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Upcoming Tech Earnings Reports to Watch: NFLX, TXN, INTC
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With this week's release of marquee reports from the likes of Goldman Sachs (GS - Free Report) , IBM (IBM - Free Report) , and American Express (AXP - Free Report) , fourth-quarter earnings season is officially underway. The S&P 500 members that have reported so for have seen earnings growth reach the double digits on the back of strong revenues, so investors will hope that early trend continues it the season's busier stretches.
In the coming weeks, we will see reports from the world’s biggest and most relevant companies, including several market-moving technology companies. This means that investors need to be prepared for the ensuing movement that is likely to occur throughout the market.
According to the latest report from Sheraz Mian, the head of the Zacks Equity Research department and an acknowledged earnings expert, earnings growth is expected to be positive for 13 of the 16 Zacks sectors—and growth rates are projected to hit the double digits for our Technology group.
Investors should remember that they can always use the Zacks Earnings Calendar to plan out their schedules for earnings, dividend announcements, and other important financial releases. This handy tool is your perfect one-stop-shop to properly prepare for the market events that will have an impact on your own portfolio.
Today, we’ve made that task even easier for you. Using the Earnings Calendar, we looked ahead to next week and selected the biggest technology reports to watch. Make sure to keep an eye on these companies as they prepare to report during the week of January 22.
Video streaming behemoth Netflix is slated to release its latest quarterly report after the closing bell on January 22. Netflix has snapped its extended earnings beat streak with two consecutive misses, but the stock has still soared nearly 60% over the last year. NFLX is carrying a Zacks Rank #3 (Hold) into its report date.
Based on our latest consensus estimates, Netflix is expected to post earnings of $0.41 per share and revenues of $3.28 billion, which would represent year-over-year growth of 173% and 32%, respectively. Management has said that it expects to add 6.30 million users in the quarter. Subscriber growth will likely inspire post-earnings trading, but Netflix would also like investors to focus on its international margin expansion.
Semiconductor manufacturing giant Texas Instruments is scheduled to report its latest quarterly results after the market closes on January 23. The company has not missed estimates since early 2015, and the stock has been on a strong bull run for the better part of two years. TXN is currently holding a Zacks Rank #2 (Buy) as it approaches its report date.
According to our latest consensus estimates, Texas Instruments is projected to report earnings of $1.09 per share and revenues of $3.74 billion. These results would represent year-over-year growth of 24% and 10%, respectively. Investors should look for growth in the firm's Embedded Processors unit, which includes its Internet of Things profile. Last quarter, TXN posted revenue growth of 17% in this unit.
Chipmaking behemoth Intel is slated to release its latest quarterly earnings report after the closing bell on January 25. The company has not missed earnings estimates since early 2014, but the revelation of a security flaw in Intel chips has dragged the stock down about 5% over the past four weeks. INTC is currently holding a Zacks Rank #3 (Hold).
Based on our latest consensus estimates, Intel is expected to post earnings of $0.86 per share and revenues of $16.30 billion, which would represent year-over-year growth of 9% and -0.42%, respectively. Investors will anticipate any comments about the recent security flaw and if it is expected to affect the company's bottom line.
Want more stock market analysis from this author? Make sure to follow @Ryan_McQueeneyon Twitter!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research. It's not the one you think.
Image: Bigstock
Upcoming Tech Earnings Reports to Watch: NFLX, TXN, INTC
With this week's release of marquee reports from the likes of Goldman Sachs (GS - Free Report) , IBM (IBM - Free Report) , and American Express (AXP - Free Report) , fourth-quarter earnings season is officially underway. The S&P 500 members that have reported so for have seen earnings growth reach the double digits on the back of strong revenues, so investors will hope that early trend continues it the season's busier stretches.
In the coming weeks, we will see reports from the world’s biggest and most relevant companies, including several market-moving technology companies. This means that investors need to be prepared for the ensuing movement that is likely to occur throughout the market.
According to the latest report from Sheraz Mian, the head of the Zacks Equity Research department and an acknowledged earnings expert, earnings growth is expected to be positive for 13 of the 16 Zacks sectors—and growth rates are projected to hit the double digits for our Technology group.
Investors should remember that they can always use the Zacks Earnings Calendar to plan out their schedules for earnings, dividend announcements, and other important financial releases. This handy tool is your perfect one-stop-shop to properly prepare for the market events that will have an impact on your own portfolio.
Today, we’ve made that task even easier for you. Using the Earnings Calendar, we looked ahead to next week and selected the biggest technology reports to watch. Make sure to keep an eye on these companies as they prepare to report during the week of January 22.
Netflix, Inc. (NFLX - Free Report)
Video streaming behemoth Netflix is slated to release its latest quarterly report after the closing bell on January 22. Netflix has snapped its extended earnings beat streak with two consecutive misses, but the stock has still soared nearly 60% over the last year. NFLX is carrying a Zacks Rank #3 (Hold) into its report date.
Based on our latest consensus estimates, Netflix is expected to post earnings of $0.41 per share and revenues of $3.28 billion, which would represent year-over-year growth of 173% and 32%, respectively. Management has said that it expects to add 6.30 million users in the quarter. Subscriber growth will likely inspire post-earnings trading, but Netflix would also like investors to focus on its international margin expansion.
Texas Instruments Inc. (TXN - Free Report)
Semiconductor manufacturing giant Texas Instruments is scheduled to report its latest quarterly results after the market closes on January 23. The company has not missed estimates since early 2015, and the stock has been on a strong bull run for the better part of two years. TXN is currently holding a Zacks Rank #2 (Buy) as it approaches its report date.
According to our latest consensus estimates, Texas Instruments is projected to report earnings of $1.09 per share and revenues of $3.74 billion. These results would represent year-over-year growth of 24% and 10%, respectively. Investors should look for growth in the firm's Embedded Processors unit, which includes its Internet of Things profile. Last quarter, TXN posted revenue growth of 17% in this unit.
Intel Corporation (INTC - Free Report)
Chipmaking behemoth Intel is slated to release its latest quarterly earnings report after the closing bell on January 25. The company has not missed earnings estimates since early 2014, but the revelation of a security flaw in Intel chips has dragged the stock down about 5% over the past four weeks. INTC is currently holding a Zacks Rank #3 (Hold).
Based on our latest consensus estimates, Intel is expected to post earnings of $0.86 per share and revenues of $16.30 billion, which would represent year-over-year growth of 9% and -0.42%, respectively. Investors will anticipate any comments about the recent security flaw and if it is expected to affect the company's bottom line.
Want more stock market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research. It's not the one you think.
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