Texas Instruments expected to report Q2 earnings with mixed predictions: growth potential vs market weakness

From Nasdaq: 2024-07-19 10:45:00

Texas Instruments will report Q2 2024 results on Jul 23, expecting revenues between $3.65B-$3.95B and earnings between $1.05-$1.25 per share. Analysts predict revenues of $3.80B and earnings of $1.16 per share. Manufacturing costs and market weakness may impact performance with a 0.00% Earnings ESP and Zacks Rank #4.

Investments in growth avenues are expected to benefit Texas Instruments, with demand in industrial markets driving growth. However, manufacturing costs and market weakness may hinder performance. Analysts predict declines in Analog and Embedded Processing revenues, impacted by macroeconomic uncertainties and geopolitical conflicts.

Stocks worth considering for earnings surprises include Arista Networks (ANET) with an Earnings ESP of +0.95% and Apple (AAPL) with an Earnings ESP of +3.23%. HCA Healthcare (HCA) is also a strong contender with an Earnings ESP of +7.10%. Second-quarter results for these companies are expected to be released in late July and early August.

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Read more at Nasdaq: What’s in Store for Texas Instruments (TXN) in Q2 Earnings?