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Electronics Stocks to Post Earnings on Aug 3: MG, ROG & More
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Getting into the thick of the Q2 earnings season, we have seen releases from 317 S&P 500 members of the S&P 500 as of Jul 29, accounting for 73.5% of the index’s total market capitalization.
Although Q2 is still on track to be the fifth quarter in a row to record negative earnings growth, the rate of growth has improved modestly from last quarter’s levels. Similarly, even though estimates for the third quarter are still moving south, the magnitude of the fall has declined considerably. Nevertheless, growth remains problematic.
Based on the quarterly results of 84.6% of the Technology sector’s total market cap in the index that have been declared so far, performance of this space has been remarkably better than our expectations. Total earnings for these companies have dipped only 0.9% on 2.1% higher revenues, with a whopping 83.3% beating earnings estimates and 77.8% exceeding top-line expectations.
Total earnings in the tech sector are now expected to be down 0.1% on 2.7% higher revenues, marking an improvement over last quarter’s 4.5% earnings decline on 0.4% higher revenues.
Among the companies slated to report this week, let’s find out what’s in the cards for these five Electronics stocks, all of which are scheduled to report results on Aug 3.
Mistras Group Inc. (MG - Free Report) is anticipated to report fourth-quarter fiscal 2016 results. The company is a global provider of technology-enabled, non-destructive testing (NDT) solutions used to evaluate the structural integrity of critical energy, industrial and public infrastructure.
For the quarter, the company has an Earnings ESP of 0.00% and a Zacks Rank #2 (Buy). The Zacks Consensus Estimate for the quarter is pegged at 20 cents. Last quarter, the company posted a positive earnings surprise of 100.00%. Notably, Mistras has surpassed the Zacks Consensus Estimate thrice in the four preceding quarters with an average positive surprise of 70.45%.
Rogers Corporation (ROG - Free Report) is anticipated to report second-quarter 2016 results. The company manufactures and sells specialty polymer composite materials and components in the growing markets and applications around the world.
For the quarter, the company has an Earnings ESP of 0.00% and a Zacks Rank #3 (Hold). The Zacks Consensus Estimate for the quarter is pegged at 86 cents. Last quarter, the company posted a positive earnings surprise of 54.10%. Notably, Rogers has surpassed the Zacks Consensus Estimate in all of the last four quarters with an average positive surprise of 33.24%.
Kimball Electronics Inc. (KE - Free Report) is set to report fourth-quarter fiscal 2016 results. The company operates as a contract manufacturer of durable goods electronics. Moreover, it specializes in durable electronics for the medical, automotive, industrial and public safety markets.
For the quarter, the company has an Earnings ESP of 0.00% and a Zacks Rank #3. The Zacks Consensus Estimate for the quarter is pegged at 21 cents. Last quarter, the company posted a positive earnings surprise of 30.00%.
American Superconductor Corporation (AMSC - Free Report) is expected to report first-quarter fiscal 2017 results. It is a leading energy technology company, which develops and sells a wide range of products and solutions based on power electronic systems and high-temperature superconductor wires that dramatically improve the efficiency, reliability and quality of electricity during generation, transmission, distribution and use.
For the quarter, the company has an Earnings ESP of 0.00% and a Zacks Rank #4 (Sell). The Zacks Consensus Estimate for the quarter is pegged at loss of 94 cents. Last quarter, the company posted a positive earnings surprise of 43.33%.
Cubic Corporation is anticipated to report third-quarter fiscal 2016 results. It is the parent company of two major business segments – defense and transportation. The Cubic Defense Applications group is a world leader in realistic combat training systems, mission support services and defense electronics. Cubic Transportation Systems, on other hand, designs and manufactures automatic fare collection systems for public transit authorities.
For the quarter, the company has an Earnings ESP of 0.00% and a Zacks Rank #5 (Strong Sell). The Zacks Consensus Estimate for the quarter is pegged at 64 cents. Last quarter, the company posted a negative earnings surprise of 35.59%.Notably, Cubic has missed the Zacks Consensus Estimate thrice in the four trailing quarters with an average negative surprise of 49.45%.
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Electronics Stocks to Post Earnings on Aug 3: MG, ROG & More
Getting into the thick of the Q2 earnings season, we have seen releases from 317 S&P 500 members of the S&P 500 as of Jul 29, accounting for 73.5% of the index’s total market capitalization.
Although Q2 is still on track to be the fifth quarter in a row to record negative earnings growth, the rate of growth has improved modestly from last quarter’s levels. Similarly, even though estimates for the third quarter are still moving south, the magnitude of the fall has declined considerably. Nevertheless, growth remains problematic.
Based on the quarterly results of 84.6% of the Technology sector’s total market cap in the index that have been declared so far, performance of this space has been remarkably better than our expectations. Total earnings for these companies have dipped only 0.9% on 2.1% higher revenues, with a whopping 83.3% beating earnings estimates and 77.8% exceeding top-line expectations.
Total earnings in the tech sector are now expected to be down 0.1% on 2.7% higher revenues, marking an improvement over last quarter’s 4.5% earnings decline on 0.4% higher revenues.
Among the companies slated to report this week, let’s find out what’s in the cards for these five Electronics stocks, all of which are scheduled to report results on Aug 3.
Mistras Group Inc. (MG - Free Report) is anticipated to report fourth-quarter fiscal 2016 results. The company is a global provider of technology-enabled, non-destructive testing (NDT) solutions used to evaluate the structural integrity of critical energy, industrial and public infrastructure.
For the quarter, the company has an Earnings ESP of 0.00% and a Zacks Rank #2 (Buy). The Zacks Consensus Estimate for the quarter is pegged at 20 cents. Last quarter, the company posted a positive earnings surprise of 100.00%. Notably, Mistras has surpassed the Zacks Consensus Estimate thrice in the four preceding quarters with an average positive surprise of 70.45%.
MISTRAS GROUP Price and EPS Surprise
MISTRAS GROUP Price and EPS Surprise | MISTRAS GROUP Quote
Rogers Corporation (ROG - Free Report) is anticipated to report second-quarter 2016 results. The company manufactures and sells specialty polymer composite materials and components in the growing markets and applications around the world.
For the quarter, the company has an Earnings ESP of 0.00% and a Zacks Rank #3 (Hold). The Zacks Consensus Estimate for the quarter is pegged at 86 cents. Last quarter, the company posted a positive earnings surprise of 54.10%. Notably, Rogers has surpassed the Zacks Consensus Estimate in all of the last four quarters with an average positive surprise of 33.24%.
ROGERS CORP Price and EPS Surprise
ROGERS CORP Price and EPS Surprise | ROGERS CORP Quote
Kimball Electronics Inc. (KE - Free Report) is set to report fourth-quarter fiscal 2016 results. The company operates as a contract manufacturer of durable goods electronics. Moreover, it specializes in durable electronics for the medical, automotive, industrial and public safety markets.
For the quarter, the company has an Earnings ESP of 0.00% and a Zacks Rank #3. The Zacks Consensus Estimate for the quarter is pegged at 21 cents. Last quarter, the company posted a positive earnings surprise of 30.00%.
KIMBALL ELECTRN Price and EPS Surprise
KIMBALL ELECTRN Price and EPS Surprise | KIMBALL ELECTRN Quote
American Superconductor Corporation (AMSC - Free Report) is expected to report first-quarter fiscal 2017 results. It is a leading energy technology company, which develops and sells a wide range of products and solutions based on power electronic systems and high-temperature superconductor wires that dramatically improve the efficiency, reliability and quality of electricity during generation, transmission, distribution and use.
For the quarter, the company has an Earnings ESP of 0.00% and a Zacks Rank #4 (Sell). The Zacks Consensus Estimate for the quarter is pegged at loss of 94 cents. Last quarter, the company posted a positive earnings surprise of 43.33%.
AMER SUPERCON Price and EPS Surprise
AMER SUPERCON Price and EPS Surprise | AMER SUPERCON Quote
Cubic Corporation is anticipated to report third-quarter fiscal 2016 results. It is the parent company of two major business segments – defense and transportation. The Cubic Defense Applications group is a world leader in realistic combat training systems, mission support services and defense electronics. Cubic Transportation Systems, on other hand, designs and manufactures automatic fare collection systems for public transit authorities.
For the quarter, the company has an Earnings ESP of 0.00% and a Zacks Rank #5 (Strong Sell). The Zacks Consensus Estimate for the quarter is pegged at 64 cents. Last quarter, the company posted a negative earnings surprise of 35.59%.Notably, Cubic has missed the Zacks Consensus Estimate thrice in the four trailing quarters with an average negative surprise of 49.45%.
CUBIC CORP Price and EPS Surprise
CUBIC CORP Price and EPS Surprise | CUBIC CORP Quote
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