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Electronic Stocks' Earnings Due on Apr 26: TEL, APH & More
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We have entered into the heart of the Q1 earnings season, with nearly 800 companies reporting their numbers this week, including 191 S&P 500 members. A clearer picture of the earnings season is expected to emerge by the end of this week, as we cross the halfway mark in the Q1 reporting cycle for the S&P 500 index.
As on Apr 21, we have results from 95 S&P 500 members, accounting for 24.9% of the index’s total market capitalization, combined. Total earnings of these companies are up 14.3% year over year, on 4.6% higher revenues. (For more details, read our latest Earnings Preview article).
Of the companies that have reported results, 72.6% surpassed earnings estimates, with 62.1% coming ahead of revenue estimates. Clearly, growth has been steadily accelerating compared to the preceding quarter and is actually on pace to reach its highest level in nearly three years.
In fact, our latest data projects that the earnings for the S&P 500 companies are now on track to grow an impressive 9.1% from the year-ago period, on 6% higher revenues. This is comparable to earnings growth of 7.4% in fourth-quarter 2016 on 4.8% higher revenues.
The technology space is one of the sectors expected to chart positive earnings growth this quarter. Its earnings are on track to be up 11.2% in the quarter, on 6.2% higher sales compared with the last year.
Let’s have a look at how some electronics companies within the sector, like TE Connectivity Ltd. (TEL - Free Report) , Amphenol Corporation (APH - Free Report) , OSI Systems, Inc. (OSIS - Free Report) and Teradyne, Inc. (TER - Free Report) are poised, ahead of their scheduled announcements tomorrow.
TE Connectivity, a market leader in the connectivity and sensor business, operates as a global provider of engineered electronic components, network solutions and systems, and wireless systems. The company has an impressive earnings surprise history, having beaten estimates each time in the trailing four quarters, for an average positive surprise of 6.7%. In the last reported quarter, the company surpassed estimates by 15%.
Our quantitative model hints at an earnings beat for this Zacks Rank #2 (Buy) company in Q1. This is because it has an Earnings ESP of +0.93% (the Most Accurate estimate of $1.09 being higher than the Zacks Consensus Estimate of $1.08), in addition to the favorable Zacks Rank. Note that stocks with a Zacks Rank #1 (Strong Buy), or 2 or 3 (Hold) have a significantly higher chance of beating estimates. You can see the complete list of today’s Zacks #1 Rank stocks here.
Amphenol is one of the world's largest designers, manufacturers and marketers of electrical, electronic and fiber optic connectors, interconnect systems, and coaxial and flat-ribbon cable. Amphenol, too, has a striking earnings beat history, having surpassed estimates each time in the trailing four quarters, for an average positive surprise of 5%. In the last reported quarter, the company beat estimates by 4.2%.
Our proven model shows that this Zacks Rank #3 company is likely to beat on earnings in the to-be-reported quarter. Amphenol presently has an Earnings ESP of +1.52%, as the Most Accurate estimate of 67 cents is higher than the Zacks Consensus Estimate of 66 cents. (For more details, read: Can Amphenol Continue its Earnings Momentum in Q1?)
A favorable rank and positive Earnings ESP hint toward an earnings beat this season for the company. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Similarly, we expect Teradyne to outperform estimates when it reports quarterly results tomorrow. The company is a manufacturer of automatic test equipment and related software for the electronics and communications industries. It boasts a remarkable earnings surprise history, with an average surprise of 24.9% for the trailing four quarters, beating estimates all through. In the last reported quarter, the company posted a huge earnings beat of 52.4%.
For the to-be-reported quarter, the company’s Earnings ESP of +2.63% and a favorable Zacks Rank #2 indicate that Teradyne’s earnings will likely beat estimates this quarter. Its Most Accurate estimate of 39 cents is higher than the Zacks Consensus Estimate of 38 cents. (Read More: Teradyne Likely to Deliver a Surprise in Q1 Earnings)
OSI Systems is a premier worldwide designer and provider of components, subsystems and end-products based on optical and electromechanical pressure sensor technologies. The company has a modest earnings history, having beaten estimates strongly in three of the trailing four quarters for one miss, with an average positive surprise of 12.9%. In the last reported quarter, the company exceeded earnings estimates by 15.3%.
We do not expect OSI Systems to beat expectations this quarter. Though the company’s Zacks Rank #2 increases the predictive power of ESP, its Earnings ESP of 0.00% makes surprise prediction difficult. The Zacks Consensus Estimate for the quarter is pegged at 80 cents.
Keep an eye on our full earnings articles to see how these players finally fared in quarter.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
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Electronic Stocks' Earnings Due on Apr 26: TEL, APH & More
We have entered into the heart of the Q1 earnings season, with nearly 800 companies reporting their numbers this week, including 191 S&P 500 members. A clearer picture of the earnings season is expected to emerge by the end of this week, as we cross the halfway mark in the Q1 reporting cycle for the S&P 500 index.
As on Apr 21, we have results from 95 S&P 500 members, accounting for 24.9% of the index’s total market capitalization, combined. Total earnings of these companies are up 14.3% year over year, on 4.6% higher revenues. (For more details, read our latest Earnings Preview article).
Of the companies that have reported results, 72.6% surpassed earnings estimates, with 62.1% coming ahead of revenue estimates. Clearly, growth has been steadily accelerating compared to the preceding quarter and is actually on pace to reach its highest level in nearly three years.
In fact, our latest data projects that the earnings for the S&P 500 companies are now on track to grow an impressive 9.1% from the year-ago period, on 6% higher revenues. This is comparable to earnings growth of 7.4% in fourth-quarter 2016 on 4.8% higher revenues.
The technology space is one of the sectors expected to chart positive earnings growth this quarter. Its earnings are on track to be up 11.2% in the quarter, on 6.2% higher sales compared with the last year.
Let’s have a look at how some electronics companies within the sector, like TE Connectivity Ltd. (TEL - Free Report) , Amphenol Corporation (APH - Free Report) , OSI Systems, Inc. (OSIS - Free Report) and Teradyne, Inc. (TER - Free Report) are poised, ahead of their scheduled announcements tomorrow.
TE Connectivity, a market leader in the connectivity and sensor business, operates as a global provider of engineered electronic components, network solutions and systems, and wireless systems. The company has an impressive earnings surprise history, having beaten estimates each time in the trailing four quarters, for an average positive surprise of 6.7%. In the last reported quarter, the company surpassed estimates by 15%.
Our quantitative model hints at an earnings beat for this Zacks Rank #2 (Buy) company in Q1. This is because it has an Earnings ESP of +0.93% (the Most Accurate estimate of $1.09 being higher than the Zacks Consensus Estimate of $1.08), in addition to the favorable Zacks Rank. Note that stocks with a Zacks Rank #1 (Strong Buy), or 2 or 3 (Hold) have a significantly higher chance of beating estimates. You can see the complete list of today’s Zacks #1 Rank stocks here.
TE Connectivity Ltd. Price and EPS Surprise
TE Connectivity Ltd. Price and EPS Surprise | TE Connectivity Ltd. Quote
Amphenol is one of the world's largest designers, manufacturers and marketers of electrical, electronic and fiber optic connectors, interconnect systems, and coaxial and flat-ribbon cable. Amphenol, too, has a striking earnings beat history, having surpassed estimates each time in the trailing four quarters, for an average positive surprise of 5%. In the last reported quarter, the company beat estimates by 4.2%.
Our proven model shows that this Zacks Rank #3 company is likely to beat on earnings in the to-be-reported quarter. Amphenol presently has an Earnings ESP of +1.52%, as the Most Accurate estimate of 67 cents is higher than the Zacks Consensus Estimate of 66 cents. (For more details, read: Can Amphenol Continue its Earnings Momentum in Q1?)
A favorable rank and positive Earnings ESP hint toward an earnings beat this season for the company. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Similarly, we expect Teradyne to outperform estimates when it reports quarterly results tomorrow. The company is a manufacturer of automatic test equipment and related software for the electronics and communications industries. It boasts a remarkable earnings surprise history, with an average surprise of 24.9% for the trailing four quarters, beating estimates all through. In the last reported quarter, the company posted a huge earnings beat of 52.4%.
For the to-be-reported quarter, the company’s Earnings ESP of +2.63% and a favorable Zacks Rank #2 indicate that Teradyne’s earnings will likely beat estimates this quarter. Its Most Accurate estimate of 39 cents is higher than the Zacks Consensus Estimate of 38 cents. (Read More: Teradyne Likely to Deliver a Surprise in Q1 Earnings)
Teradyne, Inc. Price and EPS Surprise
Teradyne, Inc. Price and EPS Surprise | Teradyne, Inc. Quote
OSI Systems is a premier worldwide designer and provider of components, subsystems and end-products based on optical and electromechanical pressure sensor technologies. The company has a modest earnings history, having beaten estimates strongly in three of the trailing four quarters for one miss, with an average positive surprise of 12.9%. In the last reported quarter, the company exceeded earnings estimates by 15.3%.
We do not expect OSI Systems to beat expectations this quarter. Though the company’s Zacks Rank #2 increases the predictive power of ESP, its Earnings ESP of 0.00% makes surprise prediction difficult. The Zacks Consensus Estimate for the quarter is pegged at 80 cents.
OSI Systems, Inc. Price and EPS Surprise
OSI Systems, Inc. Price and EPS Surprise | OSI Systems, Inc. Quote
Keep an eye on our full earnings articles to see how these players finally fared in quarter.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>