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Tech Stocks Earnings Release on May 11: CA, CYBR, TTD & BITA
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We are in the last leg of the Q1 earnings season, with 412 S&P 500 members or 82.4% of the index’s total membership having already reported their quarterly results, as of May 5, according to the latest Zacks Earnings Preview report.
Per the report, approximately 73.3% of the companies posted positive earnings surprises, while 67.7% beat top-line expectations. Earnings of these companies are up 14.2% from the same period last year, while revenues increased 7.3%.
The trend this earnings season indicates that we will finally see back-to-back quarters of earnings growth after five straight quarters of decline. The report projects that earnings for the S&P 500 index will improve 12.7% from the year-ago period, while total revenue will be up 6.2%.
Talking about the technology sector, as per the report, we have Q1 results from 44 of the sector’s 62 operators in the S&P 500 index. Earnings of these companies are up 16.5% year over year, while revenues grew 6.4%.
Further, according to the Earnings Preview report, total earnings of the overall sector are anticipated to be up 16% on 6.1% higher revenues for the first quarter.
Let’s see what’s in store for four tech stocks, all of which are expected to release quarterly numbers on May 11.
CA Inc. (CA - Free Report) , a global leader in software solutions enabling customers to plan, develop, manage and secure applications and enterprise environments across distributed, cloud, mobile and mainframe platforms, is slated to report fourth-quarter fiscal 2017 results. The stock carries a Zacks Rank #3 (Hold) and has an Earnings ESP of +0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
The Zacks Consensus Estimate for the quarter is pegged at 45 cents. Last quarter, the company’s earnings came in line with the Zacks Consensus Estimate. Notably, CA outperformed the Zacks Consensus Estimate thrice in the trailing four quarters, while matching the same on one occasion. It has an average positive surprise of 5.90%. (Read more: CA Inc to Report Q4 Earnings: What's in the Cards?)
CyberArk Software Ltd. (CYBR - Free Report) , which provides information technology security solutions, will report first-quarter 2017 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 13 cents. Last quarter, the company posted a positive earnings surprise of 20.00%. Notably, CyberArk surpassed the Zacks Consensus Estimate in the trailing four quarters, with an average positive surprise of 30.90%. (Read more: CyberArk Q1 Earnings: Will it Surprise Investors?)
The Trade Desk Inc. (TTD - Free Report) , a provider of technology platform for advertising will report first-quarter 2017 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 3 cents. Last quarter, the company posted a positive earnings surprise of 20.00%.
Bitauto Holdings Limited , which is engaged in providing internet content and marketing services for automotive industry in China, will report first-quarter 2017 results. The stock carries a Zacks Rank #3 and has an Earnings ESP of +0.00%.
Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 ""Strong Buys"" free of charge. From 1988 through 2015 this list has averaged a stellar gain of +25% per year. Plus, you may download 220 Zacks Rank #5 ""Strong Sells."" Even though this list holds many stocks that seem to be solid, it has historically performed 6X worse than the market. See these critical buys and sells free >>
Unique Zacks Analysis of Your Chosen Ticker
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Tech Stocks Earnings Release on May 11: CA, CYBR, TTD & BITA
We are in the last leg of the Q1 earnings season, with 412 S&P 500 members or 82.4% of the index’s total membership having already reported their quarterly results, as of May 5, according to the latest Zacks Earnings Preview report.
Per the report, approximately 73.3% of the companies posted positive earnings surprises, while 67.7% beat top-line expectations. Earnings of these companies are up 14.2% from the same period last year, while revenues increased 7.3%.
The trend this earnings season indicates that we will finally see back-to-back quarters of earnings growth after five straight quarters of decline. The report projects that earnings for the S&P 500 index will improve 12.7% from the year-ago period, while total revenue will be up 6.2%.
Talking about the technology sector, as per the report, we have Q1 results from 44 of the sector’s 62 operators in the S&P 500 index. Earnings of these companies are up 16.5% year over year, while revenues grew 6.4%.
Further, according to the Earnings Preview report, total earnings of the overall sector are anticipated to be up 16% on 6.1% higher revenues for the first quarter.
Let’s see what’s in store for four tech stocks, all of which are expected to release quarterly numbers on May 11.
CA Inc. (CA - Free Report) , a global leader in software solutions enabling customers to plan, develop, manage and secure applications and enterprise environments across distributed, cloud, mobile and mainframe platforms, is slated to report fourth-quarter fiscal 2017 results. The stock carries a Zacks Rank #3 (Hold) and has an Earnings ESP of +0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
The Zacks Consensus Estimate for the quarter is pegged at 45 cents. Last quarter, the company’s earnings came in line with the Zacks Consensus Estimate. Notably, CA outperformed the Zacks Consensus Estimate thrice in the trailing four quarters, while matching the same on one occasion. It has an average positive surprise of 5.90%. (Read more: CA Inc to Report Q4 Earnings: What's in the Cards?)
CA Inc. Price and EPS Surprise
CA Inc. Price and EPS Surprise | CA Inc. Quote
CyberArk Software Ltd. (CYBR - Free Report) , which provides information technology security solutions, will report first-quarter 2017 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 13 cents. Last quarter, the company posted a positive earnings surprise of 20.00%. Notably, CyberArk surpassed the Zacks Consensus Estimate in the trailing four quarters, with an average positive surprise of 30.90%. (Read more: CyberArk Q1 Earnings: Will it Surprise Investors?)
CyberArk Software Ltd. Price and EPS Surprise
CyberArk Software Ltd. Price and EPS Surprise | CyberArk Software Ltd. Quote
The Trade Desk Inc. (TTD - Free Report) , a provider of technology platform for advertising will report first-quarter 2017 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 3 cents. Last quarter, the company posted a positive earnings surprise of 20.00%.
The Trade Desk Inc. Price and EPS Surprise
The Trade Desk Inc. Price and EPS Surprise | The Trade Desk Inc. Quote
Bitauto Holdings Limited , which is engaged in providing internet content and marketing services for automotive industry in China, will report first-quarter 2017 results. The stock carries a Zacks Rank #3 and has an Earnings ESP of +0.00%.
Bitauto Holdings Limited Price and EPS Surprise
Bitauto Holdings Limited Price and EPS Surprise | Bitauto Holdings Limited Quote
The Best & Worst of Zacks
Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 ""Strong Buys"" free of charge. From 1988 through 2015 this list has averaged a stellar gain of +25% per year. Plus, you may download 220 Zacks Rank #5 ""Strong Sells."" Even though this list holds many stocks that seem to be solid, it has historically performed 6X worse than the market. See these critical buys and sells free >>