As of Jul 29, 84.6% of the Technology sector stocks have reported their quarterly numbers. The sector has so far reported better-than-expected results. However, total earnings were down 0.9% on a year-over-year basis in spite of 2.1% higher revenues.
While growth in the sector was led by the Software/Services industry with Alphabet reporting 44.3% earnings growth on 22.1% higher revenues and Facebook, 158% earnings growth on 59.2% higher revenues, the hardware industry was a drag, with Apple reporting an earnings decline of 27% on 14.6% lower revenues.
Let’s take a look at four Electronics stocks – Ametek Inc. (AME - Free Report) , Universal Display Corp. (OLED - Free Report) , Littelfuse Inc. (LFUS - Free Report) and Universal Electronics Inc. (UEIC - Free Report) – which are scheduled to release quarterly numbers on Aug 4.
Ametek will report second-quarter 2016 results. The company is a leading global manufacturer of electric motors and electronic instruments. For the quarter, this Zacks Rank #4 (Sell) stock has an Earnings ESP of 0.00%.
The Zacks Consensus Estimate for the quarter is pegged at 59 cents. Last quarter, the company’s earnings were in line with expectations. Notably, Ametek has matched the Zacks Consensus Estimate in the trailing four quarters.
Universal Display is set to report second-quarter 2016 results. The company’s state-of-the-art facility is designed to further technology and materials development, technology transfer to manufacturing partners and development of OLED products that meet customers’ needs. For the second quarter, this Zacks Rank #5 (Strong Sell) company has an Earnings ESP of 0.00%.
The Zacks Consensus Estimate for this quarter is pegged at 51 cents. Last quarter, the company posted a positive earnings surprise of 100.00%. Notably, Universal Display has outperformed the Zacks Consensus Estimate twice in the trailing four quarters and missed on two other occasions, resulting in an average negative earnings surprise of 25.86%.
Littelfuse will report second-quarter 2016 results. The company is a leading manufacturer and seller of fuses and other circuit protection devices for use in the electronic, automotive and general industrial markets. For the quarter, this Zacks Rank #3 (Hold) company has an Earnings ESP of 0.00%.
The Zacks Consensus Estimate for the quarter is pegged at $1.40. Last quarter, the company posted a positive earnings surprise of 8.66%. Notably, Littelfuse has surpassed the Zacks Consensus Estimate in the four preceding quarters with an average positive earnings surprise of 6.48%.
Universal Electronics will report second-quarter 2016 results. The company develops software, and builds and markets pre-programmed, easy-to-use wireless control devices and chips principally for home entertainment equipment and the subscription broadcast market. 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 77 cents. Last quarter, the company posted a negative earnings surprise of 7.41%. Notably, Universal Electronics has underperformed the Zacks Consensus Estimate in three out of the four trailing quarters with an average negative earnings surprise of 1.96%.
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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 >>
As of Jul 29, 84.6% of the Technology sector stocks have reported their quarterly numbers. The sector has so far reported better-than-expected results. However, total earnings were down 0.9% on a year-over-year basis in spite of 2.1% higher revenues.
While growth in the sector was led by the Software/Services industry with Alphabet reporting 44.3% earnings growth on 22.1% higher revenues and Facebook, 158% earnings growth on 59.2% higher revenues, the hardware industry was a drag, with Apple reporting an earnings decline of 27% on 14.6% lower revenues.
Let’s take a look at four Electronics stocks – Ametek Inc. (AME - Free Report) , Universal Display Corp. (OLED - Free Report) , Littelfuse Inc. (LFUS - Free Report) and Universal Electronics Inc. (UEIC - Free Report) – which are scheduled to release quarterly numbers on Aug 4.
Ametek will report second-quarter 2016 results. The company is a leading global manufacturer of electric motors and electronic instruments. For the quarter, this Zacks Rank #4 (Sell) stock has an Earnings ESP of 0.00%.
The Zacks Consensus Estimate for the quarter is pegged at 59 cents. Last quarter, the company’s earnings were in line with expectations. Notably, Ametek has matched the Zacks Consensus Estimate in the trailing four quarters.
Universal Display is set to report second-quarter 2016 results. The company’s state-of-the-art facility is designed to further technology and materials development, technology transfer to manufacturing partners and development of OLED products that meet customers’ needs. For the second quarter, this Zacks Rank #5 (Strong Sell) company has an Earnings ESP of 0.00%.
The Zacks Consensus Estimate for this quarter is pegged at 51 cents. Last quarter, the company posted a positive earnings surprise of 100.00%. Notably, Universal Display has outperformed the Zacks Consensus Estimate twice in the trailing four quarters and missed on two other occasions, resulting in an average negative earnings surprise of 25.86%.
Littelfuse will report second-quarter 2016 results. The company is a leading manufacturer and seller of fuses and other circuit protection devices for use in the electronic, automotive and general industrial markets. For the quarter, this Zacks Rank #3 (Hold) company has an Earnings ESP of 0.00%.
The Zacks Consensus Estimate for the quarter is pegged at $1.40. Last quarter, the company posted a positive earnings surprise of 8.66%. Notably, Littelfuse has surpassed the Zacks Consensus Estimate in the four preceding quarters with an average positive earnings surprise of 6.48%.
Universal Electronics will report second-quarter 2016 results. The company develops software, and builds and markets pre-programmed, easy-to-use wireless control devices and chips principally for home entertainment equipment and the subscription broadcast market. 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 77 cents. Last quarter, the company posted a negative earnings surprise of 7.41%. Notably, Universal Electronics has underperformed the Zacks Consensus Estimate in three out of the four trailing quarters with an average negative earnings surprise of 1.96%.
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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