Teledyne Technologies (TDY) is in a potential buying zone ahead of its next quarterly report, expected on Jan. 31.
The stock is approximately 3% above a 186.64 buy point from a second-stage flat base.
X Understand that buying a stock close to earnings is risky, since an EPS or sales miss could send it sharply lower. You can minimize your risk by waiting to see the actual numbers and the market's reaction.
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In terms of revenue and profits, the company has posted rising EPS growth in each of the last three reports. Top line growth has also moved higher during the same period.
Consensus analyst estimates call for earnings-per-share growth of 25% for the quarter, and 20% growth for the full year. Annual earnings-per-share estimates were recently revised upward.
The company has a 99 Composite Rating and holds the No. 1 rank among its peers in the Aerospace/Defense industry group. Heico (HEIA) and Teledyne Technologies (TDY) are also among the group's highest-rated stocks.
Note: Dates for earnings reports are subject to change. Check the company's website for any updates.
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