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Unisys (UIS) to Report Q3 Earnings: What's in the Offing?
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Unisys Corporation (UIS - Free Report) is expected to report third-quarter 2018 results on Oct 29.
Notably, the company beat estimates in three of the trailing four quarters, delivering an average positive surprise of 70.30%.
In the last reported quarter, the company came up with a positive earnings surprise of 44.44%. Revenues also beat the Zacks Consensus Estimate and improved year over year.
The Zacks Consensus Estimate for third quarter is pegged at $682 million for revenues and at 46 cents for earnings. The top line and bottom line are expected to witness year-over-year growth of 2.36% and 156.79%, respectively.
Let's see how things are shaping up for the upcoming announcement.
Factors Likely to Drive Results
Unisys is performing well backed by its continued focus on increasing the efficiency of its Services delivery engine through increased automation and artificial intelligence. This is likely to reflect in the quarterly performance of the Services segment.
Unisys’ results are expected to benefit from product launches undertaken in the last reported quarter, including the successful incorporation of Stealth solution for a U.S federal national security agency to provide improved biometric identity management capabilities.
Moreover, the CloudForte services, which was launched toward the end of the June quarter to aid secure migration of data to Amazon (AMZN - Free Report) Web Services, is expected to boost the Services segment further.
However, Unisys operates in a highly volatile industry characterized by rapid technological innovation, evolving technology standards, short product life cycles and continually changing customer demand patterns, which is a concern.
Revenues from the Technology segment, which had weakened drastically last quarter after a stellar performance in the first quarter, are expected to remain weak.
What the Zacks Model Says
According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP. Sell-rated stocks (Zacks Rank #4 or 5) are best avoided. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Unisys has a Zacks Rank #1 and an Earnings ESP of 0.00%.
Stocks to Consider
Here are a couple of stocks that you may consider as our model shows that these have the right combination of elements to post an earnings beat in their upcoming releases:
Fortinet, Inc. (FTNT - Free Report) with an Earnings ESP of +0.16% and a Zacks Rank #3.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
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Unisys (UIS) to Report Q3 Earnings: What's in the Offing?
Unisys Corporation (UIS - Free Report) is expected to report third-quarter 2018 results on Oct 29.
Notably, the company beat estimates in three of the trailing four quarters, delivering an average positive surprise of 70.30%.
In the last reported quarter, the company came up with a positive earnings surprise of 44.44%. Revenues also beat the Zacks Consensus Estimate and improved year over year.
The Zacks Consensus Estimate for third quarter is pegged at $682 million for revenues and at 46 cents for earnings. The top line and bottom line are expected to witness year-over-year growth of 2.36% and 156.79%, respectively.
Unisys Corporation Price and EPS Surprise
Unisys Corporation Price and EPS Surprise | Unisys Corporation Quote
Let's see how things are shaping up for the upcoming announcement.
Factors Likely to Drive Results
Unisys is performing well backed by its continued focus on increasing the efficiency of its Services delivery engine through increased automation and artificial intelligence. This is likely to reflect in the quarterly performance of the Services segment.
Unisys’ results are expected to benefit from product launches undertaken in the last reported quarter, including the successful incorporation of Stealth solution for a U.S federal national security agency to provide improved biometric identity management capabilities.
Moreover, the CloudForte services, which was launched toward the end of the June quarter to aid secure migration of data to Amazon (AMZN - Free Report) Web Services, is expected to boost the Services segment further.
However, Unisys operates in a highly volatile industry characterized by rapid technological innovation, evolving technology standards, short product life cycles and continually changing customer demand patterns, which is a concern.
Revenues from the Technology segment, which had weakened drastically last quarter after a stellar performance in the first quarter, are expected to remain weak.
What the Zacks Model Says
According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP. Sell-rated stocks (Zacks Rank #4 or 5) are best avoided. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Unisys has a Zacks Rank #1 and an Earnings ESP of 0.00%.
Stocks to Consider
Here are a couple of stocks that you may consider as our model shows that these have the right combination of elements to post an earnings beat in their upcoming releases:
Vishay Intertechnology (VSH - Free Report) with an Earnings ESP of +0.62% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Fortinet, Inc. (FTNT - Free Report) with an Earnings ESP of +0.16% and a Zacks Rank #3.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>