Compared to Estimates, Teledyne (TDY) Q1 Earnings: A Look at Key Metrics

For the quarter ended March 2023, Teledyne Technologies (TDY) reported revenue of $1.38 billion, up 4.7% over the same period last year. EPS came in at $4.53, compared to $4.27 in the year-ago quarter.

The reported revenue represents a surprise of +0.80% over the Zacks Consensus Estimate of $1.37 billion. With the consensus EPS estimate being $4.43, the EPS surprise was +2.26%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Teledyne performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Net Sales- Instrumentation: $333.50 million versus the three-analyst average estimate of $315.87 million. The reported number represents a year-over-year change of +8%.

• Net Sales- Aerospace and Defense Electronics: $173.20 million versus the three-analyst average estimate of $169.57 million. The reported number represents a year-over-year change of +4.2%.

• Net Sales- Engineered Systems: $104.10 million compared to the $104.88 million average estimate based on three analysts. The reported number represents a change of +9.1% year over year.

• Net Sales- Digital Imaging: $772.50 million versus $782.09 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +2.9% change.

• Operating Income- Instrumentation: $80.70 million compared to the $75.81 million average estimate based on three analysts.

• Operating Income- Digital Imaging: $122.20 million compared to the $130.69 million average estimate based on three analysts.

• Operating Income- Corporate expense: -$17.40 million versus -$16.56 million estimated by three analysts on average.

• Operating Income- Engineered Systems: $10 million compared to the $10 million average estimate based on three analysts.

• Operating Income- Aerospace and Defense Electronics: $47 million compared to the $44.72 million average estimate based on three analysts.

View all Key Company Metrics for Teledyne here>>>

Shares of Teledyne have returned -3% over the past month versus the Zacks S&P 500 composite's +2.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

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