Benzinga | Jan 26, 2022 07:23AM EST

TE Connectivity: Q1 Earnings Insights



TE Connectivity (NYSE:TEL) reported its Q1 earnings results on Wednesday, January 26, 2022 at 06:00 AM.

Here's what investors need to know about the announcement.

Earnings

TE Connectivity beat estimated earnings by 10.0%, reporting an EPS of $1.76 versus an estimate of $1.6, which did not surprise analysts.

Revenue was up $296.00 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.05, which was followed by a 1.64% increase in the share price the next day.

Here's a look at TE Connectivity's past performance:



Quarter Q4 2021 Q3 2021 Q2 2021 Q1 2021EPS Estimate 1.64 1.58 1.48 1.28EPS Actual 1.69 1.79 1.57 1.47Revenue Estimate 3.78B 3.74B 3.52B 3.26BRevenue Actual 3.82B 3.85B 3.74B 3.52B

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

TE Connectivity management provided guidance for their next quarter, expecting earnings between $1.7 and $1.7 per share for the next quarter.

This represents a -3.41% in quarter-over-quarter growth for TE Connectivity, a bearish signal to many investors.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.