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Upcoming Earnings Reports to Watch: PANW, AMBA, AVGO

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Earnings season quietly wrapped up this week, with the latest reports easily overshadowed by political tensions in the European Union, heightened trade drama between the U.S. and its allies, and another solid jobs reports. Now, as we enter a slow period for earnings announcements, investors will likely have to search harder for compelling new results.

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.

There are not a ton of marquee reports to watch for in the upcoming week, but investors with an eye on the tech sector might be interested in a few names, including one of the world’s largest semiconductor companies.

Using the Earnings Calendar, we looked ahead to next week and selected the top reports to watch. Make sure to keep an eye on these companies as they prepare to report during the week of June 4.

1.       Palo Alto Networks (PANW - Free Report)

Shares of cybersecurity player Palo Alto Networks have surged more than 90% since rebounding from a multi-year stretch of volatility in April of last year, and with the stock now near its all-time highs, investors will be hoping for another great report from the firm. PANW is sporting a Zacks Rank #3 (Hold) ahead of its announcement on June 4.

According to our latest Zacks Consensus Estimates, analysts are expecting PANW to report earnings of $0.96 per share and revenue of $545.7 million. These results would represent growth about 57% and 26%, respectively, from the year-ago period.

 

2.       Ambarella, Inc. (AMBA - Free Report)

The high-growth days of Ambarella and GoPro (GPRO - Free Report) have long since passed, but this imaging tech expert still attracts plenty of attention—especially considering its efforts to capture the self-driving car industry. Still, the stock is down more than 15% over the past year and does not present the most exciting growth prospects.

Consensus estimates are calling for earnings of $0.09 per share and revenue of $56.2 million, which would represent year-over-year slumps of 77% and 12%, respectively. AMBA is currently holding a Zacks Rank #3 (Hold) just a few days before its report date.

 

3.       Broadcom Limited (AVGO - Free Report)

Semiconductor behemoth Broadcom is scheduled to report its latest quarterly financial results after the market closes on June 7. The stock has had an up-and-down year, but shares have popped nearly 10% in the past year and are entering the earnings week with solid momentum. However, AVGO is currently sporting a Zacks Rank #4 (Sell).

Based on our most recent Zacks Consensus Estimates, we expect AVGO to post adjusted earnings of $4.76 per share and revenue of $5.0 billion. These figures would represent year-over-year growth of 29% and 19%, respectively.

 

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

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