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Internet Stocks Earnings Coming Up: BKFS, FFIV, P, PYPL
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Going into the second week of the Q2 earnings cycle, the technology sector is poised to grab the spotlight with major Internet companies gearing up to release results this week.
By last Friday, 36 S&P 500 members had reported quarterly numbers, together accounting for 10.1% of the index’s total market capitalization. Total earnings for these members were down 3.9% from the year-ago period on 0.1% lower revenues, with 66.7% beating bottom-line estimates and 41.7% coming ahead of top-line expectations.
Just like other sectors, technology too will be impacted by global growth concerns, a strengthening dollar and market volatility. An added concern is Britain’s decision to exit the European Union. As a result of these factors, total earnings in the tech sector are expected to be down 6.2% on 2.7% higher revenues, compared to last quarter’s 4.5% earnings decline on 0.4% higher revenues. Excluding Apple, the tech sector’s Q2 earnings are anticipated to be down a mere 0.6%.
Among all the companies slated to reveal quarterly figures this week, let’s see what’s in store for these four Internet stocks.
Jackonsville-based Black Knight Financial Services, Inc. is slated to report second-quarter 2016 results on Jul 20. Through its subsidiaries, the company offers integrated technology, workflow automation, and data and analytics to the mortgage industry.
Black Knight carries a Zacks Rank #2 (Buy) and has an Earnings ESP of 0.00%.The Zacks Consensus Estimate for the to-be-reported quarter stands at 28 cents. Last quarter, the company posted a negative earnings surprise of 4.00%. Notably, in the four preceding quarters, Black Knight has surpassed the Zacks Consensus Estimate twice and matched it on one occasion, resulting in a positive average earnings surprise of 6.18%.
F5 Networks Inc. (FFIV - Free Report) also is set to report third-quarter fiscal 2016 results on Jul 20. The company is a leading provider of integrated Internet traffic and content management solutions designed to improve the availability and performance of mission-critical Internet-based servers and applications.
F5 Networks carries a Zacks Rank #2 and has an Earnings ESP of 0.00%. The Zacks Consensus Estimate for the to-be-reported quarter stands at $1.38. Last quarter, the company posted a negative earnings surprise of 2.36%. Notably, F5 Networks has beaten the Zacks Consensus Estimate twice in the four trailing quarters and met the same in one, bringing the positive average earnings surprise to 1.18%. (Read more: F5 Networks Q3 Earnings: What Awaits the Stock?)
California-based Pandora Media, Inc. is expected to report second-quarter 2016 results on Jul 21. The company is a provider of Internet radio across the U.S. It offers services for traditional computers as well as smartphones, including Android, Blackberry and Apple’s iPhone.
Pandora Media carries a Zacks Rank #3 (Hold) and has an Earnings ESP of 0.00%. The Zacks Consensus Estimate for the to-be-reported quarter stands at loss of 30 cents. Last quarter, the company reported a narrower-than-expected loss. Notably, in the four preceding quarters, Pandora Media has surpassed estimates thrice, resulting in an average positive earnings surprise of 18.64%. (Read more: Pandora Media Q2 Earnings: What to Expect this Time?)
California-based PayPal Holdings, Inc. (PYPL - Free Report) is also scheduled to report second-quarter 2016 results on Jul 21.It is a technology platform operator that offers online payment solutions to facilitate online transactions, including to and fro payments as well as funds withdrawal, using their bank accounts. Users are also allowed to maintain balances in their PayPal accounts in various currencies. (Read more: What's in Store for eBay This Earnings Season?)
At present, PayPal carries a Zacks Rank #4 (Sell) and has a negative Earnings ESP of 6.67%. The Zacks Consensus Estimate for the to-be-reported quarter is pegged at 30 cents while the Most Accurate estimate stands at 28 cents. Last quarter the company posted a positive earnings surprise of 6.67%. PayPal has surpassed the Zacks Consensus Estimate in each of the past three quarters, with an average positive surprise of 9.76%.
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Internet Stocks Earnings Coming Up: BKFS, FFIV, P, PYPL
Going into the second week of the Q2 earnings cycle, the technology sector is poised to grab the spotlight with major Internet companies gearing up to release results this week.
By last Friday, 36 S&P 500 members had reported quarterly numbers, together accounting for 10.1% of the index’s total market capitalization. Total earnings for these members were down 3.9% from the year-ago period on 0.1% lower revenues, with 66.7% beating bottom-line estimates and 41.7% coming ahead of top-line expectations.
Just like other sectors, technology too will be impacted by global growth concerns, a strengthening dollar and market volatility. An added concern is Britain’s decision to exit the European Union. As a result of these factors, total earnings in the tech sector are expected to be down 6.2% on 2.7% higher revenues, compared to last quarter’s 4.5% earnings decline on 0.4% higher revenues. Excluding Apple, the tech sector’s Q2 earnings are anticipated to be down a mere 0.6%.
Among all the companies slated to reveal quarterly figures this week, let’s see what’s in store for these four Internet stocks.
Jackonsville-based Black Knight Financial Services, Inc. is slated to report second-quarter 2016 results on Jul 20. Through its subsidiaries, the company offers integrated technology, workflow automation, and data and analytics to the mortgage industry.
Black Knight carries a Zacks Rank #2 (Buy) and has an Earnings ESP of 0.00%.The Zacks Consensus Estimate for the to-be-reported quarter stands at 28 cents. Last quarter, the company posted a negative earnings surprise of 4.00%. Notably, in the four preceding quarters, Black Knight has surpassed the Zacks Consensus Estimate twice and matched it on one occasion, resulting in a positive average earnings surprise of 6.18%.
BLACK KNGHT FIN Price and EPS Surprise
BLACK KNGHT FIN Price and EPS Surprise | BLACK KNGHT FIN Quote
F5 Networks Inc. (FFIV - Free Report) also is set to report third-quarter fiscal 2016 results on Jul 20. The company is a leading provider of integrated Internet traffic and content management solutions designed to improve the availability and performance of mission-critical Internet-based servers and applications.
F5 Networks carries a Zacks Rank #2 and has an Earnings ESP of 0.00%. The Zacks Consensus Estimate for the to-be-reported quarter stands at $1.38. Last quarter, the company posted a negative earnings surprise of 2.36%. Notably, F5 Networks has beaten the Zacks Consensus Estimate twice in the four trailing quarters and met the same in one, bringing the positive average earnings surprise to 1.18%. (Read more: F5 Networks Q3 Earnings: What Awaits the Stock?)
F5 NETWORKS INC Price and EPS Surprise
F5 NETWORKS INC Price and EPS Surprise | F5 NETWORKS INC Quote
California-based Pandora Media, Inc. is expected to report second-quarter 2016 results on Jul 21. The company is a provider of Internet radio across the U.S. It offers services for traditional computers as well as smartphones, including Android, Blackberry and Apple’s iPhone.
Pandora Media carries a Zacks Rank #3 (Hold) and has an Earnings ESP of 0.00%. The Zacks Consensus Estimate for the to-be-reported quarter stands at loss of 30 cents. Last quarter, the company reported a narrower-than-expected loss. Notably, in the four preceding quarters, Pandora Media has surpassed estimates thrice, resulting in an average positive earnings surprise of 18.64%. (Read more: Pandora Media Q2 Earnings: What to Expect this Time?)
PANDORA MEDIA Price and EPS Surprise
PANDORA MEDIA Price and EPS Surprise | PANDORA MEDIA Quote
California-based PayPal Holdings, Inc. (PYPL - Free Report) is also scheduled to report second-quarter 2016 results on Jul 21.It is a technology platform operator that offers online payment solutions to facilitate online transactions, including to and fro payments as well as funds withdrawal, using their bank accounts. Users are also allowed to maintain balances in their PayPal accounts in various currencies. (Read more: What's in Store for eBay This Earnings Season?)
At present, PayPal carries a Zacks Rank #4 (Sell) and has a negative Earnings ESP of 6.67%. The Zacks Consensus Estimate for the to-be-reported quarter is pegged at 30 cents while the Most Accurate estimate stands at 28 cents. Last quarter the company posted a positive earnings surprise of 6.67%. PayPal has surpassed the Zacks Consensus Estimate in each of the past three quarters, with an average positive surprise of 9.76%.
PAYPAL HOLDINGS Price and EPS Surprise
PAYPAL HOLDINGS Price and EPS Surprise | PAYPAL HOLDINGS Quote
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>