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Telecom Stocks to Watch for Q3 Earnings on Oct 25: GLW, JNPR
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The Q3 earning season so far has seen better earnings and revenue growth than in the past few quarters. Notably, a larger number of companies are beating street estimates, with the Finance sector leading the way. Given the rosy earnings picture, this earnings season is on track to be the first quarter to record positive earnings growth after 5 quarters of back-to-back declines. As per our Earnings Preview, the aggregate Q3 earnings are now expected to be up 0.1% from the same period last year on the back of 1.5% higher revenues. Moreover, we expect the trend to continue in the upcoming quarters.
Telecom Stocks in Focus
The U.S. telecommunications industry is expected to see reasonable growth through 2016. This industry has lately emerged as an intensely contested space where the key catalysts to success are technical superiority, the quality of services and scalability. Despite fierce competition, uninterrupted advancement in telecom technologies has helped telecom operators and equipment manufacturers adopt newer business models in order to improve revenues.
Let us take a look at a few stocks related to the telecom services sector that are due to report earnings on Oct 25.
Corning Incorporated (GLW - Free Report) manufactures optical fiber, cable and photonic products for the telecommunications industry; and high-performance displays and components for television and other communications-related industries. At present, Coring has a Zacks Rank #4 (Sell).
The stock has an Earnings ESP of -2.63% as the Most Accurate estimate is pegged at 37 cents while the Zacks Consensus Estimate is at 38 cents. Please note that we caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions momentum (read more: What's in Store for Corning (GLW - Free Report) this Earnings Season?).
Juniper Networks Inc. (JNPR - Free Report) is a provider of Internet infrastructure solutions to Internet service providers and other telecommunications service operators. The stock has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 41 cents. Though the company’s Zacks Rank #3 (Hold) increases the predictive power of ESP, its 0.00% ESP makes surprise prediction difficult. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here(read more: What's in Store for Juniper (JNPR - Free Report) this Earnings Season?)
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Telecom Stocks to Watch for Q3 Earnings on Oct 25: GLW, JNPR
The Q3 earning season so far has seen better earnings and revenue growth than in the past few quarters. Notably, a larger number of companies are beating street estimates, with the Finance sector leading the way. Given the rosy earnings picture, this earnings season is on track to be the first quarter to record positive earnings growth after 5 quarters of back-to-back declines. As per our Earnings Preview, the aggregate Q3 earnings are now expected to be up 0.1% from the same period last year on the back of 1.5% higher revenues. Moreover, we expect the trend to continue in the upcoming quarters.
Telecom Stocks in Focus
The U.S. telecommunications industry is expected to see reasonable growth through 2016. This industry has lately emerged as an intensely contested space where the key catalysts to success are technical superiority, the quality of services and scalability. Despite fierce competition, uninterrupted advancement in telecom technologies has helped telecom operators and equipment manufacturers adopt newer business models in order to improve revenues.
Let us take a look at a few stocks related to the telecom services sector that are due to report earnings on Oct 25.
Corning Incorporated (GLW - Free Report) manufactures optical fiber, cable and photonic products for the telecommunications industry; and high-performance displays and components for television and other communications-related industries. At present, Coring has a Zacks Rank #4 (Sell).
The stock has an Earnings ESP of -2.63% as the Most Accurate estimate is pegged at 37 cents while the Zacks Consensus Estimate is at 38 cents. Please note that we caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions momentum (read more: What's in Store for Corning (GLW - Free Report) this Earnings Season?).
CORNING INC Price and Consensus
CORNING INC Price and Consensus | CORNING INC Quote
Juniper Networks Inc. (JNPR - Free Report) is a provider of Internet infrastructure solutions to Internet service providers and other telecommunications service operators. The stock has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 41 cents. Though the company’s Zacks Rank #3 (Hold) increases the predictive power of ESP, its 0.00% ESP makes surprise prediction difficult. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here (read more: What's in Store for Juniper (JNPR - Free Report) this Earnings Season?)
JUNIPER NETWRKS Price and Consensus
JUNIPER NETWRKS Price and Consensus | JUNIPER NETWRKS Quote
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Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>