Juniper Networks (JNPR - Analyst Report) is slated to report its second-quarter 2013 results on Jul 23, 2013. In the last quarter, it posted 33.33% positive surprise. Let’s see how things are shaping up for this announcement.
Growth Factors This Past Quarter
The company delivered decent first-quarter 2013 results, with EPS of 20 cents beating the Zacks Consensus Estimate of 15 cents. The company also witnessed increase in revenue and operating margin.
While increasing competition and sluggish enterprise spending continue to weigh on Juniper’s results, its acquisitions, product launches, cost reduction initiatives and improving execution are positives. Moreover, the rapid deployment of Juniper’s networking products and services by organizations and government customers are helping.
The Zacks Consensus Estimate for the second quarter stands at 18 cents per share while that for fiscal 2013 stands at 83 cents.
Juniper has never missed estimates in the last four quarters, beating estimates all four quarters.
There have been no estimate revisions in the last 30 days. As a result, the Zacks Consensus Estimate for the second quarter as well as for 2013 has remained unchanged during this time period. The stock carries a Zacks Rank #3 (Hold).
We caution against stocks with Zacks Ranks #4 and #5 (Sell rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions momentum.
Other Stock to Consider
Here are some other companies you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter:
Zynga Inc. (ZNGA - Snapshot Report) has Earnings ESP of +14.29% and carries a Zacks Rank #1 (Strong Buy)
Apple Inc. (AAPL - Analyst Report) has Earnings ESP of +2.6% and carries a Zacks Rank #3 (Hold)
Western Digital Corp. (WDC - Analyst Report) has Earnings ESP of +0.56% and carries a Zacks Rank #2 (Hold)