The projections at Yahoo Finance:
|Current Qtr.||Next Qtr.||Current Year||Next Year|
|No. of Analysts||10||10||11||11|
|Year Ago EPS||0.84||0.90||4.08||4.34|
From the earnings release and conference call:
First Quarter Highlights
- Net sales were $3.1 billion, up 8 percent and 7 percent organically, compared to the first quarter of 2016
- Orders, excluding SubCom, were $3.1 billion in the quarter, up 10 percent organically from the first quarter of 2016
- Diluted earnings per share from continuing operations were $1.13, a 36 percent improvement year over year
- Adjusted earnings per share were $1.15, up 37 percent over the same period in 2016
". . . we are raising our full year organic revenue outlook by 100 basis points and our adjusted EPS guidance to $4.40 at the midpoint. Currency exchange rates are expected to impact full year adjusted EPS by $0.16 versus our prior view, and this is factored into our guidance. I am pleased that we are growing adjusted EPS 11% year-over-year even with the negative impact of the stronger dollar."
I would expect both increased the guidance and the fiscal Q1 performance to raise the 2017 to something around $4.44.
Thus we have a (115.100) 15% quarterly earnings beat - but only a (440/434) 1.38% increase in 2017 guidance. TEL has a history of projection more growth than the actual - so that history should have the result of TEL getting more conservative with their projections.
The market response: TEL closed on 1/24/17 at $71.68. TEL closed today at $75.16 - up 4.85% for the day. TEL closed 2016 at $69.28 - so it is up 8.49% for the year.
Disclosure: I am/we are long TEL.