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Software Stock Earnings Reports on Feb 2: PCTY, DATA & FEYE
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The technology sector is poised to grab the spotlight as we head into the busiest week of the Q4 earnings cycle. Major software companies are scheduled to report earnings this week.
According to the latest Earnings Outlook report, 171 S&P 500 members or 34.1% of the index’s total membership have reported their quarterly results as of Jan 30. Of these, approximately 64.3% of the companies posted positive earnings surprises, while 54.4% beat top-line expectations. Earnings of these companies grew 6% from the same period last year, while revenues increased 3.1%.
The trend this earnings season indicates that we may finally see back-to-back quarters of earnings growth after five straight quarters of decline. The report projects that earnings for the S&P 500 index will improve 5.3% from the year-ago period, while total revenue will grow 4%.
Talking about the technology sector, as per the report, total earnings are expected to be up 5.9% on 4.4% higher revenues for the fourth quarter. Various technology giants including Facebook and Amazon (AMZN - Free Report) are scheduled to report their quarterly numbers this week.
Let’s see what’s in store for three software stocks, all of which are expected to release quarterly numbers on Feb 2.
Paylocity Holding Corporation (PCTY - Free Report) , which provides cloud-based payroll and human capital management software solutions for medium-sized organizations, is slated to report second-quarter fiscal 2017 results. The stock carries a Zacks Rank #3 (Hold) and 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.
The Zacks Consensus Estimate for the quarter is pegged at a loss of 8 cents. Last quarter, the company posted a positive surprise of 42.86%. Notably, Paylocity has surpassed the Zacks Consensus Estimate in the trailing four quarters with an average positive surprise of 66.78%. (Read more: Paylocity Holding Q2 Earnings: What's in the Cards?)
Paylocity Holding Corporation Price and EPS Surprise
Tableau Software, Inc. , which is engaged in providing analytics and data visualization software, is scheduled to report fourth-quarter 2016 results. The stock has an Earnings ESP of 0.00% and carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for the quarter is pegged at a loss of 37 cents. Last quarter, the company posted a negative surprise of 14.29%. Notably, Tableau Software has missed the Zacks Consensus Estimate in the trailing four quarters with an average negative surprise of 162.69%. (Read more: What's in Store for Tableau Software in Q4 Earnings?)
FireEye Inc. , which provides a security platform for cyber-attacks to enterprises and governments, is slated to report fourth-quarter 2016 results. The stock carries a Zacks Rank #4 (Sell) and has an Earnings ESP of 0.00%.
The Zacks Consensus Estimate for the quarter is pegged at a loss of 49 cents. Last quarter, the company posted a positive surprise of 32.35%. Notably, FireEye has surpassed the Zacks Consensus Estimate in the trailing four quarters with an average positive surprise of 14.51%. (Read more: What's in Store for FireEye this Earnings Season?)
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>
Unique Zacks Analysis of Your Chosen Ticker
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Software Stock Earnings Reports on Feb 2: PCTY, DATA & FEYE
The technology sector is poised to grab the spotlight as we head into the busiest week of the Q4 earnings cycle. Major software companies are scheduled to report earnings this week.
According to the latest Earnings Outlook report, 171 S&P 500 members or 34.1% of the index’s total membership have reported their quarterly results as of Jan 30. Of these, approximately 64.3% of the companies posted positive earnings surprises, while 54.4% beat top-line expectations. Earnings of these companies grew 6% from the same period last year, while revenues increased 3.1%.
The trend this earnings season indicates that we may finally see back-to-back quarters of earnings growth after five straight quarters of decline. The report projects that earnings for the S&P 500 index will improve 5.3% from the year-ago period, while total revenue will grow 4%.
Talking about the technology sector, as per the report, total earnings are expected to be up 5.9% on 4.4% higher revenues for the fourth quarter. Various technology giants including Facebook and Amazon (AMZN - Free Report) are scheduled to report their quarterly numbers this week.
Let’s see what’s in store for three software stocks, all of which are expected to release quarterly numbers on Feb 2.
Paylocity Holding Corporation (PCTY - Free Report) , which provides cloud-based payroll and human capital management software solutions for medium-sized organizations, is slated to report second-quarter fiscal 2017 results. The stock carries a Zacks Rank #3 (Hold) and 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.
The Zacks Consensus Estimate for the quarter is pegged at a loss of 8 cents. Last quarter, the company posted a positive surprise of 42.86%. Notably, Paylocity has surpassed the Zacks Consensus Estimate in the trailing four quarters with an average positive surprise of 66.78%. (Read more: Paylocity Holding Q2 Earnings: What's in the Cards?)
Paylocity Holding Corporation Price and EPS Surprise
Paylocity Holding Corporation Price and EPS Surprise | Paylocity Holding Corporation Quote
Tableau Software, Inc. , which is engaged in providing analytics and data visualization software, is scheduled to report fourth-quarter 2016 results. The stock has an Earnings ESP of 0.00% and carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for the quarter is pegged at a loss of 37 cents. Last quarter, the company posted a negative surprise of 14.29%. Notably, Tableau Software has missed the Zacks Consensus Estimate in the trailing four quarters with an average negative surprise of 162.69%. (Read more: What's in Store for Tableau Software in Q4 Earnings?)
Tableau Software, Inc. Price and EPS Surprise
Tableau Software, Inc. Price and EPS Surprise | Tableau Software, Inc. Quote
FireEye Inc. , which provides a security platform for cyber-attacks to enterprises and governments, is slated to report fourth-quarter 2016 results. The stock carries a Zacks Rank #4 (Sell) and has an Earnings ESP of 0.00%.
The Zacks Consensus Estimate for the quarter is pegged at a loss of 49 cents. Last quarter, the company posted a positive surprise of 32.35%. Notably, FireEye has surpassed the Zacks Consensus Estimate in the trailing four quarters with an average positive surprise of 14.51%. (Read more: What's in Store for FireEye this Earnings Season?)
FireEye, Inc. Price and EPS Surprise
FireEye, Inc. Price and EPS Surprise | FireEye, Inc. Quote
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>