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The earnings season is off to a solid start with decent performance across the table. About 87 S&P 500 members have already released their results till Apr 20. Total earnings for these companies are up 25% year over year on 10.7% higher revenues, with 82.8% beating earnings estimates and 67.8% surpassing top-line expectations. Based on the hitherto observed pattern, first-quarter 2018 is anticipated to register healthy double-digit percentage earnings growth on a year-over-year basis.
Per the latest Earnings Preview, overall earnings for all the S&P 500 companies are expected to be up 18.3% on 7.7% growth in revenues. This represents an improved growth projection from the previous quarter, which was driven by a corporate tax overhaul and relatively healthy job data. This, in turn, had boosted corporate earnings, stoked investments and trickled down to employees in some instances in the quarter. Experts widely believe that earnings growth is likely to improve steadily in 2018 and beyond.
The Technology sector, of which Telecom forms part, appears to be quite strong. For the sector, earnings are expected to improve 20.9% year over year while revenues are touted to rise 11.5% due to healthy growth dynamics on the back of existing secular trends in cloud computing, artificial intelligence and Big Data.
Let’s take a sneak peek at four major Telecom stocks scheduled to report first-quarter earnings on Apr 26 to see how things are shaping up for the upcoming results.
InterDigital, Inc. (IDCC - Free Report) is scheduled to report results before the opening bell. For the to-be-reported quarter, the company has an Earnings ESP of 0.00%, and Zacks Rank #3 (Hold), making an earnings surprise prediction uncertain. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 for a likely earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Knowles Corporation (KN - Free Report) is scheduled to report results after the closing bell. We remain fairly inconclusive on an earnings beat prediction this quarter as it has an ESP of 0.00% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Vocera Communications, Inc. is slated to release earnings results after the closing bell. We remain inconclusive on earnings beat prediction this quarter as it has an ESP of 0.00% and a Zacks Rank #3.
Vocera Communications, Inc. Price and EPS Surprise
Sonus Networks Inc. (RBBN - Free Report) is scheduled to report results before the opening bell. We remain fairly inconclusive on an earnings beat prediction this quarter as it has an ESP of 0.00% and a Zacks Rank #4 (Sell).
A medical advance is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating substantial revenue, and even more wondrous products are in the pipeline.
Cures for a variety of deadly diseases are in sight, and so are big potential profits for early investors. Zacks names 5 stocks to buy now.
Image: Bigstock
Telecom Stocks' Q1 Earnings on Apr 26: IDCC, KN, VCRA, RBBN
The earnings season is off to a solid start with decent performance across the table. About 87 S&P 500 members have already released their results till Apr 20. Total earnings for these companies are up 25% year over year on 10.7% higher revenues, with 82.8% beating earnings estimates and 67.8% surpassing top-line expectations. Based on the hitherto observed pattern, first-quarter 2018 is anticipated to register healthy double-digit percentage earnings growth on a year-over-year basis.
Per the latest Earnings Preview, overall earnings for all the S&P 500 companies are expected to be up 18.3% on 7.7% growth in revenues. This represents an improved growth projection from the previous quarter, which was driven by a corporate tax overhaul and relatively healthy job data. This, in turn, had boosted corporate earnings, stoked investments and trickled down to employees in some instances in the quarter. Experts widely believe that earnings growth is likely to improve steadily in 2018 and beyond.
The Technology sector, of which Telecom forms part, appears to be quite strong. For the sector, earnings are expected to improve 20.9% year over year while revenues are touted to rise 11.5% due to healthy growth dynamics on the back of existing secular trends in cloud computing, artificial intelligence and Big Data.
Let’s take a sneak peek at four major Telecom stocks scheduled to report first-quarter earnings on Apr 26 to see how things are shaping up for the upcoming results.
InterDigital, Inc. (IDCC - Free Report) is scheduled to report results before the opening bell. For the to-be-reported quarter, the company has an Earnings ESP of 0.00%, and Zacks Rank #3 (Hold), making an earnings surprise prediction uncertain. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 for a likely earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
InterDigital, Inc. Price and EPS Surprise
InterDigital, Inc. Price and EPS Surprise | InterDigital, Inc. Quote
Knowles Corporation (KN - Free Report) is scheduled to report results after the closing bell. We remain fairly inconclusive on an earnings beat prediction this quarter as it has an ESP of 0.00% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Knowles Corporation Price and EPS Surprise
Knowles Corporation Price and EPS Surprise | Knowles Corporation Quote
Vocera Communications, Inc. is slated to release earnings results after the closing bell. We remain inconclusive on earnings beat prediction this quarter as it has an ESP of 0.00% and a Zacks Rank #3.
Vocera Communications, Inc. Price and EPS Surprise
Vocera Communications, Inc. Price and EPS Surprise | Vocera Communications, Inc. Quote
Sonus Networks Inc. (RBBN - Free Report) is scheduled to report results before the opening bell. We remain fairly inconclusive on an earnings beat prediction this quarter as it has an ESP of 0.00% and a Zacks Rank #4 (Sell).
Sonus Networks, Inc. Price and EPS Surprise
Sonus Networks, Inc. Price and EPS Surprise | Sonus Networks, Inc. Quote
Investor Alert: Breakthroughs Pending
A medical advance is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating substantial revenue, and even more wondrous products are in the pipeline.
Cures for a variety of deadly diseases are in sight, and so are big potential profits for early investors. Zacks names 5 stocks to buy now.
Click here to see them >>