As you might know, Teledyne Technologies Incorporated (NYSE:TDY) recently reported its first-quarter numbers. Teledyne Technologies reported in line with analyst predictions, delivering revenues of US$1.4b and statutory earnings per share of US$3.99, suggesting the business is executing well and in line with its plan. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

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Taking into account the latest results, the current consensus from Teledyne Technologies' eleven analysts is for revenues of US$6.04b in 2025. This would reflect an okay 4.7% increase on its revenue over the past 12 months. Statutory per share are forecast to be US$17.86, approximately in line with the last 12 months. Before this earnings report, the analysts had been forecasting revenues of US$6.05b and earnings per share (EPS) of US$18.06 in 2025. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

Check out our latest analysis for Teledyne Technologies

The analysts reconfirmed their price target of US$559, showing that the business is executing well and in line with expectations. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. The most optimistic Teledyne Technologies analyst has a price target of US$600 per share, while the most pessimistic values it at US$521. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Teledyne Technologies' past performance and to peers in the same industry. We would highlight that Teledyne Technologies' revenue growth is expected to slow, with the forecast 6.3% annualised growth rate until the end of 2025 being well below the historical 13% p.a. growth over the last five years. Compare this to the 183 other companies in this industry with analyst coverage, which are forecast to grow their revenue at 7.1% per year. Factoring in the forecast slowdown in growth, it looks like Teledyne Technologies is forecast to grow at about the same rate as the wider industry.

The Bottom Line

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. Happily, there were no real changes to revenue forecasts, with the business still expected to grow in line with the overall industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have forecasts for Teledyne Technologies going out to 2027, and you can see them free on our platform here.

You should always think about risks though. Case in point, we've spotted 1 warning sign for Teledyne Technologies you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.