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Telecom Stocks to Release Earnings on Jul 25: HLIT, S
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With the earnings season in full swing, 103 S&P 500 members have already reported their quarterly financial results as of Jul 21, 2016. As per our latest Earnings trend report, the aggregate earnings for the quarter to date is down 2.1% from the comparable year ago quarter – emphasizing the fact that we are still in an ‘earnings recession’. However, revenues in the quarter are up 1.4% against the same period last year.
Notably, we have estimated that for this quarter, total earnings are expected to be down 3.6% against the same period last year on the back of 0.5% lower revenues. We came to this conclusion after combining the actual results of the 103 index members with estimates from the yet-to-report 397 companies. This is evidently better than the negative 6.2% that was expected a week ago. Additionally, we forecast growth in earnings picking up from the last quarter of this year.
Telecom Stocks Earnings to Date:
The telecom industry is a part of the broader Computer & Technology sector. As per our Earnings trend report, earnings for this sector are down 5% year over year. However, if we condense it down to just the telecom industry – which comprises telecom operators and equipment manufacturers, we are likely to witness reasonable growth through 2016. We believe that continuous advancement in technologies and adoption of newer business models will help improve revenues for this particular industry.
We focus on two such telecom stocks that are scheduled to report their quarterly results on Jul 25, 2016.
Harmonic Inc.(HLIT - Free Report) is a manufacturer of digital and fiber optic systems for delivering video, voice and data services over cable, satellite, telephone, and wireless networks. The stock has a Zacks Rank #3 (Hold) and an Earnings ESP of 0.00%. We remind our investors that a combination of Zacks Rank #3 or better with a positive Earnings ESP makes us confident of an earnings beat. However, Harmonic's earnings ESP of 0.00% make surprise prediction difficult.
Sprint Corp.(S - Free Report) is a major U.S. communications service provider. This Zacks Rank #3 stock has an Earnings ESP of -37.50%. This, as per our model, doesn’t conclusively show that Sprint will beat earnings this quarter. (Read more: Sprint: What's in Store for the Stock in Q1 Earnings?)
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Telecom Stocks to Release Earnings on Jul 25: HLIT, S
With the earnings season in full swing, 103 S&P 500 members have already reported their quarterly financial results as of Jul 21, 2016. As per our latest Earnings trend report, the aggregate earnings for the quarter to date is down 2.1% from the comparable year ago quarter – emphasizing the fact that we are still in an ‘earnings recession’. However, revenues in the quarter are up 1.4% against the same period last year.
Notably, we have estimated that for this quarter, total earnings are expected to be down 3.6% against the same period last year on the back of 0.5% lower revenues. We came to this conclusion after combining the actual results of the 103 index members with estimates from the yet-to-report 397 companies. This is evidently better than the negative 6.2% that was expected a week ago. Additionally, we forecast growth in earnings picking up from the last quarter of this year.
Telecom Stocks Earnings to Date:
The telecom industry is a part of the broader Computer & Technology sector. As per our Earnings trend report, earnings for this sector are down 5% year over year. However, if we condense it down to just the telecom industry – which comprises telecom operators and equipment manufacturers, we are likely to witness reasonable growth through 2016. We believe that continuous advancement in technologies and adoption of newer business models will help improve revenues for this particular industry.
We focus on two such telecom stocks that are scheduled to report their quarterly results on Jul 25, 2016.
Harmonic Inc.(HLIT - Free Report) is a manufacturer of digital and fiber optic systems for delivering video, voice and data services over cable, satellite, telephone, and wireless networks. The stock has a Zacks Rank #3 (Hold) and an Earnings ESP of 0.00%. We remind our investors that a combination of Zacks Rank #3 or better with a positive Earnings ESP makes us confident of an earnings beat. However, Harmonic's earnings ESP of 0.00% make surprise prediction difficult.
HARMONIC INC Price and EPS Surprise
HARMONIC INC Price and EPS Surprise | HARMONIC INC Quote
Sprint Corp.(S - Free Report) is a major U.S. communications service provider. This Zacks Rank #3 stock has an Earnings ESP of -37.50%. This, as per our model, doesn’t conclusively show that Sprint will beat earnings this quarter. (Read more: Sprint: What's in Store for the Stock in Q1 Earnings?)
SPRINT CORP Price and EPS Surprise
SPRINT CORP Price and EPS Surprise | SPRINT CORP Quote
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 >>