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Tech Stocks to Watch for Earnings on Mar 4: ZM, PLAB & More

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·4 min read
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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, Microsoft MSFT, Intel, AMD and IBM are buoying investors’ confidence.

Last week, we saw impressive quarterly results from salesforce.com CRM, 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, Photronics, Inc. PLAB, Splunk Inc. SPLK and Materialise NV MTLS — 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 and EPS Surprise
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 and EPS Surprise
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 and EPS Surprise
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 and EPS Surprise
Materialise NV Price and EPS Surprise

Materialise NV price-eps-surprise | Materialise NV Quote

 

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Microsoft Corporation (MSFT) : Free Stock Analysis Report
 
Apple Inc. (AAPL) : Free Stock Analysis Report
 
salesforce.com, inc. (CRM) : Free Stock Analysis Report
 
Splunk Inc. (SPLK) : Free Stock Analysis Report
 
Photronics, Inc. (PLAB) : Free Stock Analysis Report
 
Materialise NV (MTLS) : Free Stock Analysis Report
 
Zoom Video Communications, Inc. (ZM) : Free Stock Analysis Report
 
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