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With the Q2 earnings cycle in full swing, a number of tech companies are slated to report their quarterly numbers over the next few days. So far, the earnings scenario for the overall sector has been pretty impressive.

Per the latest Earnings Outlook, 37% of the sector’s market cap in the S&P 500 index has already reported, as of Jul 25. According to the article, approximately 90.9% of the companies delivered positive earnings surprises, while 81.8% beat top-line expectations. Earnings of these companies are up 13.2% from the same period last year, while revenues increased 11.1%.

Technology is one of the three sectors contributing significantly to second-quarter earnings. The other two are Finance and Energy. Technology giants such as Facebook (FB - Free Report) and Amazon (AMZN - Free Report) are scheduled to report quarterly numbers this week.

We note that the technology sector has been a strong performer on a year-to-date basis. The sector is benefiting from increasing demand for cloud-based platforms, growing adoption of Artificial Intelligence (AI) solutions, Augmented/Virtual reality devices, autonomous cars, advanced driver assisted systems (ADAS) and Internet of Things (IoT) related software.

However, this does not ensure earnings beat for all companies in the space. It should be noted that a company’s earnings outperformance is dependent on the overall business environment as well as on management’s ability to implement operating and strategic plans.

In other words, a company may perform dismally despite a favorable business environment if it fails to capitalize on the opportunities due to lack of execution.

Let’s see what’s in store for these tech stocks, all of which are expected to release quarterly numbers on Jul 27.

Fortive Corporation (FTV - Free Report) is likely to beat second-quarter 2017 expectations as it has a favorable combination of a Zacks Rank #2 (Buy) and an Earnings ESP of +2.9%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

This is because, as per our proven model, a company needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 or at least 3 (Hold) to deliver an earnings surprise. You can see the complete list of today’s Zacks #1 Rank stocks here.

We caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into an earnings announcement, especially when the company is seeing negative estimate revisions.

The Zacks Consensus Estimate for the quarter is pegged at 69 cents. Last quarter, the company delivered a positive earnings surprise of 5.3%. Notably, Fortive outperformed the Zacks Consensus Estimate in the trailing four quarters, with an average positive surprise of 5.9%. Shares of Fortive have gained 17.6% year to date, underperforming the industry’s 29.5% rally. (Read more: Fortive Likely to Deliver a Surprise in Q2 Earnings)

Mettler-Toledo International, Inc. (MTD - Free Report) is also likely to beat second-quarter 2017 expectations as it has an Earnings ESP of +0.77% and a Zacks Rank #2. The Zacks Consensus Estimate for the quarter is pegged at $3.89. Last quarter, the company came up with a positive earnings surprise of 8.4%. Notably, Mettler-Toledo International has outperformed the Zacks Consensus Estimate in the trailing four quarters with an average positive surprise of 5.3%. Mettler-Toledo International stock has gained 43.5% year to date, substantially outperforming the 31.8% rally of the industry it belongs to.

However, KLA-Tencor Corporation (KLAC - Free Report) does not seem poised to beat fourth-quarter fiscal 2017 expectations as it has an Earnings ESP of 0.00% and Zacks Rank #2. The Zacks Consensus Estimate for the quarter is pegged at $1.59. Last quarter, the company pulled off a positive earnings surprise of 5.2%. Notably, KLA-Tencor has outperformed the Zacks Consensus Estimate in the trailing four quarters with an average positive surprise of 11.6%. KLA-Tencor stock has gained 26% year to date, substantially underperforming the 40.9% rally of the industry it belongs to. (Read more: KLA-Tencor Q4 Earnings: Is a Surprise in the Cards?)

Twitter Inc. (TWTR - Free Report) is also not likely to beat second-quarter 2017 estimates as it has an Earnings ESP of 0.00% and Zacks Rank #1. The Zacks Consensus Estimate for the quarter is pegged at a loss of 12 cents. Last quarter, the company came up with a positive earnings surprise of 68.8%. Notably, Twitter has outperformed the Zacks Consensus Estimate in the trailing four quarters with an average positive surprise of 50.4%. Twitter stock has gained 22.5% year to date, outperforming the 19.3% rally of the industry it belongs to. (Read more: Twitter to Report Q2 Earnings: A Surprise in Store?)

Similarly, VeriSign Inc. (VRSN - Free Report) is unlikely to surpass second-quarter 2017 expectations as it has an Earnings ESP of 0.00% and a Zacks Rank #3. The Zacks Consensus Estimate for the quarter is pegged at 91 cents. Last quarter, the company’s earnings were in line with the Zacks Consensus Estimate.  Shares of VeriSign have gained 32.7% year to date, underperforming the industry’s 36.8% rally. (Read more: What's in the Cards for VeriSign in Q2 Earnings?)

Even Western Digital Corporation (WDC - Free Report) seems unlikely to beat fourth-quarter fiscal 2017 expectations. Although, the stock has a +1.99% Earnings ESP, it carries a Zacks Rank #4 (Sell). The Zacks Consensus Estimate for the quarter is pegged at $2.51. Last quarter, the company delivered a positive surprise of 11.9%. Notably, Western Digital has outperformed the Zacks Consensus Estimate in the trailing four quarters with an average positive surprise of 13.5%. Western Digital has gained 38% year to date, outperforming the 18.5% rally of the industry it belongs to. (Read more: What's in Store for Western Digital in Q4 Earnings?)

Tech giant, Intel Corporation’s (INTC - Free Report) second-quarter 2017 results are likely to disappoint. The stock has a Zacks Rank #4 and -1.47% Earnings ESP. The Zacks Consensus Estimate for the quarter is pegged at 68 cents. Last quarter, the company came up with a positive earnings surprise of 1.5%. Notably, Intel has outperformed the Zacks Consensus Estimate in the trailing four quarters, witnessing an average positive surprise of approximately 7%. Shares of Intel have lost 4.4% year to date, compared with the industry’s 13.8% gain. (Read more: Intel to Post Q2 Earnings: Disappointment in Cards?)

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