Analyst Consensus ?
ConsensusBuy17 ratings
Bullish1270.6%
Neutral423.5%
Bearish15.9%
Teledyne Technologies Incorporated · TDY · FY2024 Q3 · Calendar Q4 2024
Teledyne raises EPS outlook as defense and energy demand drive record Q3 sales
The quarter supports a constructive operating thesis for Teledyne: record sales, a record backlog, raised full-year GAAP EPS guidance, and strong cash deployment indicate resilient demand in defense, space, and energy. The evidence is balanced by uncertainty in short-cycle markets and exposure to aerospace, oil prices, and weaker sensor and environmental businesses.
Reported Before market openNYSETechnology
$29.28B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$5.10
Consensus $4.97
EPS surprise
+2.6%
Reported versus consensus
Reported revenue
$1.44B
Consensus $1.42B
Revenue surprise
+1.9%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+6.0%
Event window
SPY move
-0.9%
Same window
Abnormal move
+6.9%
Stock minus SPY
Volume
2.4×
Versus trailing sessions
Subsequent drift
+0.1%
Up to 20 sessions
TDYSPY benchmark
Ask FN2 about TDY FY2024 Q3
Transcript, numbers and history already loaded
Why did TDY rise 6.0% after beating EPS estimates in FY2024 Q3?What changed in TDY's guidance and outlook in FY2024 Q3?Give me the bull and bear case for TDY after FY2024 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior-quarter analysis, the current quarter showed sequential growth in every segment, a raised full-year GAAP EPS outlook, orders exceeding sales for a fourth consecutive quarter, and additional cash deployment through repurchases and debt reduction. Management also reported two acquisitions completed during the quarter and continued acquisition plans.
Guidance delta
Full-year GAAP EPS guidance was raised; the supplied analysis does not provide the revised guidance figures.
Key takeaways
- Record third-quarter sales reflected sequential growth in every segment, with defense, space, and energy among the primary growth drivers.
- Management said orders exceeded sales for the fourth consecutive quarter, producing a record backlog.
- Cash generation supported $354 million of year-to-date stock repurchases and $450 million of gross debt repayment.
- FLIR performance and cost reductions helped protect digital-imaging margins while short-cycle markets began to recover.
Management priorities
- Pursue further acquisitions, targeting $50 million-$0.5 billion deals.
- Continue the disciplined stock-repurchase program and cost discipline.
- Invest in new UAV and counter-UAS product launches.
- Expand defense and space program wins while supporting marine and offshore-energy opportunities.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$629.86Current
$465Low
$676.92Average
$830High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 21, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Needham | Buy | Buy | Maintain | Sep 15, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Aug 13, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | Jul 24, 2026 |
| Stifel | Buy | Buy | Maintain | Jul 23, 2026 |
| Citigroup | Neutral | Neutral | Maintain | Jul 1, 2026 |
| Jefferies | Buy | Buy | Maintain | Feb 23, 2026 |
| UBS | Buy | Buy | Maintain | Jul 24, 2025 |
| TD Securities | Buy | Buy | Maintain | Apr 24, 2025 |
| B of A Securities | Buy | Buy | Maintain | Mar 17, 2025 |
| TD Cowen | Buy | Buy | Maintain | Oct 24, 2024 |
| Goldman Sachs | Buy | Neutral | Upgrade | Aug 14, 2023 |
| Credit Suisse | Outperform | Outperform | Maintain | Jul 27, 2023 |
| Cowen & Co. | Outperform | Outperform | Maintain | Jul 30, 2021 |
| CL King | Neutral | Buy | Downgrade | Jul 6, 2016 |
| KeyBanc | Underweight | Hold | Downgrade | Jan 15, 2015 |
| Stifel Nicolaus | Buy | Buy | Maintain | Oct 21, 2013 |
| Drexel Hamilton | Buy | Hold | Upgrade | Jul 12, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $629.86. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Needham | Analyst unavailable | $760 | $597.11 | +20.7% | Sep 15, 2026 |
| Morgan Stanley | Analyst unavailable | $715 | $686.49 | +13.5% | Aug 13, 2026 |
| Jefferies | Sheila Kahyaoglu | $830 | $655.35 | +31.8% | Jul 26, 2026 |
| Barclays | Analyst unavailable | $640 | $651.22 | +1.6% | Jul 24, 2026 |
| Stifel Nicolaus | Jonathan Siegmann | $775 | $662.6 | +23.0% | Jul 23, 2026 |
| Needham | James Ricchiuti | $750 | $650.5 | +19.1% | Jul 23, 2026 |
| Goldman Sachs | Analyst unavailable | $465 | $652.08 | -26.2% | Jul 6, 2026 |
| Jefferies | Greg Konrad | $775 | $640.33 | +23.0% | May 3, 2026 |
| Barclays | Analyst unavailable | $614 | $651.75 | -2.5% | Apr 24, 2026 |
| Stifel Nicolaus | Analyst unavailable | $750 | $660.81 | +19.1% | Apr 23, 2026 |
| Jefferies | Analyst unavailable | $770 | $672.97 | +22.2% | Feb 23, 2026 |
| Stifel Nicolaus | Jonathan Siegmann | $720 | $628.76 | +14.3% | Jan 22, 2026 |
| Barclays | Analyst unavailable | $599 | $621.79 | -4.9% | Jan 22, 2026 |
| Barclays | Guy Hardwick | $579 | $549.02 | -8.1% | Jan 12, 2026 |
| Needham | Analyst unavailable | $615 | $543.45 | -2.4% | Oct 23, 2025 |
| Stifel Nicolaus | Analyst unavailable | $645 | $543.73 | +2.4% | Oct 23, 2025 |
| Barclays | Analyst unavailable | $584 | $543.73 | -7.3% | Oct 23, 2025 |
| Morgan Stanley | Analyst unavailable | $620 | $571.93 | -1.6% | Oct 15, 2025 |
| Barclays | Analyst unavailable | $606 | $588.57 | -3.8% | Oct 7, 2025 |
| Jefferies | Sheila Kahyaoglu | $550 | $463.6 | -12.7% | Oct 30, 2024 |
| Goldman Sachs | Noah Poponak | $488 | $436.61 | -22.5% | Sep 19, 2024 |
| Needham | James Ricchiuti | $455 | $362.5 | -27.8% | Apr 25, 2024 |
| Goldman Sachs | Noah Poponak | $495 | $402.49 | -21.4% | Aug 14, 2023 |
| Credit Suisse | Analyst unavailable | $503 | $419.8 | -20.1% | Dec 13, 2022 |
| Morgan Stanley | Analyst unavailable | $488 | $405.69 | -22.5% | Dec 12, 2022 |
| Morgan Stanley | Analyst unavailable | $445 | $400 | -29.3% | Aug 16, 2022 |
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Start freeCompany context
Snapshot as of publicationTeledyne Technologies Incorporated develops and supplies advanced technologies primarily for industrial sectors experiencing growth, serving customers across the United States, Canada, the United Kingdom, Belgium, the Netherlands, and other international markets. The company's Instrumentation division provides sophisticated monitoring and control equipment for use in marine environments, environmental management, various industrial processes, and other specialized applications. It also offers electronic tools for testing and measurement, alongside connectivity devices for power and communication within distributed instrumentation setups and sensor networks. Its Digital Imaging segment specializes in a broad range of imaging solutions. This includes visible spectrum sensors and digital cameras vital for industrial machine vision, automated quality control, as well as medical, research, and scientific purposes. Additionally, it offers infrared and X-ray imaging technologies for industrial, governmental, and healthcare applications.…
Historical context
All TDY earningsLatest beats and misses
Who reports nextBeat on EPS
- NLY-PFFY2026 Q3 · October 20, 2026+3.6% EPS— move
- NLY-PGFY2026 Q3 · October 20, 2026+3.6% EPS— move
- NLYFY2026 Q3 · October 20, 2026+3.6% EPS-0.6% move
- CBFY2026 Q3 · October 20, 2026+12.8% EPS-0.4% move
- ISRGFY2026 Q3 · October 20, 2026+13.2% EPS-3.6% move
- SPCXFY2026 Q3 · October 20, 2026+160.0% EPS-0.1% move
Missed on EPS
- PACFY2026 Q3 · October 20, 2026-2.2% EPS+7.1% move
- AGNCZFY2026 Q3 · October 19, 2026-0.6% EPS+0.3% move
- AGNCLFY2026 Q3 · October 19, 2026-0.6% EPS-0.3% move
- AGNCOFY2026 Q3 · October 19, 2026-0.6% EPS+0.3% move
- AGNCPFY2026 Q3 · October 19, 2026-0.6% EPS0.0% move
- AGNCMFY2026 Q3 · October 19, 2026-0.6% EPS-0.3% move
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2024-11-10T18:38:36.707185+00:00
- Polygon adjusted daily market bars · 2026-10-21T15:10:45.645050+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-21T15:10:45.642140+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-21. For educational purposes only; not investment advice.