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.
Tech Stocks to Watch for Earnings on Mar 4: ZM, PLAB & More
Read MoreHide Full Article
Technology stocks have displayed an impressive performance so far this earnings season.
Improving trend in PC shipments, strengthening data-center market, increasing proliferation of IoT and growing clout of cloud-based applications are working in favor of the industry players. Solid results of tech bellwethers like Apple (AAPL - Free Report) , Microsoft (MSFT - Free Report) , Intel, AMD and IBM are buoying investors’ confidence.
Last week, we saw impressive quarterly results from salesforce.com (CRM - Free Report) , Workday, and Autodesk. All three companies reported better-than-expected bottom-line numbers.
Salesforce continues to benefit from rapid adoption of its cloud-based solutions and organizations’ strong push toward digital transformations.
Workday is witnessing growing demand for its cloud-based financial management, business planning, and analytic tools. Synergies from acquisitions, strong renewals, and rapid adoption of the maintenance-to-subscription (M2S) program aided Autodesk’s top- and bottom-line results.
Sneak Peek Into Upcoming Earnings Releases
Given this encouraging backdrop, let’s take a look at how the four tech companies — Zoom Video Communications, Inc. (ZM - Free Report) , Photronics, Inc. (PLAB - Free Report) , Splunk Inc. and Materialise NV (MTLS - Free Report) — are placed ahead of their earnings releases on Mar 4.
Zoom Video’s fourth-quarter fiscal 2020 performance is likely to have benefited from its initiatives to expand the firm’s international footprint. Moreover, the company’s robust partner base, including the likes of salesforce.com, Logitech, Lenovo and Verizon, are anticipated to have helped it win new customers during this period.
But that’s not the case here. Zoom carries a Zacks Rank of 3 and an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Photronics' first-quarter fiscal 2020 performance is anticipated to have benefited from strong end-market demand for its flat-panel display (FPD) and integrated-circuit (IC) photomasks.
This Zacks #3 Ranked player is also unlikely to beat estimates as it has an Earnings ESP of 0.00%. The Zacks Consensus Estimate for earnings has been unrevised at 16 cents over the past month. (Read more: Photronics to Report Q1 Earnings: What's in Store?)
Splunk’s fourth-quarter fiscal 2020 performance is anticipated to have gained from solid demand for its enterprise, security and cloud solutions.
However, the company has least chances of beating earnings estimate as it currently carries a Zacks Rank of 3 and has an Earnings ESP of 0.00%. The consensus mark for earnings remained unchanged at 96 cents per share over the past 30 days. (Read more: Factors Setting the Tone for Splunk's Q4 Earnings)
Materialise’s fourth-quarter 2019 top-line results are likely to reflect the negative impact of declines in manufacturing activity and industrial production globally. Nonetheless, the company’s bottom line is likely to have benefited from its cost-saving initiatives during this period. Moreover, quarterly earnings are anticipated to have gained from the inclusion of new IFRS 16 accounting standard, which requires the company to capitalize certain lease expenses.
This Zacks #3 Ranked player too is unlikely to beat estimates this time around, as it has an Earnings ESP of 0.00%. The Zacks Consensus Estimate for earnings of 9 cents witnessed an upward revision of 80% over the past week.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.
Image: Bigstock
Tech Stocks to Watch for Earnings on Mar 4: ZM, PLAB & More
Technology stocks have displayed an impressive performance so far this earnings season.
Improving trend in PC shipments, strengthening data-center market, increasing proliferation of IoT and growing clout of cloud-based applications are working in favor of the industry players. Solid results of tech bellwethers like Apple (AAPL - Free Report) , Microsoft (MSFT - Free Report) , Intel, AMD and IBM are buoying investors’ confidence.
Last week, we saw impressive quarterly results from salesforce.com (CRM - Free Report) , Workday, and Autodesk. All three companies reported better-than-expected bottom-line numbers.
Salesforce continues to benefit from rapid adoption of its cloud-based solutions and organizations’ strong push toward digital transformations.
Workday is witnessing growing demand for its cloud-based financial management, business planning, and analytic tools. Synergies from acquisitions, strong renewals, and rapid adoption of the maintenance-to-subscription (M2S) program aided Autodesk’s top- and bottom-line results.
Sneak Peek Into Upcoming Earnings Releases
Given this encouraging backdrop, let’s take a look at how the four tech companies — Zoom Video Communications, Inc. (ZM - Free Report) , Photronics, Inc. (PLAB - Free Report) , Splunk Inc. and Materialise NV (MTLS - Free Report) — are placed ahead of their earnings releases on Mar 4.
Zoom Video’s fourth-quarter fiscal 2020 performance is likely to have benefited from its initiatives to expand the firm’s international footprint. Moreover, the company’s robust partner base, including the likes of salesforce.com, Logitech, Lenovo and Verizon, are anticipated to have helped it win new customers during this period.
Notably, per the Zacks quantitative model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can see the complete list of today’s Zacks #1 Rank stocks here.
But that’s not the case here. Zoom carries a Zacks Rank of 3 and an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
The Zacks Consensus Estimate for earnings of 7 cents has remained unchanged in the past 30 days. (Read more: Zoom Video to Report Q4 Earnings: What's in Store?)
Zoom Video Communications, Inc. Price and EPS Surprise
Zoom Video Communications, Inc. price-eps-surprise | Zoom Video Communications, Inc. Quote
Photronics' first-quarter fiscal 2020 performance is anticipated to have benefited from strong end-market demand for its flat-panel display (FPD) and integrated-circuit (IC) photomasks.
This Zacks #3 Ranked player is also unlikely to beat estimates as it has an Earnings ESP of 0.00%. The Zacks Consensus Estimate for earnings has been unrevised at 16 cents over the past month. (Read more: Photronics to Report Q1 Earnings: What's in Store?)
Photronics, Inc. Price and EPS Surprise
Photronics, Inc. price-eps-surprise | Photronics, Inc. Quote
Splunk’s fourth-quarter fiscal 2020 performance is anticipated to have gained from solid demand for its enterprise, security and cloud solutions.
However, the company has least chances of beating earnings estimate as it currently carries a Zacks Rank of 3 and has an Earnings ESP of 0.00%. The consensus mark for earnings remained unchanged at 96 cents per share over the past 30 days. (Read more: Factors Setting the Tone for Splunk's Q4 Earnings)
Splunk Inc. Price and EPS Surprise
Splunk Inc. price-eps-surprise | Splunk Inc. Quote
Materialise’s fourth-quarter 2019 top-line results are likely to reflect the negative impact of declines in manufacturing activity and industrial production globally. Nonetheless, the company’s bottom line is likely to have benefited from its cost-saving initiatives during this period. Moreover, quarterly earnings are anticipated to have gained from the inclusion of new IFRS 16 accounting standard, which requires the company to capitalize certain lease expenses.
This Zacks #3 Ranked player too is unlikely to beat estimates this time around, as it has an Earnings ESP of 0.00%. The Zacks Consensus Estimate for earnings of 9 cents witnessed an upward revision of 80% over the past week.
Materialise NV Price and EPS Surprise
Materialise NV price-eps-surprise | Materialise NV Quote
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.
See these 7 breakthrough stocks now>>