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 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 such telecom stocks that are scheduled to announce their third-quarter 2016 earnings on Nov 14.
Cellcom Israel Ltd. is the leading cellular provider in Israel. This Zacks Rank #3 (Hold) stock has an Earnings ESP of 0.00% (the Most Accurate estimate and Zacks Consensus Estimate are at 11 cents).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. Though Cellcom Israel’s Zacks Rank #3 increases the predictive power of ESP, its 0.00% ESP makes surprise prediction difficult.
Ceragon Networks Ltd. (CRNT - Free Report) is a leading provider of high-capacity wireless backhaul solutions for cellular and fixed wireless operators, enterprises and government organizations. Ceragon Networks has a combination of a Zacks Rank #3 and an Earnings ESP of 0.00% (the Most Accurate estimate and the Zacks Consensus Estimate are at 3 cents). The combination of a Zacks Rank #3 and 0.00% ESP doesn’t show an earnings beat for Ceragon Networks this quarter.
SITO Mobile, Ltd. (SITO - Free Report) is a technology based mobile solutions provider. This Zacks Rank #1 (Strong Buy) stock has an Earnings ESP of 100% as the Most Accurate estimate currently stands at 4 cents while the Zacks Consensus Estimate is pegged at 2 cents. SITO Mobile’s combination of a Zacks Rank #1 and a positive ESP makes us confident of an earnings beat this quarter. You can see the complete list of today’s Zacks #1 Rank stocks here.
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