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Telecom Stock Q3 Earnings Roster for Nov 4: SATS, USM & TDS
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The third-quarter 2016 earnings season has already seen a plethora of releases, with most companies surpassing estimates. Moreover, earnings, which were initially projected to be negative, are now in the green zone. As per our latest Earnings Outlook, third-quarter earnings are expected to rise 2.4% from the same period last year buoyed by 1.4% higher revenues. Given the rosy earnings picture, this earnings season is on track to be the first quarter to see positive earnings growth after five consecutive quarters of decline. Moreover, we expect the trend to continue in the upcoming quarters. However, on the flipside, the year-over-year growth estimates for the fourth quarter have been revised lower to 4.1% as against 4.9% estimated last week.
Telecom Stocks’ Earnings in Focus
The telecom industry, which comprises telecom operators and equipment manufacturers, is projected to witness modest growth in 2016. Also, companies operating in this space are anticipated to benefit from continuous technological advancement and adoption of newer business models.
Let’s take a look at two telecom stocks that are scheduled to report their third-quarter numbers on Nov 4.
EchoStar has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 39 cents. Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.
Meanwhile, according to our proven model, a company needs the right combination of two key ingredients – a positive earnings ESP and a Zacks Rank #3 or better – to increase the odds of an earnings surprise. Thus, EchoStar is not likely to beat the Zacks Consensus Estimate this quarter.
United States Cellular Corporation (USM - Free Report) , the eighth largest wireless operator in the United States, has an earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate are at 23 cents. Meanwhile, the company carries a Zacks Rank #3 which increases the predictive power of ESP while its 0.00% ESP makes surprise prediction difficult (read more: Can U.S. Cellular Spring a Surprise in Q3 Earnings?).
Telephone & Data Systems Inc. (TDS - Free Report) is a diversified telecommunications corporation. This company also carries a Zacks Rank #3 and has an earnings ESP of 0.00% (both the Most Accurate estimate and the Zacks Consensus Estimate are at 13 cents). Again, the combination of Zacks Rank #3 and 0.00% ESP makes surprise prediction difficult (read more: Telephone and Data Systems: Q3 Earnings Preview).
While the above ideas are being shared with the public, other trades are hidden from everyone but selected members. Would you like to peek behind the curtain and view them? Starting today, for the next month, you can follow all Zacks' private buys and sells in real time from value to momentum . . . from stocks under $10 to ETF and option moves . . . from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors. Click here for Zacks' secret trades >>
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Telecom Stock Q3 Earnings Roster for Nov 4: SATS, USM & TDS
The third-quarter 2016 earnings season has already seen a plethora of releases, with most companies surpassing estimates. Moreover, earnings, which were initially projected to be negative, are now in the green zone. As per our latest Earnings Outlook, third-quarter earnings are expected to rise 2.4% from the same period last year buoyed by 1.4% higher revenues. Given the rosy earnings picture, this earnings season is on track to be the first quarter to see positive earnings growth after five consecutive quarters of decline. Moreover, we expect the trend to continue in the upcoming quarters. However, on the flipside, the year-over-year growth estimates for the fourth quarter have been revised lower to 4.1% as against 4.9% estimated last week.
Telecom Stocks’ Earnings in Focus
The telecom industry, which comprises telecom operators and equipment manufacturers, is projected to witness modest growth in 2016. Also, companies operating in this space are anticipated to benefit from continuous technological advancement and adoption of newer business models.
Let’s take a look at two telecom stocks that are scheduled to report their third-quarter numbers on Nov 4.
EchoStar Corp. (SATS - Free Report) is a developer and distributer of set-top boxes and related products for direct-to-home satellite service providers. This company carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
EchoStar has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 39 cents. Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.
Meanwhile, according to our proven model, a company needs the right combination of two key ingredients – a positive earnings ESP and a Zacks Rank #3 or better – to increase the odds of an earnings surprise. Thus, EchoStar is not likely to beat the Zacks Consensus Estimate this quarter.
ECHOSTAR CORP Price and Consensus
ECHOSTAR CORP Price and Consensus | ECHOSTAR CORP Quote
United States Cellular Corporation (USM - Free Report) , the eighth largest wireless operator in the United States, has an earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate are at 23 cents. Meanwhile, the company carries a Zacks Rank #3 which increases the predictive power of ESP while its 0.00% ESP makes surprise prediction difficult (read more: Can U.S. Cellular Spring a Surprise in Q3 Earnings?).
US CELLULAR Price and Consensus
US CELLULAR Price and Consensus | US CELLULAR Quote
Telephone & Data Systems Inc. (TDS - Free Report) is a diversified telecommunications corporation. This company also carries a Zacks Rank #3 and has an earnings ESP of 0.00% (both the Most Accurate estimate and the Zacks Consensus Estimate are at 13 cents). Again, the combination of Zacks Rank #3 and 0.00% ESP makes surprise prediction difficult (read more: Telephone and Data Systems: Q3 Earnings Preview).
TELEPHONE &DATA Price and Consensus
TELEPHONE &DATA Price and Consensus | TELEPHONE &DATA Quote
Now See Our Private Investment Ideas
While the above ideas are being shared with the public, other trades are hidden from everyone but selected members. Would you like to peek behind the curtain and view them? Starting today, for the next month, you can follow all Zacks' private buys and sells in real time from value to momentum . . . from stocks under $10 to ETF and option moves . . . from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors. Click here for Zacks' secret trades >>