Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Tech Stocks' Earnings Lineup For Nov 8: DOX, LTRPA & ENT

Published 11/07/2016, 05:42 AM
Updated 07/09/2023, 06:31 AM

We are nearing the end of the third-quarter earnings season, with 423 S&P 500 members – accounting for 84.6% of the index’s total market capitalization – having reported results as of Nov 4. (Read more: Q3 Earnings Season: An Inflection Point)

Total earnings for these index members were up 3.6% from the year-ago quarter and revenues were up 2.4% year over year. The beat ratio was 72.8% for earnings and 55.1% for revenues.

Coming to the technology sector, 73.8%companies on the S&P 500 index have reported their quarterly numbers. The sector has so far performed better than expected, with total earnings being up 5.0% on 2.5% higher revenues, with 82.2% beating earnings estimates and 75.6% beating revenue estimates.

However, the hardware industry has been a drag on the tech sector this quarter, with Apple (NASDAQ:AAPL) reporting an earnings decline of 19% on 9% lower revenues. Excluding Apple, total earnings for the rest of the Tech sector companies that have reported would be up 12.3% on 5.3% higher revenues.

Among the technology firms slated to report their earnings results on Nov 8, let’s see what lies ahead for these three:

Amdocs Limited (NASDAQ:DOX) is a leading provider of customer care, billing and order management systems for communications and Internet services. The company will report fourth-quarter fiscal 2016 results. The stock carries a Zacks Rank #3 (Hold), which increases the predictive power of ESP. Yet, we cannot predict an earnings beat as both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 83 cents, resulting in an Earnings ESP of 0.0%. Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.

Notably, Amdocs Limited surpassed the Zacks Consensus Estimate in each of the trailing four quarters, with an average positive surprise of 3.10%.

AMDOCS LTD Price and EPS Surprise

AMDOCS LTD Price and EPS Surprise | AMDOCS LTD Quote

Liberty TripAdvisor Holdings, Inc. (NASDAQ:LTRPA) is expected to report third-quarter 2016 results. The company, together with its subsidiaries, is involved in online travel research and online commerce businesses worldwide. The stock carries a Zacks Rank #3 and has an Earnings ESP of 0.00%. Therefore it is unlikely to beat earnings estimates this quarter.

Notably, Liberty TripAdvisor missed the Zacks Consensus Estimate in three of the trailing four quarters, resulting in an average negative surprise of 544.44%.

LIBERTY TRIP-A Price and EPS Surprise

LIBERTY TRIP-A Price and EPS Surprise | LIBERTY TRIP-A Quote

Global Eagle Entertainment Inc. (NASDAQ:ENT) offers content and connectivity services for the airline industry. It provides airlines with in-flight video content, e-commerce and information services. The company will report third-quarter 2016 results. The firm is also unlikely to beat earnings estimates as it has an Earnings ESP of 0.00% and a Zacks Rank #3.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Notably, Global Eagle Entertainment surpassed the Zacks Consensus Estimate twice in the preceding four quarters, matched it once and missed on the other occasion, resulting in an average negative surprise of 200.00%.

GLOBAL EAGL ENT Price and EPS Surprise

GLOBAL EAGL ENT Price and EPS Surprise | GLOBAL EAGL ENT Quote

Stay tuned! Check back on our full write-up on earnings releases of these stocks.

Confidential: Zacks' Best Investment Ideas

Would you like to see a hand-picked ""all-star"" selection of investment ideas from the man who heads up Zacks' trading and investing services? Steve Reitmeister knows when key trades are about to be triggered and which of our experts has the hottest hand. Click for his selected trades right now >>



AMDOCS LTD (DOX): Free Stock Analysis Report

GLOBAL EAGL ENT (ENT): Free Stock Analysis Report

LIBERTY TRIP-A (LTRPA): Free Stock Analysis Report

Original post

Zacks Investment Research

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.