Teradyne (TER) stock closed at $193.37, down -5.2% from the previous day. The stock outperformed the S&P 500, which fell 1.07%. Teradyne has risen 20.27% in the past month, leading the Computer and Technology sector. Analysts project a 43.16% increase in EPS and 28.85% revenue growth for the upcoming earnings report.

Analysts project Teradyne’s full-year earnings to be $3.51 per share with revenue of $3.05 billion, up by 9.01% and 8.06% respectively from last year. Positive analyst estimates indicate a favorable business outlook. The Zacks Rank system shows a 1.41% rise in EPS estimates over the past month, with Teradyne currently rated #2 (Buy).

Teradyne’s Forward P/E ratio stands at 58.13, higher than the industry average of 24.48. The stock’s PEG ratio of 2.13 suggests a premium to industry peers. The Electronics – Miscellaneous Products industry, where Teradyne belongs, has a Zacks Industry Rank of 59, placing it in the top 24% of all industries.

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Read more at Nasdaq: Why Teradyne (TER) Dipped More Than Broader Market Today