Yesterday, we saw earnings reports of a couple of bellwethers in the technology sector like Apple (AAPL - Free Report) and Twitter . Apple’s third-quarter fiscal 2016 earnings and revenues managed to surpass the respective Zacks Consensus Estimate despite soft comps in China. Twitter’s second-quarter 2016 results were mixed with the bottom line faring better than the Zacks Consensus Estimate while the top line missed the same.
Just like other sectors, the performance of technology companies has been marred by global growth concerns, a strengthening dollar and market volatility. An added concern is Britain’s decision to exit the European Union. As a result of these factors, total earnings in the tech sector are expected to be down 3% in spite of 2.7% higher revenues compared with last quarter’s 4.5% earnings decline irrespective of 0.4% higher revenues.
Let’s take a look at three Electronics stocks – WESCO International Inc. (WCC - Free Report) , KEMET Corp. (KEM - Free Report) and InvenSense, Inc. , – which are scheduled to release quarterly numbers on Jul 28.
WESCO will report second-quarter 2016 results. The company is a leading provider of electrical products and other industrial maintenance, repair and operating (MRO) supplies and services in North America. It is also a provider of Integrated Supply services. Its Integrated Supply solutions and outsourcing services fulfill industrial MRO procurement needs through a highly automated, proprietary electronic procurement and inventory replenishment system. For the quarter, this Zacks Rank #3 (Hold) stock has an Earnings ESP of +2.06%.
The Zacks Consensus Estimate for the quarter is pegged at 97 cents. Last quarter, the company posted a negative earnings surprise of 5.48%. Notably, WESCO has outperformed the Zacks Consensus Estimate in three out of the trailing four quarters with an average negative earnings surprise of 0.01%.
KEMET is set to report first-quarter fiscal 2017 results. The company is the world's largest manufacturer of solid tantalum capacitors and one of biggest producers of multilayer ceramic capacitors. For the first quarter, this Zacks Rank #3 company has an Earnings ESP of 0.00%.
The Zacks Consensus Estimate for this quarter is pegged at 5 cents. Last quarter, the company posted a negative earnings surprise of 71.43%. Notably, KEMET has outperformed the Zacks Consensus Estimate only once in the trailing four quarters and missed the same twice, resulting in an average negative earnings surprise of 183.60%
InvenSense will report first-quarter fiscal 2017 results. The company provides motion processing solutions that enable a motion-based user interface for consumer electronics. 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 a loss of 14 cents. Last quarter, the company posted a negative earnings surprise of 14.29%. Notably, InvenSense has surpassed the Zacks Consensus Estimate thrice in the four preceding quarters with an average positive surprise of 37.05%.
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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 >>
Yesterday, we saw earnings reports of a couple of bellwethers in the technology sector like Apple (AAPL - Free Report) and Twitter . Apple’s third-quarter fiscal 2016 earnings and revenues managed to surpass the respective Zacks Consensus Estimate despite soft comps in China. Twitter’s second-quarter 2016 results were mixed with the bottom line faring better than the Zacks Consensus Estimate while the top line missed the same.
Just like other sectors, the performance of technology companies has been marred by global growth concerns, a strengthening dollar and market volatility. An added concern is Britain’s decision to exit the European Union. As a result of these factors, total earnings in the tech sector are expected to be down 3% in spite of 2.7% higher revenues compared with last quarter’s 4.5% earnings decline irrespective of 0.4% higher revenues.
Let’s take a look at three Electronics stocks – WESCO International Inc. (WCC - Free Report) , KEMET Corp. (KEM - Free Report) and InvenSense, Inc. , – which are scheduled to release quarterly numbers on Jul 28.
WESCO will report second-quarter 2016 results. The company is a leading provider of electrical products and other industrial maintenance, repair and operating (MRO) supplies and services in North America. It is also a provider of Integrated Supply services. Its Integrated Supply solutions and outsourcing services fulfill industrial MRO procurement needs through a highly automated, proprietary electronic procurement and inventory replenishment system. For the quarter, this Zacks Rank #3 (Hold) stock has an Earnings ESP of +2.06%.
The Zacks Consensus Estimate for the quarter is pegged at 97 cents. Last quarter, the company posted a negative earnings surprise of 5.48%. Notably, WESCO has outperformed the Zacks Consensus Estimate in three out of the trailing four quarters with an average negative earnings surprise of 0.01%.
KEMET is set to report first-quarter fiscal 2017 results. The company is the world's largest manufacturer of solid tantalum capacitors and one of biggest producers of multilayer ceramic capacitors. For the first quarter, this Zacks Rank #3 company has an Earnings ESP of 0.00%.
The Zacks Consensus Estimate for this quarter is pegged at 5 cents. Last quarter, the company posted a negative earnings surprise of 71.43%. Notably, KEMET has outperformed the Zacks Consensus Estimate only once in the trailing four quarters and missed the same twice, resulting in an average negative earnings surprise of 183.60%
InvenSense will report first-quarter fiscal 2017 results. The company provides motion processing solutions that enable a motion-based user interface for consumer electronics. 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 a loss of 14 cents. Last quarter, the company posted a negative earnings surprise of 14.29%. Notably, InvenSense has surpassed the Zacks Consensus Estimate thrice in the four preceding quarters with an average positive surprise of 37.05%.
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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