The Q2 earnings season is in full swing with results from 317 S&P 500 members, representing 73.5% of the index’s total market capitalization, already out.

So far, total earnings of these 317 index members are down 3.3% year over year on 0.9% lower revenues. However, 72.9% of the companies have managed to beat EPS estimates while 53.6% have exceeded top-line expectations.

Results in the Technology sector have been notably better than expected. In this space, we already have Q2 results from 84.6% of the sector’s total market capitalization in the S&P 500 index. So far, total earnings are down 0.9% year over year in spite of 2.1% higher revenues, with 83.3% of the companies beating EPS estimates and 77.8% beating revenue expectations.

This week some leading Electronics companies are slated to release earnings. These include Fitbit Inc. , Fortive Corporation (FTV Quick QuoteFTV - Free Report) , Stoneridge Inc. (SRI Quick QuoteSRI - Free Report) and Intricon Corp. , all of which will report on Aug 2.

Fitbit manufactures and markets wearable fitness-tracking devices.

For the second quarter, this stock has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 4 cents. The company carries a Zacks Rank #4 (Sell).

Last quarter, Fitbit posted a positive surprise of 175.00%. Notably, the company’s earnings exceeded the Zacks Consensus Estimate in each of the preceding four quarters with an average positive surprise of 167.86%.

Last quarter, product innovation, expansion of global distribution, network effects of the Fitbit community and prudent investments were the main growth drivers.

The company entered into a strategic partnership with Alibaba, the largest retailer in the world, to target millions of Chinese consumers through Alibaba’s TMall platform.

For the second quarter, the company had planned heavy investments in research and development, sales and marketing and consumer engagement features.

FITBIT INC Price and EPS Surprise

FITBIT INC Price and EPS Surprise | FITBIT INC Quote

Fortive and its subsidiaries manufacture and market industrial products such as field instrumentation, product realization, sensing, automation and specialty solutions.

For the second quarter, this Zacks Rank #3 (Hold) stock has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 61 cents.

FORTIVE CORP Price and EPS Surprise

FORTIVE CORP Price and EPS Surprise | FORTIVE CORP Quote

Stoneridge is an independent designer and manufacturer of highly engineered electrical and electronic components, modules and systems for the automotive, medium and heavy-duty truck, and agricultural vehicle markets.

For the second quarter, this Zacks Rank #3 stock has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 31 cents.

Last quarter, Stoneridge posted a positive surprise of 24.00%. The company’s earnings exceeded the Zacks Consensus Estimate in each of the preceding four quarters with the average positive surprise being 24.65%.

STONERIDGE INC Price and EPS Surprise

STONERIDGE INC Price and EPS Surprise | STONERIDGE INC Quote

Intricon designs, develops, engineers and manufactures microminiaturized medical and electronic products.

For the second quarter, this Zacks Rank #3 stock has an Earnings ESP of 0.00% . The Zacks Consensus Estimate is pegged at a loss of 20 cents.

Last quarter, Intricon posted a negative surprise of 100.00%. The company’s earnings exceeded the Zacks Consensus Estimate once in the preceding four quarters and it has an average negative surprise of 25.64`%.

INTRICON CORP Price and EPS Surprise

INTRICON CORP Price and EPS Surprise | INTRICON CORP Quote

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