Published on 3 Feb 2024 on Zacks via Yahoo Finance
TE Connectivity Ltd. (TEL) Soars to 52-Week High, Time to Cash Out?
Have you been paying attention to shares of TE Connectivity (TEL)? Shares have been on the move with the stock up 4.5% over the past month. The stock hit a new 52-week high of $146.84 in the previous session. TE Connectivity has gained 3.4% since the start of the year compared to the 63.2% move for the Zacks Computer and Technology sector and the 20.6% return for the Zacks Electronics - Miscellaneous Components industry.
What's Driving the Outperformance?
The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on January 24, 2024, TE Connectivity reported EPS of $1.84 versus consensus estimate of $1.72 while it missed the consensus revenue estimate by 1.44%.