Top Tech and Media Stocks Reporting Next Week

October 15, 2016 by Chris Lange

A new corporate earnings season is underway, and tech stocks are slowing after having an incredible rally since the summer. The question on investors’ minds is whether these earnings can continue to push this rally even higher. Also it is likely that this earnings season is will be all about guidance, and where these tech stocks can go from here.

24/7 Wall St. has put together a preview of some of the larger tech/media companies that are reporting their quarterly results in the middle of October. We have reviewed the consensus earnings estimates from Thomson Reuters, the stock price and trading history, as well as added some additional color on each.

Be sure to check out our preview of themajor financial stocks due to share their latest quarterly results this week as well.

Be advised that the earnings and revenue estimates may change ahead of the formal reports, and some companies may change earnings dates as well.

Netflix Inc. (NASDAQ: NFLX) is scheduled to report its third-quarter earnings on Monday. The consensus estimates call for earnings per share (EPS) of $0.06 and $2.28 billion in revenue. Netflix shares closed at $101.46 on Friday. The consensus analyst price target is $103.98. The 52-week trading range is $79.95 to $133.27.

eBay Inc. (NASDAQ: EBAY) is set to post its third-quarter results Wednesday, and the consensus estimates are EPS of $0.44 and $2.19 billion in revenue. eBay shares were trading at $31.89 as the week came to a close, in a 52-week range of $21.52 to $33.19. The consensus price target is $32.00.

Seagate Technology PLC (NASDAQ: STX) is expected to report on Wednesday as well. It has consensus estimates of EPS at $0.79 on $2.78 billion in revenue. Shares were trading at $35.16 at the end of Friday’s session. The consensus price target is $37.27, and the stock has a 52-week trading range of $18.42 to $41.83.

Advanced Micro Devices Inc. (NASDAQ: AMD) will post its quarterly results on Thursday. Consensus estimates call for break-even earnings and revenues of $1.21 billion. Shares ended the week at $6.75, in a 52-week trading range of $1.75 to $8.00. The consensus price target is only $6.24.

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