After the close today, we’ll get to see earnings out of Texas Instruments Inc. (NYSE: TXN). The estimates for the company from First Call are $0.43 EPS on $3.28 billion in revenues. Next quarter estimates are $0.48 EPS on $3.44 billion in revenues. Estimates for fiscal Dec-2008 are $1.97 EPS on $13.96 billion in revenues.
Analyst estimates have been coming down gradually during the quarter, and the average analyst target is right around $34.00. Options are a bit hard to use as the expiration date is now nearly a month away, but options traders appear to be braced for a move of up to $1.60 in either direction, close to a 5% move. This chart is an interesting one as shares are only about 10% above current 52-week lows. To top that off, the stock has been stock between $28.00 and $32.00 for most of 2008.
Shares are up almost 3% ahead of the report today, despite a softening mobile market being reported by many carriers. We’ll also be paying attention to the fervor of buybacks as Texas Instruments decided it wanted to retire many shares in 2007.
Jon C. Ogg
April 21, 2008
The #1 Thing to Do Before You Claim Social Security (Sponsor)
Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.
A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.
Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
