We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Stocks were down across the board on Friday morning, but tech stocks felt the brunt of the selling after sector bellwethers Amazon (AMZN - Free Report) and Alphabet (GOOGL - Free Report) disappointed investors with their latest quarterly earnings reports.
It was a busy week for earnings and a volatile week for Wall Street, which struggled to find a direction as positive results from the likes of Microsoft (MSFT - Free Report) and Tesla (TSLA - Free Report) were overshadowed by external headwinds and disappoint elsewhere.
So the market leaders, especially in the tech sector, delivered a mixed bag over the past few days, but where do we go from here? Have investors found a bottom, or will volatility continue through the remainder of Q3 report season?
We can’t know these answers confidently, but we can prepare as thoroughly as possible. One handy tool for this is the Zacks Earnings Calendar. This useful scheduler is your perfect one-stop-shop to properly prepare for earnings, dividend announcements, and other important financial releases.
Let’s take a closer look at a few of the tech sector's marquee reports due during the week of October 29.
E-commerce platform Ebay will report its latest quarterly earnings results after the market closes on October 30. Ebay shares have struggled to generate any positive momentum this year, and after recent selling, the stock is now down more than 26% since the start of 2018. Investors will hope a positive report can turn things around.
Analysts are expecting Ebay to report earnings of $0.55 per share and revenue of $2.65 billion, according to our latest Zacks Consensus Estimates. These results would represent year-over-year growth of 15% and 10%, respectively. Ebay has witnessed five negative revisions and just one positive revision for the to-be reported quarter’s estimates in the past 60 days.
2. Facebook, Inc.
Social media king Facebook is set to release its most recent quarterly earnings report after the closing bell on October 30. Facebook has been hammered this year, not just by recent market-wide volatility, but also because of rising costs and public backlash associated with a number of data privacy scandals.
This has put a dent in Facebook’s earnings picture, as analysts are now expecting profits for the quarter to dip 9% year over year to $1.46 per share. Revenue growth should still be spectacular, with estimates calling for the top-line to improve 34%, but Facebook will really need to impress if it wants to win back investor favor.
Consumer electronics pioneer and world’s first trillion dollar company Apple is slated to announce its latest financials after the closing bell on November 1. Apple shares have survived the tech onslaught better than others, and the stock is on pace to carry year-to-date gains in excess of 26% into its report.
Earnings estimates have trended higher on strong positive revisions, and now analysts are looking for Apple to post profits of $2.78 per share, up more than 34% year over year. Revenue is projected to be $61.55 billion, which would represent growth of about 17% from the year-ago period.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
Image: Bigstock
Upcoming Tech Earnings to Watch: EBAY, FB, AAPL
Stocks were down across the board on Friday morning, but tech stocks felt the brunt of the selling after sector bellwethers Amazon (AMZN - Free Report) and Alphabet (GOOGL - Free Report) disappointed investors with their latest quarterly earnings reports.
It was a busy week for earnings and a volatile week for Wall Street, which struggled to find a direction as positive results from the likes of Microsoft (MSFT - Free Report) and Tesla (TSLA - Free Report) were overshadowed by external headwinds and disappoint elsewhere.
So the market leaders, especially in the tech sector, delivered a mixed bag over the past few days, but where do we go from here? Have investors found a bottom, or will volatility continue through the remainder of Q3 report season?
We can’t know these answers confidently, but we can prepare as thoroughly as possible. One handy tool for this is the Zacks Earnings Calendar. This useful scheduler is your perfect one-stop-shop to properly prepare for earnings, dividend announcements, and other important financial releases.
Let’s take a closer look at a few of the tech sector's marquee reports due during the week of October 29.
1. Ebay Inc. (EBAY - Free Report)
E-commerce platform Ebay will report its latest quarterly earnings results after the market closes on October 30. Ebay shares have struggled to generate any positive momentum this year, and after recent selling, the stock is now down more than 26% since the start of 2018. Investors will hope a positive report can turn things around.
Analysts are expecting Ebay to report earnings of $0.55 per share and revenue of $2.65 billion, according to our latest Zacks Consensus Estimates. These results would represent year-over-year growth of 15% and 10%, respectively. Ebay has witnessed five negative revisions and just one positive revision for the to-be reported quarter’s estimates in the past 60 days.
2. Facebook, Inc.
Social media king Facebook is set to release its most recent quarterly earnings report after the closing bell on October 30. Facebook has been hammered this year, not just by recent market-wide volatility, but also because of rising costs and public backlash associated with a number of data privacy scandals.
This has put a dent in Facebook’s earnings picture, as analysts are now expecting profits for the quarter to dip 9% year over year to $1.46 per share. Revenue growth should still be spectacular, with estimates calling for the top-line to improve 34%, but Facebook will really need to impress if it wants to win back investor favor.
3. Apple Inc. (AAPL - Free Report)
Consumer electronics pioneer and world’s first trillion dollar company Apple is slated to announce its latest financials after the closing bell on November 1. Apple shares have survived the tech onslaught better than others, and the stock is on pace to carry year-to-date gains in excess of 26% into its report.
Earnings estimates have trended higher on strong positive revisions, and now analysts are looking for Apple to post profits of $2.78 per share, up more than 34% year over year. Revenue is projected to be $61.55 billion, which would represent growth of about 17% from the year-ago period.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>