Telecom Jul 21 Earnings Roster: EGHT, MRVL, SWKS, TESS
With the earnings season getting into the groove, forecasts of a negative earnings growth remains the primary concern though the actual results are not as dreary as the initial forecasts. The pace of the growth is improving despite the presumption of a negative earnings growth. As per the recent Earnings Trends report, total S&P 500 earnings are expected to decline by 5.4% due to 0.5% lower revenues. The estimates for the quarter are plunging, indicating towards an ‘Earnings Recession’ which is likely to continue. However, we foresee positive earnings growth in the last quarter of the year which may scale even higher in 2017.
Telecom Stocks in Focus
The U.S. telecommunications industry is expected to witness reasonable growth through 2016. This industry has recently emerged as an intensely contested space where the key catalysts to success are technical superiority, the quality of services and scalability. Despite fierce competition, an uninterrupted advancement in telecom technologies has aided the telecom operators and equipment manufacturers adopt newer business models in order to improve revenues.
Let us look at some of the stocks related to the telecom sector that are due to report their earnings on Jul 21, 2016
8x8 Inc. EGHT is a provider of IP-based services. It provides service creation environment and delivery tools to support operations of communication service providers and telecommunication equipment manufacturers. This Zacks Rank #5 (Strong Sell) stock has an Earnings ESP of -100%, which according to our proven model, is unlikely to beat estimates this quarter.
8X8 INC Price and EPS Surprise
8X8 INC Price and EPS Surprise | 8X8 INC Quote
Marvell Technology Group Ltd. MRVL is a leading designer, developer and supplier of network chips and equipments. The stock currently carries a Zacks Rank #3 (Hold) but its Earnings ESP of 0.00% makes us hard to predict an earnings surprise this quarter. (Read more: What Awaits Marvell Technology in Q4 Earnings?)
MARVELL TECH GP Price and EPS Surprise
MARVELL TECH GP Price and EPS Surprise | MARVELL TECH GP Quote
Skyworks Solutions Inc. SWKS is a leading wireless semiconductor company. This Zacks Rank #3 stock has Earnings ESP of 0.00%, which makes surprise prediction difficult. (Read more: Skyworks Q3 Earnings: What’s Ahead for the Stock?)
SKYWORKS SOLUTN Price and EPS Surprise
SKYWORKS SOLUTN Price and EPS Surprise | SKYWORKS SOLUTN Quote
TESSCO Technologies Inc. TESS is a leading provider of services, products and solutions required in the telecom industry. TESSCO Technologies also has a combination of Zacks Rank #3 and an Earnings ESP of 0.00% which doesn’t conclusively show that it is going to beat estimates this quarter.
TESSCO TECH INC Price and EPS Surprise
TESSCO TECH INC Price and EPS Surprise | TESSCO TECH INC Quote
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MARVELL TECH GP (MRVL): Free Stock Analysis Report
SKYWORKS SOLUTN (SWKS): Free Stock Analysis Report
8X8 INC (EGHT): Free Stock Analysis Report
TESSCO TECH INC (TESS): Free Stock Analysis Report
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