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As you might know, Teledyne Technologies Incorporated (NYSE:TDY) recently reported its first-quarter numbers. Teledyne Technologies reported in line with analyst predictions, delivering revenues of US$1.4b and statutory earnings per share of US$3.99, suggesting the business is executing well and in line with its plan. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.
Taking into account the latest results, the current consensus from Teledyne Technologies' eleven analysts is for revenues of US$6.04b in 2025. This would reflect an okay 4.7% increase on its revenue over the past 12 months. Statutory per share are forecast to be US$17.86, approximately in line with the last 12 months. Before this earnings report, the analysts had been forecasting revenues of US$6.05b and earnings per share (EPS) of US$18.06 in 2025. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.
Check out our latest analysis for Teledyne Technologies
The analysts reconfirmed their price target of US$559, showing that the business is executing well and in line with expectations. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. The most optimistic Teledyne Technologies analyst has a price target of US$600 per share, while the most pessimistic values it at US$521. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth.
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Teledyne Technologies' past performance and to peers in the same industry. We would highlight that Teledyne Technologies' revenue growth is expected to slow, with the forecast 6.3% annualised growth rate until the end of 2025 being well below the historical 13% p.a. growth over the last five years. Compare this to the 183 other companies in this industry with analyst coverage, which are forecast to grow their revenue at 7.1% per year. Factoring in the forecast slowdown in growth, it looks like Teledyne Technologies is forecast to grow at about the same rate as the wider industry.