Keysight expects Q4 revenue between $1.93 bln and $1.95 bln
Company sees Q4 non-GAAP EPS between $3.34 and $3.40
Q4 revenue guidance midpoint implies about 37% year-over-year growth
Overview
U.S. test equipment maker's preliminary Q3 revenue grew 36% yr/yr, beating analyst expectations
Adjusted EPS for preliminary Q3 beat analyst expectations
Company's Q3 cash flow from operations was $437 mln, compared with $322 mln last year
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$1.85 bln
$1.74 bln (10 Analysts)
Q3 Adjusted EPS
Beat
$3.07
$2.48 (10 Analysts)
Q3 EPS
$2.30
Q3 Adjusted Net Income
Beat
$531 mln
$421.79 mln (9 Analysts)
Q3 Net Income
$397 mln
Q3 Orders
$2.09 bln
Result drivers
Commercial communications growth - Co said 56% revenue growth in commercial communications drove strong Q3 results
- Co said 21% revenue growth in Electronic Industrial Solutions Group was driven by demand across semiconductor, general electronics, and automotive and energy markets
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the industrial machinery & equipment peer group is "buy"
Wall Street's median 12-month price target for Keysight Technologies, Inc. is $396.00, about 9.6% above its August 17 closing price of $361.15
The stock recently traded at 31 times the next 12-month earnings vs. a P/E of 36 three months ago
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