Technology should be on everyone’s radar now, with the sector’s earnings taking centre stage this week. So far, companies in this space have had a mediocre run, with total earnings, representing 38% of the sector’s total market capitalization in the S&P 500 index, declining 0.2% on 6.3% higher revenues. In fact, as per our latest Zacks Earnings Trend report, earnings for the overall Technology sector are expected to be down 3% year over year this quarter.
This week, the sector will likely be in focus, given major Electronics companies’ slated to release earnings.
Of these, let’s see what’s in the cards for these four Electronics stocks – Active Power Inc. , Anixter International Inc. , Arrow Electronics Inc. (ARW - Free Report) and RadiSys Corporation .
Active Power is anticipated to report second-quarter 2016 results. The company designs, manufactures and markets power quality products that provide consistent and reliable electric power, as required by the present digital economy. For the quarter, this Zacks Rank #3 (Hold) stock has an Earnings ESP of 0.00%.
The Zacks Consensus Estimate for the quarter is pegged at loss of 12 cents. Last quarter, the company posted a negative earnings surprise of 20.00%. Notably, Active Power has underperformed the Zacks Consensus Estimate in three out of the trailing four quarters, with an average negative earnings surprise of 63.75%.
Anixter is set to report second-quarter results. The company is a leading global distributor of communication products used in building enterprise and service provider data, voice and video networks. For the second quarter, this Zacks Rank #3 company has an Earnings ESP of 0.00%.
The Zacks Consensus Estimate for this quarter is pegged at $1.30.Last quarter, the company posted a positive earnings surprise of 13.58%. Notably, Anixter has outperformed the Zacks Consensus Estimate thrice in the trailing four quarters and missed the same once, resulting in an average positive earnings surprise of 3.66%.
Arrow Electronics is anticipated to report second-quarter 2016 results. The company is the world's largest distributor of electronic components and computer products to industrial and commercial customers. For the quarter, this Zacks Rank #3 company has an Earnings ESP of 0.00%.
The Zacks Consensus Estimate for the quarter is pegged at $1.66. Last quarter, the company posted a positive earnings surprise of 2.14%. Notably, Arrow Electronics has surpassed the Zacks Consensus Estimate thrice in the four preceding quarters with an average positive surprise of 1.66%. (Read more: Arrow Electronics (ARW - Free Report) Q2 Earnings: Stock to Surprise?)
RadiSys will report second-quarter results. The company is a leader in computer-based building blocks used by original equipment manufacturers for products in the telecommunications and networked equipment markets. For this quarter, this Zacks Rank #3 company has an Earnings ESP of 0.00%. The Zacks Consensus Estimate for the quarter is pegged at $1.66.
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Technology should be on everyone’s radar now, with the sector’s earnings taking centre stage this week. So far, companies in this space have had a mediocre run, with total earnings, representing 38% of the sector’s total market capitalization in the S&P 500 index, declining 0.2% on 6.3% higher revenues. In fact, as per our latest Zacks Earnings Trend report, earnings for the overall Technology sector are expected to be down 3% year over year this quarter.
This week, the sector will likely be in focus, given major Electronics companies’ slated to release earnings.
Of these, let’s see what’s in the cards for these four Electronics stocks – Active Power Inc. , Anixter International Inc. , Arrow Electronics Inc. (ARW - Free Report) and RadiSys Corporation .
Active Power is anticipated to report second-quarter 2016 results. The company designs, manufactures and markets power quality products that provide consistent and reliable electric power, as required by the present digital economy. For the quarter, this Zacks Rank #3 (Hold) stock has an Earnings ESP of 0.00%.
The Zacks Consensus Estimate for the quarter is pegged at loss of 12 cents. Last quarter, the company posted a negative earnings surprise of 20.00%. Notably, Active Power has underperformed the Zacks Consensus Estimate in three out of the trailing four quarters, with an average negative earnings surprise of 63.75%.
Anixter is set to report second-quarter results. The company is a leading global distributor of communication products used in building enterprise and service provider data, voice and video networks. For the second quarter, this Zacks Rank #3 company has an Earnings ESP of 0.00%.
The Zacks Consensus Estimate for this quarter is pegged at $1.30.Last quarter, the company posted a positive earnings surprise of 13.58%. Notably, Anixter has outperformed the Zacks Consensus Estimate thrice in the trailing four quarters and missed the same once, resulting in an average positive earnings surprise of 3.66%.
Arrow Electronics is anticipated to report second-quarter 2016 results. The company is the world's largest distributor of electronic components and computer products to industrial and commercial customers. For the quarter, this Zacks Rank #3 company has an Earnings ESP of 0.00%.
The Zacks Consensus Estimate for the quarter is pegged at $1.66. Last quarter, the company posted a positive earnings surprise of 2.14%. Notably, Arrow Electronics has surpassed the Zacks Consensus Estimate thrice in the four preceding quarters with an average positive surprise of 1.66%. (Read more: Arrow Electronics (ARW - Free Report) Q2 Earnings: Stock to Surprise?)
RadiSys will report second-quarter results. The company is a leader in computer-based building blocks used by original equipment manufacturers for products in the telecommunications and networked equipment markets. For this quarter, this Zacks Rank #3 company has an Earnings ESP of 0.00%. The Zacks Consensus Estimate for the quarter is pegged at $1.66.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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