TE Connectivity (TEL) has the following Yahoo Finance earnings projections:
|Earnings Estimate||Current Qtr. (Mar 2018)||Next Qtr. (Jun 2018)||Current Year (2018)||Next Year (2019)|
|No. of Analysts||15||15||16||16|
|Year Ago EPS||1.19||1.24||4.83||5.51|
What TEL reported:
Diluted earnings per share (NYSEARCA:EPS) from continuing operations were $1.39, up 23 percent from the second quarter of 2017, and adjusted EPS were $1.42, growth of 19 percent over the same period in 2017.
What TEL projected for the next quarter
The company expects adjusted EPS of $1.35 to $1.37 which represents a 10 percent improvement at the mid-point versus the third quarter of 2017.
What TEL projected for 2018
The company expects adjusted EPS of $5.52 to $5.58, reflecting 15 percent growth at the mid-point compared to fiscal year 2017.
Summation - The numbers were better than projections. But in this environment, the market expects beats. The beat was a small beat - and that may be bad.
Disclosure: I am/we are long TEL.