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The Zacks Analyst Blog Highlights: Netflix, Goldman Sachs, Qualcomm and Microsoft

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For Immediate Release

Chicago, IL – July 17, 2017 – announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Netflix (NASDAQ: (NFLX - Free Report) – Free Report ), Goldman Sachs (NYSE: (GS - Free Report) Free Report ), Qualcomm (NASDAQ: (QCOM - Free Report) Free Report ) and Microsoft (NASDAQ: (MSFT - Free Report) Free Report ).

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Here are highlights from Friday’s Analyst Blog:

Upcoming Stocks to Watch for Earnings This Week: NFLX, GS, QCOM, MSFT

Q2 earnings season is finally here, and the next few weeks promise to be extremely busy throughout the global markets. As always, these earnings reports will give us a better picture of the latest consumer trends and the overall state of the economy, which means it’s incredibly important for investors to stay tuned in right now.

But with thousands of earnings releases pouring in over the next month or so, it can be hard to keep track of when the most important companies are reporting.

With that said, investors can always use the Zacks Earnings Calendar to plan out their schedules for earnings, dividend announcements, and other important financial releases. This handy tool is your perfect one-stop-shop to properly prepare for the market events that will have an impact on your own portfolio.

And today, we’ve made that task even easier for you. Using the Earnings Calendar, we looked ahead to next week—one of the first truly packed weeks for earnings—and selected the biggest reports to watch. Make sure to keep an eye on these companies as they prepare to report during the week of July 17:

Video streaming giant Netflix is set to release its second-quarter fiscal 2017 earnings results after the bell on Monday. Our Zacks Consensus Estimates currently call for earnings of $0.16 per share and revenue of $2.76 billion, which would represent year-over-year growth rates of 74% and 31%, respectively.

The company is expected to add about 600 thousand domestic subscribers and 2.6 million international subscribers, bringing the streamer’s total membership count comfortably above 102 million. The stock is currently a Zacks Rank #2 (Buy), but with an Earnings ESP of 0%, surprise prediction is more difficult. Nevertheless, Netflix has surpassed its earnings estimates by an average of 118% in each of the trailing four quarters.

Investment banking behemoth Goldman Sachs is scheduled to report its second-quarter 2017 financial results before the market opens on July 18. The Zacks Consensus Estimate for earnings sits at $3.51 per share, while our consensus revenue estimate calls for $7.57 billion. These figures would reflect year-over-year slumps of about 6% and 5%, respectively.

Last quarter, Goldman missed earnings estimates by 4.3%, partially because of lower trading revenues. That issue is expected to be a problem again, and with several negative estimate revisions dragging the stock down to a Zacks Rank #4 (Sell), this financial powerhouse is looking risky as we head towards its report.

Qualcomm, a leader in the global semiconductor industry, is scheduled to report is fiscal third-quarter earnings after the market closes on July 19. Despite the overall strength of the semiconductor space, our Zacks Consensus Estimates call for earnings of $0.67 per share, a 35% drop from the year-ago quarter, and revenues of $5.22 billion, a nearly 14% slump.

The company is currently locked in a heated legal battle with Apple (AAPL), and it was forced to update its guidance to exclude royalty revenues from Apple’s contract manufacturers. This has sent the company’s earnings estimates lower, which has contributed to its Zacks Rank #4 (Sell) position. Nevertheless, Qualcomm has been a consistent performer, surpassing the Zacks Consensus Estimate by an average of 14% in each of the trailing four quarters.

Software pioneer Microsoft is slated to report its fourth-quarter fiscal 2017 earnings results after the bell next Thursday. Our current Zacks Consensus Estimates call for earnings of 71 cents per share and revenues of $24.19 billion. These results would represent year-over-year growth of about 2% and 17%, respectively.

Over the past few years, Microsoft has pivoted away from a PC-minded, software sales business and towards a more cloud-focused model. The insane growth of its Azure cloud division has been well-documented, and investors can be certain that this unit will continue to be a major factor. But although the company currently has a Zacks Rank #2 (Buy), its negative Earnings ESP makes surprise prediction challenging.

Of course, these are just a few of the several hundred companies that are expected to report next week. However, these major announcements should provide investors with a better sense of how earnings season is going across the board. Make sure to check back here for our full coverage and commentary as the results start to come in!

And for more of the most important news, make sure to check out the latest episode of the Zacks Friday Finish Line podcast:

Want more stock market analysis from this author? Make sure to follow @ Ryan_McQueeney on Twitter!

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit for information about the performance numbers displayed in this press release.

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