Teledyne Technologies, Inc. TDY is scheduled to release second-quarter 2020 results on Jul 22, before market open. In the last reported quarter, the company delivered an earnings surprise of 8.57%.Moreover, Teledyne has a four-quarter earnings surprise of 10.64%, on average.Factors at PlayTeledyne has been experiencing some operational challenges in manufacturing and chirping products owing to its policy of maintaining appropriate employee density at the workplace and balancing employee absenteeism in the wake of the novel coronavirus outbreak. It has also been witnessing moderate demand and supply chain issues, which had an approximately $15 million impact on its first-quarter revenues.Considering the fact that the impacts of the COVID-19 pandemic have intensified since then, the headwinds mentioned above are expected to have magnified for Teledyne in the second quarter. Teledyne Technologies Incorporated Price and EPS Surprise Teledyne Technologies Incorporated price-eps-surprise | Teledyne Technologies Incorporated QuoteConsequently, we remain skeptical about the company’s earnings and revenue performance in the yet-to-be-reported quarter. Moreover, management had earlier projected its sales from commercial aviation market to reflect weak numbers during the second quarter and rest of 2020.Notably, the Zacks Consensus Estimate for Teledyne’s second-quarter revenues is pegged at $756.6MILLION, which indicates a drop of 3.3% from the year-ago quarter’s reported figure.The expected revenue decline along with segmental operating margin deterioration is likely to have impacted the company’s second quarter bottom line. The Zacks Consensus Estimate for second-quarter earnings per share is pegged at $2.02, which indicates decline of 27.9% from the year-ago quarter’s reported figure.Earnings WhispersOur proven model does not conclusively predict an earnings beat for Teledyne Technologies this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that is not the case here.Earnings ESP: The company’s Earnings ESP is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.Zacks Rank: Teledyne carries a Zacks Rank #2 currently. You can see the complete list of today’s Zacks #1 Rank stocks here.Upcoming Defense ReleasesLockheed Martin LMT will release its second-quarter 2020 results on Jul 21.Boeing BA will release its second-quarter 2020 results on Jul 29.Northrop Grumman NOC will release its second-quarter 2020 results on Jul 30.Biggest Tech Breakthrough in a GenerationBe among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.See 8 breakthrough stocks now>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Northrop Grumman Corporation (NOC): Free Stock Analysis Report The Boeing Company (BA): Free Stock Analysis Report Lockheed Martin Corporation (LMT): Free Stock Analysis Report Teledyne Technologies Incorporated (TDY): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research