We are past the halfway mark of the second-quarter earnings season. 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 reporting 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.
Here, we take a sneak peek into two e-commerce providers namely Liberty Ventures and Trxade Group, Inc. that are lined up to report earnings on Aug 5.
Liberty Ventures will report second-quarter 2016 results. The company is primarily focused on business investments and owns interests in home shopping television networks and lifestyle and travel services Internet websites. 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 10 cents. Last quarter, the company posted a negative earnings surprise of 216.67%. Notably, Liberty Ventures has outperformed the Zacks Consensus Estimate twice in the trailing four quarters and missed on two other occasions, resulting in an average positive earnings surprise of 37.11%
Trxade Group is set to report second-quarter 2016 results. The company is a web-based market platform that enables trade among healthcare buyers and sellers of pharmaceuticals, accessories and services. 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 breakeven. Last quarter, the company’s bottom line matched estimates. Notably, Trxade Group has outperformed the Zacks Consensus Estimate thrice in the trailing four quarters.
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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 >>
We are past the halfway mark of the second-quarter earnings season. 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 reporting 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.
Here, we take a sneak peek into two e-commerce providers namely Liberty Ventures and Trxade Group, Inc. that are lined up to report earnings on Aug 5.
Liberty Ventures will report second-quarter 2016 results. The company is primarily focused on business investments and owns interests in home shopping television networks and lifestyle and travel services Internet websites. 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 10 cents. Last quarter, the company posted a negative earnings surprise of 216.67%. Notably, Liberty Ventures has outperformed the Zacks Consensus Estimate twice in the trailing four quarters and missed on two other occasions, resulting in an average positive earnings surprise of 37.11%
Trxade Group is set to report second-quarter 2016 results. The company is a web-based market platform that enables trade among healthcare buyers and sellers of pharmaceuticals, accessories and services. 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 breakeven. Last quarter, the company’s bottom line matched estimates. Notably, Trxade Group has outperformed the Zacks Consensus Estimate thrice in the trailing four quarters.
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 >>