We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
What Awaits GOOGL, ROVI & Other Internet Stocks Q2 Earnings?
Read MoreHide Full Article
Yesterday, some of the bellwethers in the Technology sector like Apple and Twitter came up with quarterly results. Apple’s third-quarter fiscal 2016 earnings as well as revenues managed to surpass the respective Zacks Consensus Estimate in spite of soft comps in China. Twitter’s second-quarter 2016 results, on the other hand, were a mixed bag, wherein its bottom line fared better than the Zacks Consensus Estimate but the top line missed the same.
With the Q2 earnings cycle picking up pace, the technology sector is poised to grab the limelight with major Internet companies scheduled to report earnings this week.
Just like other sectors, technology too will be impacted by global growth concerns, a strengthening dollar and market volatility. An added concern is Britain’s decision to exit the European Union. As a result of these factors, total earnings in the tech sector are expected to be down 3% on 2.7% higher revenues, which would follow last quarter’s 4.5% earnings decline on 0.4% higher revenues.
Of the companies slated to reveal quarterly figures this week, let’s see what’s in store for these four Internet stocks, all of which are scheduled to release financial figures on Jul 28.
Formerly known as Google Inc., Alphabet Inc. (GOOGL - Free Report) offers web-based search, advertisements, maps, software applications, mobile operating systems, consumer content, enterprise solutions, commerce and hardware products through its subsidiaries.
For the quarter, Alphabet has an Earnings ESP of +0.93% and a Zacks Rank #3 (Hold). The Zacks Consensus Estimate for the quarter is pegged at $6.47. Last quarter, the company posted a negative earnings surprise of 5.35%. Notably, Alphabet has underperformed the Zacks Consensus Estimate thrice in the four trailing quarters, with an average negative earnings surprise of 2.78%. (Read more: Alphabet Stock Q2 Earnings Preview: Will It Beat?)
Rovi Corp. , erstwhile Macrovision Solutions Corporation, provides a set of solutions that enable businesses to protect, enable and distribute their digital goods to consumers and allows consumers to discover and manage digital media across multiple channels.
For the quarter, Rovi has an Earnings ESP of 0.00% and a Zacks Rank #3. The Zacks Consensus Estimate for the quarter is pegged at 23 cents. Last quarter, the company posted a positive earnings surprise of 84.62%. Notably, Rovi has outperformed the Zacks Consensus Estimate thrice in the trailing four quarters, with an average positive earnings surprise of 41.65%.
MobileIron Inc. specializes in providing security and management solutions for mobile applications, content, and devices. For the quarter, MobileIron has an Earnings ESP of 0.00% and a Zacks Rank #3.
The Zacks Consensus Estimate for the quarter is pegged at a loss of 25 cents. Last quarter, the company posted a loss of 23 cents per share, in-line with the Zacks Consensus Estimate. Notably, in the trailing four quarters, MobileIron has missed the Zacks Consensus Estimate twice, met the same on one occasion and beat it on the other, resulting in an average negative earnings surprise of 0.25%. (Read more: What to Expect from MobileIron in Q2 Earnings?)
Blucora Inc. offers internet-based solutions to consumers and business partners. For the quarter, Blucora has an Earnings ESP of 0.00% and a Zacks Rank #3. The Zacks Consensus Estimate for the quarter is pegged at 12 cents.
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 >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
What Awaits GOOGL, ROVI & Other Internet Stocks Q2 Earnings?
Yesterday, some of the bellwethers in the Technology sector like Apple and Twitter came up with quarterly results. Apple’s third-quarter fiscal 2016 earnings as well as revenues managed to surpass the respective Zacks Consensus Estimate in spite of soft comps in China. Twitter’s second-quarter 2016 results, on the other hand, were a mixed bag, wherein its bottom line fared better than the Zacks Consensus Estimate but the top line missed the same.
With the Q2 earnings cycle picking up pace, the technology sector is poised to grab the limelight with major Internet companies scheduled to report earnings this week.
Just like other sectors, technology too will be impacted by global growth concerns, a strengthening dollar and market volatility. An added concern is Britain’s decision to exit the European Union. As a result of these factors, total earnings in the tech sector are expected to be down 3% on 2.7% higher revenues, which would follow last quarter’s 4.5% earnings decline on 0.4% higher revenues.
Of the companies slated to reveal quarterly figures this week, let’s see what’s in store for these four Internet stocks, all of which are scheduled to release financial figures on Jul 28.
Formerly known as Google Inc., Alphabet Inc. (GOOGL - Free Report) offers web-based search, advertisements, maps, software applications, mobile operating systems, consumer content, enterprise solutions, commerce and hardware products through its subsidiaries.
For the quarter, Alphabet has an Earnings ESP of +0.93% and a Zacks Rank #3 (Hold). The Zacks Consensus Estimate for the quarter is pegged at $6.47. Last quarter, the company posted a negative earnings surprise of 5.35%. Notably, Alphabet has underperformed the Zacks Consensus Estimate thrice in the four trailing quarters, with an average negative earnings surprise of 2.78%. (Read more: Alphabet Stock Q2 Earnings Preview: Will It Beat?)
ALPHABET INC-A Price and EPS Surprise
ALPHABET INC-A Price and EPS Surprise | ALPHABET INC-A Quote
Rovi Corp. , erstwhile Macrovision Solutions Corporation, provides a set of solutions that enable businesses to protect, enable and distribute their digital goods to consumers and allows consumers to discover and manage digital media across multiple channels.
For the quarter, Rovi has an Earnings ESP of 0.00% and a Zacks Rank #3. The Zacks Consensus Estimate for the quarter is pegged at 23 cents. Last quarter, the company posted a positive earnings surprise of 84.62%. Notably, Rovi has outperformed the Zacks Consensus Estimate thrice in the trailing four quarters, with an average positive earnings surprise of 41.65%.
ROVI CORP Price and EPS Surprise
ROVI CORP Price and EPS Surprise | ROVI CORP Quote
MobileIron Inc. specializes in providing security and management solutions for mobile applications, content, and devices. For the quarter, MobileIron has an Earnings ESP of 0.00% and a Zacks Rank #3.
The Zacks Consensus Estimate for the quarter is pegged at a loss of 25 cents. Last quarter, the company posted a loss of 23 cents per share, in-line with the Zacks Consensus Estimate. Notably, in the trailing four quarters, MobileIron has missed the Zacks Consensus Estimate twice, met the same on one occasion and beat it on the other, resulting in an average negative earnings surprise of 0.25%. (Read more: What to Expect from MobileIron in Q2 Earnings?)
MOBILE IRON INC Price and EPS Surprise
MOBILE IRON INC Price and EPS Surprise | MOBILE IRON INC Quote
Blucora Inc. offers internet-based solutions to consumers and business partners. For the quarter, Blucora has an Earnings ESP of 0.00% and a Zacks Rank #3. The Zacks Consensus Estimate for the quarter is pegged at 12 cents.
BLUCORA INC Price and EPS Surprise
BLUCORA INC Price and EPS Surprise | BLUCORA INC Quote
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 >>