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Internet Stocks Earnings Slated on Nov 3: PCTY, FEYE & More
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The earnings reporting cycle for the third quarter is in full swing, with results of over 1000 companies including 130 S&P 500 members scheduled to be out this week.
Per the latest Earnings Outlook report, as of Nov 1, out of the 332 S&P 500 companies that have come up with their quarterly numbers, approximately 72.9% posted positive earnings surprises, while 55.4% beat top-line expectations. According to the report, earnings of these companies are up 1.9% from the same period last year, while revenues have increased 1.3%.
The trend this earnings season indicates that we may finally see a positive earnings picture after five straight quarters of decline. The report projects that earnings for the total S&P 500 companies will improve 2.1% from the year-ago period, while total revenue will grow 1.4%. We will have a clearer picture by the end of this week.
Talking about the technology sector, per the Earnings Outlook report, as of Nov 1, 73.4% of the sector’s total market capitalization in the S&P 500 index has already reported results. Total earnings of these tech companies are up 0.8% from the same period last year on 1.3% higher revenues, with 83.8% beating earnings estimates and 73% surpassing revenue expectations.
Let’s see what’s in store for four Internet stocks, all of which are expected to release quarterly numbers on Nov 3.
Paylocity Holding Corporation (PCTY - Free Report) , which provides cloud-based payroll and human capital management software solutions for medium-sized organizations, will report first-quarter fiscal 2017 results. The stock carries a Zacks Rank #3 (Hold) and has an Earnings ESP of 0.00%. Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.
The Zacks Consensus Estimate for the quarter is pegged at a loss of 7 cents. Last quarter, the company posted a positive earnings surprise of 16.67%. Notably, Paylocity has outperformed the Zacks Consensus Estimate in the trailing four quarters with an average positive earnings surprise of 71.06%. (Read more: Paylocity Holding Q1 Earnings: What's in the Cards?)
FireEye Inc. , which provides security platform for cyber-attacks to enterprises and governments, will report third-quarter 2016 results. The stock has a Zacks Rank #3 and an Earnings ESP of 0.00%.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for the quarter is pegged at a loss of 68 cents. Last quarter, the company posted a positive earnings surprise of 15.00%. Notably, FireEye has outperformed the Zacks Consensus Estimate in the trailing four quarters with an average positive earnings surprise of 10.12%. (Read more:FireEye: What's in the Cards this Earnings Season?)
2U Inc. (TWOU - Free Report) , an education technology company, will report third-quarter 2016 results. The stock carries a Zacks Rank #3 and has an Earnings ESP of 0.00%.
The Zacks Consensus Estimate for the quarter is pegged at a loss of 19 cents. Last quarter, the company posted a positive earnings surprise of 14.29%. Notably, 2U has outperformed the Zacks Consensus Estimate in the trailing four quarters with an average positive earnings surprise of 30.89%.
Digital home entertainment services and solutions provider, TiVo Corporation will report third-quarter 2016 results. The stock carries a Zacks Rank #5 (Strong Sell) and has an Earnings ESP of 0.00%.
The Zacks Consensus Estimate for the quarter is pegged at 28 cents. Last quarter, the company posted a negative earnings surprise of 34.78%. Notably, TiVo has outperformed the Zacks Consensus Estimate twice while missing the same on two other occasions in the trailing four quarters. However, average surprise remains positive at 28.41%. (Read more: Will TiVo Corp Disappoint Estimates in Q3 Earnings?)
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Internet Stocks Earnings Slated on Nov 3: PCTY, FEYE & More
The earnings reporting cycle for the third quarter is in full swing, with results of over 1000 companies including 130 S&P 500 members scheduled to be out this week.
Per the latest Earnings Outlook report, as of Nov 1, out of the 332 S&P 500 companies that have come up with their quarterly numbers, approximately 72.9% posted positive earnings surprises, while 55.4% beat top-line expectations. According to the report, earnings of these companies are up 1.9% from the same period last year, while revenues have increased 1.3%.
The trend this earnings season indicates that we may finally see a positive earnings picture after five straight quarters of decline. The report projects that earnings for the total S&P 500 companies will improve 2.1% from the year-ago period, while total revenue will grow 1.4%. We will have a clearer picture by the end of this week.
Talking about the technology sector, per the Earnings Outlook report, as of Nov 1, 73.4% of the sector’s total market capitalization in the S&P 500 index has already reported results. Total earnings of these tech companies are up 0.8% from the same period last year on 1.3% higher revenues, with 83.8% beating earnings estimates and 73% surpassing revenue expectations.
Let’s see what’s in store for four Internet stocks, all of which are expected to release quarterly numbers on Nov 3.
Paylocity Holding Corporation (PCTY - Free Report) , which provides cloud-based payroll and human capital management software solutions for medium-sized organizations, will report first-quarter fiscal 2017 results. The stock carries a Zacks Rank #3 (Hold) and has an Earnings ESP of 0.00%. Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.
PAYLOCITY HLDG Price and EPS Surprise
PAYLOCITY HLDG Price and EPS Surprise | PAYLOCITY HLDG Quote
The Zacks Consensus Estimate for the quarter is pegged at a loss of 7 cents. Last quarter, the company posted a positive earnings surprise of 16.67%. Notably, Paylocity has outperformed the Zacks Consensus Estimate in the trailing four quarters with an average positive earnings surprise of 71.06%. (Read more: Paylocity Holding Q1 Earnings: What's in the Cards?)
FireEye Inc. , which provides security platform for cyber-attacks to enterprises and governments, will report third-quarter 2016 results. The stock has a Zacks Rank #3 and an Earnings ESP of 0.00%.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
FIREEYE INC Price and EPS Surprise
FIREEYE INC Price and EPS Surprise | FIREEYE INC Quote
The Zacks Consensus Estimate for the quarter is pegged at a loss of 68 cents. Last quarter, the company posted a positive earnings surprise of 15.00%. Notably, FireEye has outperformed the Zacks Consensus Estimate in the trailing four quarters with an average positive earnings surprise of 10.12%. (Read more: FireEye: What's in the Cards this Earnings Season?)
2U Inc. (TWOU - Free Report) , an education technology company, will report third-quarter 2016 results. The stock carries a Zacks Rank #3 and has an Earnings ESP of 0.00%.
2U INC Price and EPS Surprise
2U INC Price and EPS Surprise | 2U INC Quote
The Zacks Consensus Estimate for the quarter is pegged at a loss of 19 cents. Last quarter, the company posted a positive earnings surprise of 14.29%. Notably, 2U has outperformed the Zacks Consensus Estimate in the trailing four quarters with an average positive earnings surprise of 30.89%.
Digital home entertainment services and solutions provider, TiVo Corporation will report third-quarter 2016 results. The stock carries a Zacks Rank #5 (Strong Sell) and has an Earnings ESP of 0.00%.
TIVO CORP Price and EPS Surprise
TIVO CORP Price and EPS Surprise | TIVO CORP Quote
The Zacks Consensus Estimate for the quarter is pegged at 28 cents. Last quarter, the company posted a negative earnings surprise of 34.78%. Notably, TiVo has outperformed the Zacks Consensus Estimate twice while missing the same on two other occasions in the trailing four quarters. However, average surprise remains positive at 28.41%. (Read more: Will TiVo Corp Disappoint Estimates in Q3 Earnings?)
Looking for Ideas with Even Greater Upside?
Today's investment ideas are short-term, directly based on our proven 1 to 3 month indicator. In addition, I invite you to consider our long-term opportunities. These rare trades look to start fast with strong Zacks Ranks, but carry through with double and triple-digit profit potential. Starting now, you can look inside our home run, value, and stocks under $10 portfolios, plus more. Click here for a peek at this private information >>