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Telecom Stocks' Earnings on Aug 9: HLIT, VSAT, HEAR, TWER
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With the earnings season drawing to a close, the overall earnings growth is still negative. As more companies report their quarterly numbers, the predictions of this quarter being the fifth straight quarter of an earnings decline seems more pertinent. As per the recent Earnings Preview, 433 out of the total S&P 500 member companies’ earnings have declined by 4.1% owing to 0.9% lower revenues. Moreover, we anticipate that earnings for the quarter will be down 3.5% from the same period last year on 0.4% lower revenues. Additionally, the third-quarter estimates are on a downward spiral too, which indicates that the ongoing earnings recession may not end this quarter. However, we expect the effects of this downturn to subside in the upcoming quarter and meaningful earnings growth to resume thereon.
Focus on Telecom Stocks:
The telecom industry – which comprises telecom operators and equipment manufacturers, is likely to witness reasonable growth through 2016. We believe that continuous advancement in technologies and adoption of newer business models are aiding this industry to improve its revenues.
We focus on four telecom stocks that are scheduled to report their quarterly financial results on Aug 9.
Harmonic Inc. (HLIT - Free Report) is a manufacturer of digital and fiber optic systems for delivering video, voice and data services over cable, satellite, telephone, and wireless networks. The company, scheduled to release its second-quarter 2016 results, has a Zacks Rank #3 (Hold) and an Earnings ESP of 0.00%. This is because both Most Accurate estimate and the Zacks Consensus Estimate are pegged at a loss of 8 cents. We remind our investors that a combination of Zacks Rank #3 or better with a positive Earnings ESP makes us confident of an earnings beat. However, Harmonic's Earnings ESP of 0.00% makes a surprise prediction difficult.
ViaSat Inc. (VSAT - Free Report) designs, produces and markets advanced digital satellite telecommunications along with other networking and signal processing equipment. The company, scheduled to release its first-quarter fiscal 2017 results, has a Zacks Rank #3 and an Earnings ESP of 0.00%. This is because both Most Accurate estimate and the Zacks Consensus Estimate stand at 15 cents. As per our model, this combination of ViaSat doesn’t conclusively show that it is likely to beat the Zacks Consensus Estimate this quarter.
Turtle Beach Corporation (HEAR - Free Report) is an audio technology company. It designs audio products for consumer, commercial and healthcare markets. The company, scheduled to release its second-quarter 2016 results, has a Zacks Rank #3 and an Earnings ESP of 0.00%.This is because both Most Accurate estimate and the Zacks Consensus Estimate are pegged at a loss of 24 cents. As stated above, we need a positive Earnings ESP to be confident of an earnings beat and hence Turtle Beach doesn’t conclusively show that it is likely to beat the Zacks Consensus Estimate this quarter.
Towerstream Corporation (TWER - Free Report) is a leading fixed wireless service provider in the U.S., delivering high-speed Internet access to businesses. The company, scheduled to release its second-quarter 2016 results, has a Zacks Rank #3 and an Earnings ESP of 0.00%. This is because both Most Accurate estimate and the Zacks Consensus Estimate are pegged at a loss of $1.60. Such a combination dims hopes of an earnings beat this quarter.
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Telecom Stocks' Earnings on Aug 9: HLIT, VSAT, HEAR, TWER
With the earnings season drawing to a close, the overall earnings growth is still negative. As more companies report their quarterly numbers, the predictions of this quarter being the fifth straight quarter of an earnings decline seems more pertinent. As per the recent Earnings Preview, 433 out of the total S&P 500 member companies’ earnings have declined by 4.1% owing to 0.9% lower revenues. Moreover, we anticipate that earnings for the quarter will be down 3.5% from the same period last year on 0.4% lower revenues. Additionally, the third-quarter estimates are on a downward spiral too, which indicates that the ongoing earnings recession may not end this quarter. However, we expect the effects of this downturn to subside in the upcoming quarter and meaningful earnings growth to resume thereon.
Focus on Telecom Stocks:
The telecom industry – which comprises telecom operators and equipment manufacturers, is likely to witness reasonable growth through 2016. We believe that continuous advancement in technologies and adoption of newer business models are aiding this industry to improve its revenues.
We focus on four telecom stocks that are scheduled to report their quarterly financial results on Aug 9.
Harmonic Inc. (HLIT - Free Report) is a manufacturer of digital and fiber optic systems for delivering video, voice and data services over cable, satellite, telephone, and wireless networks. The company, scheduled to release its second-quarter 2016 results, has a Zacks Rank #3 (Hold) and an Earnings ESP of 0.00%. This is because both Most Accurate estimate and the Zacks Consensus Estimate are pegged at a loss of 8 cents. We remind our investors that a combination of Zacks Rank #3 or better with a positive Earnings ESP makes us confident of an earnings beat. However, Harmonic's Earnings ESP of 0.00% makes a surprise prediction difficult.
HARMONIC INC Price and EPS Surprise
HARMONIC INC Price and EPS Surprise | HARMONIC INC Quote
ViaSat Inc. (VSAT - Free Report) designs, produces and markets advanced digital satellite telecommunications along with other networking and signal processing equipment. The company, scheduled to release its first-quarter fiscal 2017 results, has a Zacks Rank #3 and an Earnings ESP of 0.00%. This is because both Most Accurate estimate and the Zacks Consensus Estimate stand at 15 cents. As per our model, this combination of ViaSat doesn’t conclusively show that it is likely to beat the Zacks Consensus Estimate this quarter.
VIASAT INC Price and EPS Surprise
VIASAT INC Price and EPS Surprise | VIASAT INC Quote
Turtle Beach Corporation (HEAR - Free Report) is an audio technology company. It designs audio products for consumer, commercial and healthcare markets. The company, scheduled to release its second-quarter 2016 results, has a Zacks Rank #3 and an Earnings ESP of 0.00%.This is because both Most Accurate estimate and the Zacks Consensus Estimate are pegged at a loss of 24 cents. As stated above, we need a positive Earnings ESP to be confident of an earnings beat and hence Turtle Beach doesn’t conclusively show that it is likely to beat the Zacks Consensus Estimate this quarter.
TURTLE BEACH CP Price and EPS Surprise
TURTLE BEACH CP Price and EPS Surprise | TURTLE BEACH CP Quote
Towerstream Corporation (TWER - Free Report) is a leading fixed wireless service provider in the U.S., delivering high-speed Internet access to businesses. The company, scheduled to release its second-quarter 2016 results, has a Zacks Rank #3 and an Earnings ESP of 0.00%. This is because both Most Accurate estimate and the Zacks Consensus Estimate are pegged at a loss of $1.60. Such a combination dims hopes of an earnings beat this quarter.
TOWERSTREAM CP Price and EPS Surprise
TOWERSTREAM CP Price and EPS Surprise | TOWERSTREAM CP Quote
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