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Electronic Stocks' Q3 Earnings on Nov 1: AME, MBLY & More
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The third-quarter earnings season is in full swing, with as many as 1,085 companies, including 130 S&P 500 members, scheduled to post their financial numbers this week.
The reporting cycle has kept investors glued to earnings releases in the lookout for companies that are poised to beat. The results so far have been encouraging, with companies recording better earnings and revenue growth than in the past few quarters.
This earnings season is thus on track to be the first quarter to move into the positive territory, following five back-to-back quarters of decline for the S&P 500 Index. In fact, as per the latest Earnings Preview (released on Oct 28, 2016), we saw Q3 results from 291 S&P 500 members that together account for 68.5% of the index’s total market capitalization. Total earnings for these members are up 2.2% from the same period last year on 1.3% higher revenues, with 73.5% beating earnings per share (EPS) estimates and 57.4% coming ahead of top-line expectations.
Coming to the technology sector, we now have results from 52.5% of the sector’s total market cap in the index. The results here are so far better than expected. Total earnings in this sector are up 1.6% on 1.5% lower revenues. Also, the beat ratio is impressive, with 87.5% exceeding EPS estimates and 75.0% surpassing revenue expectations.
Among the technology firms slated to report their third-quarter earnings results on Nov 1, let’s see what’s ahead for these four electronic stocks:
Ametek Inc. (AME - Free Report) is unlikely to beat earnings estimates as it has an Earnings ESP of -1.82%. Also, the stock holds a Zacks Rank #4 (Sell). We caution against stocks with a Zacks Rank #4 or5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions. (Read more: What's in the Cards for Ametek (AME - Free Report) this Earnings Season?)
Mobileye N.V. (MBLY - Free Report) is also unlikely to beat earnings estimates as both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 12 cents, resulting in an Earnings ESP of 0.0%. The stock carries a Zacks Rank #3 (Hold), which increases the predictive power of ESP. But a +0.00% ESP makes surprise prediction difficult. Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.
We also note that Mobileye N.V. missed the consensus mark in one quarter out of the preceding four, resulting in a positive average surprise of 2.50%.
Trimble Inc. (TRMB - Free Report) has an Earnings ESP of 0.00% as the Most Accurate estimate and the Zacks Consensus Estimate are both at 27 cents. Notably, the stock holds a Zacks Rank #4, which further decreases the predictive power of ESP. Trimble surpassed the Zacks Consensus Estimate in three of the trailing four quarters, with an average positive surprise of 9.96%.
Sanmina Corporation (SANM - Free Report) is also unlikely to beat earnings estimates as both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 67 cents, resulting in an Earnings ESP of 0.00%. The stock carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Stay tuned! Check back on our full write-up on earnings releases of these stocks.
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Electronic Stocks' Q3 Earnings on Nov 1: AME, MBLY & More
The third-quarter earnings season is in full swing, with as many as 1,085 companies, including 130 S&P 500 members, scheduled to post their financial numbers this week.
The reporting cycle has kept investors glued to earnings releases in the lookout for companies that are poised to beat. The results so far have been encouraging, with companies recording better earnings and revenue growth than in the past few quarters.
This earnings season is thus on track to be the first quarter to move into the positive territory, following five back-to-back quarters of decline for the S&P 500 Index. In fact, as per the latest Earnings Preview (released on Oct 28, 2016), we saw Q3 results from 291 S&P 500 members that together account for 68.5% of the index’s total market capitalization. Total earnings for these members are up 2.2% from the same period last year on 1.3% higher revenues, with 73.5% beating earnings per share (EPS) estimates and 57.4% coming ahead of top-line expectations.
Coming to the technology sector, we now have results from 52.5% of the sector’s total market cap in the index. The results here are so far better than expected. Total earnings in this sector are up 1.6% on 1.5% lower revenues. Also, the beat ratio is impressive, with 87.5% exceeding EPS estimates and 75.0% surpassing revenue expectations.
Among the technology firms slated to report their third-quarter earnings results on Nov 1, let’s see what’s ahead for these four electronic stocks:
Ametek Inc. (AME - Free Report) is unlikely to beat earnings estimates as it has an Earnings ESP of -1.82%. Also, the stock holds a Zacks Rank #4 (Sell). We caution against stocks with a Zacks Rank #4 or5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions. (Read more: What's in the Cards for Ametek (AME - Free Report) this Earnings Season?)
AMETEK INC Price and EPS Surprise
AMETEK INC Price and EPS Surprise | AMETEK INC Quote
Mobileye N.V. (MBLY - Free Report) is also unlikely to beat earnings estimates as both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 12 cents, resulting in an Earnings ESP of 0.0%. The stock carries a Zacks Rank #3 (Hold), which increases the predictive power of ESP. But a +0.00% ESP makes surprise prediction difficult. Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.
We also note that Mobileye N.V. missed the consensus mark in one quarter out of the preceding four, resulting in a positive average surprise of 2.50%.
MOBILEYE NV Price and EPS Surprise
MOBILEYE NV Price and EPS Surprise | MOBILEYE NV Quote
Trimble Inc. (TRMB - Free Report) has an Earnings ESP of 0.00% as the Most Accurate estimate and the Zacks Consensus Estimate are both at 27 cents. Notably, the stock holds a Zacks Rank #4, which further decreases the predictive power of ESP. Trimble surpassed the Zacks Consensus Estimate in three of the trailing four quarters, with an average positive surprise of 9.96%.
TRIMBLE INC Price and EPS Surprise
TRIMBLE INC Price and EPS Surprise | TRIMBLE INC Quote
Sanmina Corporation (SANM - Free Report) is also unlikely to beat earnings estimates as both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 67 cents, resulting in an Earnings ESP of 0.00%. The stock carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
SANMINA CORP Price and EPS Surprise
SANMINA CORP Price and EPS Surprise | SANMINA CORP Quote
Stay tuned! Check back on our full write-up on earnings releases of these stocks.
Looking for Ideas with Even Greater Upside?
Today's investment ideas are short-term, directly based on our proven 1 to 3 month indicator. In addition, I invite you to consider our long-term opportunities. These rare trades look to start fast with strong Zacks Ranks, but carry through with double and triple-digit profit potential. Starting now, you can look inside our home run, value, and stocks under $10 portfolios, plus more. Click here for a peek at this private information >>