Why Texas Instruments Could Beat Earnings Estimates Again
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Texas Instruments (NASDAQ: TXN), which belongs to the Zacks Semiconductor – General industry.
When looking at the last two reports, this chipmaker has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 9.19%, on average, in the last two quarters.
For the last reported quarter, Texas Instruments came out with earnings of $1.22 per share versus the Zacks Consensus Estimate of $1.16 per share, representing a surprise of 5.17%. For the previous quarter, the company was expected to post earnings of $1.06 per share and it actually produced earnings of $1.20 per share, delivering a surprise of 13.21%.
With this earnings history in mind, recent estimates have …
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