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Tech Stocks to Watch for Earnings on Nov 11: EUTLF, EMAN
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The overall earnings scenario has been quite encouraging this season. With most of the companies having already announced their quarterly numbers, it is now certain that this quarter will be the first to see positive earnings growth after five consecutive quarters of decline. Our latest Earnings Outlook now predicts earnings growth of 3.3% year over year on 1.5% higher revenues. Moreover, we expect the trend to continue in the upcoming quarters.
Even though the earnings season is drawing to a close, some stocks are yet to report their quarterly figures. Let us take a look at two of such technology stocks that are scheduled to announce their earnings on Nov 11.
Eutelsat Communications S.A. (EUTLF - Free Report) broadcasts television channels to cable and satellite homes. Slated to announce its first-quarter fiscal 2017 figures, this Zacks Rank #5 (Strong Sell) stock has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
According to our proven model, a company needs the right combination of two key ingredients – a positive Earnings ESP and a Zacks Rank #3 (Hold) or better – to increase the odds of an earnings surprise. However, we caution against stocks with a Zacks Rank #4 or 5 (Sell-rated) going into the earnings announcement.
eMagin Corp. is a leading developer of virtual imaging technology. This Zacks Rank #3 (Hold) stock is expected to announce its third-quarter 2016 results on Nov 11. eMagin has a combination of a Zacks Rank #3 and an Earnings ESP of 0.00% (the Most Accurate estimate and Zacks Consensus Estimate are at a loss of 7 cents). Though the company’s Zacks Rank #3 increases the predictive power of ESP, its 0.00% ESP makes surprise prediction difficult.
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Tech Stocks to Watch for Earnings on Nov 11: EUTLF, EMAN
The overall earnings scenario has been quite encouraging this season. With most of the companies having already announced their quarterly numbers, it is now certain that this quarter will be the first to see positive earnings growth after five consecutive quarters of decline. Our latest Earnings Outlook now predicts earnings growth of 3.3% year over year on 1.5% higher revenues. Moreover, we expect the trend to continue in the upcoming quarters.
Even though the earnings season is drawing to a close, some stocks are yet to report their quarterly figures. Let us take a look at two of such technology stocks that are scheduled to announce their earnings on Nov 11.
Eutelsat Communications S.A. (EUTLF - Free Report) broadcasts television channels to cable and satellite homes. Slated to announce its first-quarter fiscal 2017 figures, this Zacks Rank #5 (Strong Sell) stock has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
According to our proven model, a company needs the right combination of two key ingredients – a positive Earnings ESP and a Zacks Rank #3 (Hold) or better – to increase the odds of an earnings surprise. However, we caution against stocks with a Zacks Rank #4 or 5 (Sell-rated) going into the earnings announcement.
EUTELSAT COMMUN Price and Consensus
EUTELSAT COMMUN Price and Consensus | EUTELSAT COMMUN Quote
eMagin Corp. is a leading developer of virtual imaging technology. This Zacks Rank #3 (Hold) stock is expected to announce its third-quarter 2016 results on Nov 11. eMagin has a combination of a Zacks Rank #3 and an Earnings ESP of 0.00% (the Most Accurate estimate and Zacks Consensus Estimate are at a loss of 7 cents). Though the company’s Zacks Rank #3 increases the predictive power of ESP, its 0.00% ESP makes surprise prediction difficult.
EMAGIN CORP Price and Consensus
EMAGIN CORP Price and Consensus | EMAGIN CORP Quote
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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