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Software Stock Earnings Slated for Aug 9: PCTY, VRNS & More
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We are approaching the end of the Q2 earnings cycle. So far, 433 S&P 500 members, translating to almost 87.7% of the index’s total membership, have released quarterly numbers, giving us a clear earnings picture of every sector except Retail, where a sizable number of companies are yet to report results.
Overall, the picture that has emerged shows that we are headed toward the fifth consecutive quarter of negative earnings growth. Encouragingly though, the rate of decline has slowed down modestly from the previous quarter.
For the Technology sector, total earnings are predicted to inch up 0.2% on 2.7% higher revenues, marking a significant improvement over last quarter’s 4.5% earnings decline on a 0.4% improvement in revenues.
Based on the quarterly results of 88.1% of the Technology sector’s total market cap in the index that have been declared as of Aug 5, the industry has outperformed rather remarkably. Total earnings for these companies have dipped 0.8% on 2.4% higher revenues, with a whopping 83% beating earnings estimates and 74.5% exceeding top-line expectations.
Within the Technology sector, the Computer Software space so far has proven to be one of the best performers, having registered year-over-year earnings growth of 22.3% on 10.5% higher revenues. Moreover, the industry has witnessed a 73.3% earnings beat ratio and an 80% revenue beat ratio.
As of Aug 5, 78.9% of all the companies in the Computer Software space, with a combined industry market capitalization of 94.6%, have released earnings, which means that a handful of companies have yet to report quarterly numbers.
Among the companies lining up to report results this week, let’s find out what’s in the cards for these four Software stocks when they declare results on Aug 9.
Paylocity Holding Corporation (PCTY - Free Report) is set to report its fourth-quarter fiscal 2016 results. The company provides cloud-based payroll and human capital management software solutions for medium-sized organizations.
For the quarter, Paylocity has an Earnings ESP of 0.00% and a Zacks Rank #3 (Hold). The Zacks Consensus Estimate for the quarter is pegged at a loss of 12 cents. Last quarter, the company posted a positive earnings surprise of 116.67%. Notably, Paylocity has surpassed the Zacks Consensus Estimate in all of the four preceding quarters with an average positive surprise of 76.51%. (Read more: What's in the Cards for Paylocity in Q4 Earnings?)
Varonis Systems Inc. (VRNS - Free Report) will report second-quarter 2016 results. The company provides an innovative software platform that allows enterprises to map, analyze, manage and migrate unstructured data.
For the quarter, Varonis 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 26 cents. Last quarter, the company posted a positive earnings surprise of 16.67%. Notably, Varonis has surpassed the Zacks Consensus Estimate in all of the four preceding quarters with an average positive surprise of 38.54%.
Fleetmatics Group Limited is slated to report second-quarter 2016 results. The company provides fleet management solutions for small- and medium-sized businesses, delivered as software-as-a-service. It offers Web-based and mobile application solutions that offer fleet operators better visibility on vehicle location, fuel usage, speed and mileage and other insights into their mobile workforce.
For the quarter, Fleetmatics has an Earnings ESP of 0.00% and a Zacks Rank #3. The Zacks Consensus Estimate for the quarter is pegged at 22 cents. Last quarter, the company posted a negative earnings surprise of 15.79%. Fleetmatics has surpassed the Zacks Consensus Estimate thrice in the four preceding quarters with an average positive surprise of 12.24%.
Bottomline Technologies (de), Inc. is scheduled to report fourth-quarter fiscal 2016 results. The company provides software that creates an e-business infrastructure for use by businesses and financial institutions to present invoices, make payments and conduct electronic banking.
For the quarter, Bottomline Technologies has an Earnings ESP of 0.00% and a Zacks Rank #3. The Zacks Consensus Estimate for the quarter is pegged at 9 cents. Last quarter, the company posted a positive earnings surprise of 11.11%. However, Bottomline Technologies has surpassed the Zacks Consensus Estimate twice, missed the same on one occasion and matched it once in the four preceding quarters with an average positive surprise of 2.78%.
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Software Stock Earnings Slated for Aug 9: PCTY, VRNS & More
We are approaching the end of the Q2 earnings cycle. So far, 433 S&P 500 members, translating to almost 87.7% of the index’s total membership, have released quarterly numbers, giving us a clear earnings picture of every sector except Retail, where a sizable number of companies are yet to report results.
Overall, the picture that has emerged shows that we are headed toward the fifth consecutive quarter of negative earnings growth. Encouragingly though, the rate of decline has slowed down modestly from the previous quarter.
For the Technology sector, total earnings are predicted to inch up 0.2% on 2.7% higher revenues, marking a significant improvement over last quarter’s 4.5% earnings decline on a 0.4% improvement in revenues.
Based on the quarterly results of 88.1% of the Technology sector’s total market cap in the index that have been declared as of Aug 5, the industry has outperformed rather remarkably. Total earnings for these companies have dipped 0.8% on 2.4% higher revenues, with a whopping 83% beating earnings estimates and 74.5% exceeding top-line expectations.
Within the Technology sector, the Computer Software space so far has proven to be one of the best performers, having registered year-over-year earnings growth of 22.3% on 10.5% higher revenues. Moreover, the industry has witnessed a 73.3% earnings beat ratio and an 80% revenue beat ratio.
As of Aug 5, 78.9% of all the companies in the Computer Software space, with a combined industry market capitalization of 94.6%, have released earnings, which means that a handful of companies have yet to report quarterly numbers.
Among the companies lining up to report results this week, let’s find out what’s in the cards for these four Software stocks when they declare results on Aug 9.
Paylocity Holding Corporation (PCTY - Free Report) is set to report its fourth-quarter fiscal 2016 results. The company provides cloud-based payroll and human capital management software solutions for medium-sized organizations.
For the quarter, Paylocity has an Earnings ESP of 0.00% and a Zacks Rank #3 (Hold). The Zacks Consensus Estimate for the quarter is pegged at a loss of 12 cents. Last quarter, the company posted a positive earnings surprise of 116.67%. Notably, Paylocity has surpassed the Zacks Consensus Estimate in all of the four preceding quarters with an average positive surprise of 76.51%. (Read more: What's in the Cards for Paylocity in Q4 Earnings?)
PAYLOCITY HLDG Price and EPS Surprise
PAYLOCITY HLDG Price and EPS Surprise | PAYLOCITY HLDG Quote
Varonis Systems Inc. (VRNS - Free Report) will report second-quarter 2016 results. The company provides an innovative software platform that allows enterprises to map, analyze, manage and migrate unstructured data.
For the quarter, Varonis 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 26 cents. Last quarter, the company posted a positive earnings surprise of 16.67%. Notably, Varonis has surpassed the Zacks Consensus Estimate in all of the four preceding quarters with an average positive surprise of 38.54%.
VARONIS SYSTEMS Price and EPS Surprise
VARONIS SYSTEMS Price and EPS Surprise | VARONIS SYSTEMS Quote
Fleetmatics Group Limited is slated to report second-quarter 2016 results. The company provides fleet management solutions for small- and medium-sized businesses, delivered as software-as-a-service. It offers Web-based and mobile application solutions that offer fleet operators better visibility on vehicle location, fuel usage, speed and mileage and other insights into their mobile workforce.
For the quarter, Fleetmatics has an Earnings ESP of 0.00% and a Zacks Rank #3. The Zacks Consensus Estimate for the quarter is pegged at 22 cents. Last quarter, the company posted a negative earnings surprise of 15.79%. Fleetmatics has surpassed the Zacks Consensus Estimate thrice in the four preceding quarters with an average positive surprise of 12.24%.
FLEETMATICS GRP Price and EPS Surprise
FLEETMATICS GRP Price and EPS Surprise | FLEETMATICS GRP Quote
Bottomline Technologies (de), Inc. is scheduled to report fourth-quarter fiscal 2016 results. The company provides software that creates an e-business infrastructure for use by businesses and financial institutions to present invoices, make payments and conduct electronic banking.
For the quarter, Bottomline Technologies has an Earnings ESP of 0.00% and a Zacks Rank #3. The Zacks Consensus Estimate for the quarter is pegged at 9 cents. Last quarter, the company posted a positive earnings surprise of 11.11%. However, Bottomline Technologies has surpassed the Zacks Consensus Estimate twice, missed the same on one occasion and matched it once in the four preceding quarters with an average positive surprise of 2.78%.
BOTTOMLINE TECH Price and EPS Surprise
BOTTOMLINE TECH Price and EPS Surprise | BOTTOMLINE TECH Quote
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