Internet Stocks Earnings Preview: AYA, BLIN, ASUR & LIVE

The second quarter earnings reporting cycle is drawing to a close. We have results from 454 S&P 500 companies (or 92.1% of the index’s total market capitalization) as of Aug 10. The numbers are bleak with total earnings down 3.7% from the same period last year on 0.7% lower revenues.

It is now clear that Q2 is headed to be the fifth consecutive quarter of earnings decline. Notably, the rate of decline has slowed down slightly from the previous quarter.

The technology sector has performed better-than-expected with giants like Facebook (NASDAQ:FB) and Alphabet (NASDAQ:GOOGL) beating expectations and registering strong growth on a year-over-year basis. We have earnings from over 88.4% of the sector’s total market cap in the index. Total earnings of these tech companies are down 1.2% from the same period last year in spite of 2.5% higher revenues.

Overall, tech sector earnings are expected to be down 0.2% in spite of 2.7% higher revenues, compared with the sector’s 4.5% earnings decline irrespective of 0.4% higher revenues in the last reported earnings cycle.

Going ahead, we will have results from Amaya, Inc. (TO:AYA) on Aug 12 while Bridgeline Digital, Inc. (NASDAQ:BLIN) , Asure Software, Inc. (NASDAQ:ASUR) and Live Ventures Incorporated (NASDAQ:LIVE) will report on Aug 15.

Canada based Amaya, Inc offers technology-based products and services in the gaming industry. The company's gaming solution includes online casino gaming systems, Ongame poker software and network solutions, Game Office player management software platform, Mosino hospitality platform; land-based gaming solutions and lottery solutions.

Amaya carries a Zacks Rank #3 (Hold) and has an Earnings ESP of 0.00%.The Zacks Consensus Estimate for the second quarter of fiscal 2016 stands at 36 cents. Last quarter, the company posted a positive earnings surprise of 19.44%. Amaya has an average four-quarter positive earnings surprise of 14.20%.

Headquartered in Burlington, MA, Bridgeline Digital, Inc. is a digital engagement company. Bridgeline’s iAPPS platform integrates web content management, e-commerce, e-marketing, social media management and web analytics.

Bridgeline Digital carries a Zacks Rank #3 and has an Earnings ESP of 0.00%.The Zacks Consensus Estimate for the third quarter of fiscal 2016 stands at a loss of 11 cents. Last quarter, the company’s earnings came in line with estimates. Bridgeline Digital has surpassed the Zacks Consensus Estimate in the four preceding quarters with an average positive earnings surprise of 30.54%.

Asure Software Inc., formerly Forgent Networks, Inc, is a provider of web-based workforce management solutions that enables organizations to manage their office environment, as well as human resource and payroll processes.

Asure Software carries a Zacks Rank #3 and has an Earnings ESP of 0.00%.The Zacks Consensus Estimate for the second quarter of fiscal 2016 stands at a loss of 2 cents. Last quarter, the company posted a negative earnings surprise of 650.0%. Asure Software has missed the Zacks Consensus Estimate in the four preceding quarters with an average negative earnings surprise of 374.17%.

ASURE SOFTWARE Price and EPS Surprise

Based in Las Vegas, NV, Live Ventures Incorporated provides marketing solutions. The company operates a deal engine, a service that connects merchants and consumers via an innovative platform using geo-location, enabling businesses to communicate in real-time and makes instant offers to nearby consumers.

Over the past one month, its shares have surged over 20%. However, the company is a relatively small player in the market, which makes it difficult to speculate about the forthcoming results. The company will report its third quarter fiscal 2016 results. Live Ventures carries a Zacks Rank #3.