' assessment points toward 'Operating Profit- Analog' reaching $2.18 billion. Compared to the present estimate, the company reported $1.49 billion in the same quarter last year.
Analysts forecast 'Operating Profit- Embedded Processing' to reach $181.08 million. Compared to the present estimate, the company reported $108.00 million in the same quarter last year.
View all Key Company Metrics for Texas Instruments here>>>Texas Instruments shares have witnessed a change of +8.1% in the past month, in contrast to the Zacks S&P 500 composite's +2.4% move. With a Zacks Rank #2 (Buy), TXN is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Texas Instruments Incorporated (TXN): Free Stock Analysis Report
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