This week marks the official launch of earnings season. We will get to see key earnings reports from technology giants, banking giants, conglomerates energy players and more. 24/7 Wall St. wanted to bring earnings previews for the top seven technology stocks reporting earnings this week.
Before getting too biased, there are several things to consider. European weakness is back as a concern, but technology has so far managed to avoid some of the carnage. On Monday we also saw that the Dow Jones Industrial Average (DJIA) was back above 17,000 and the Nasdaq was firmly above 4,400.
24/7 Wall St. has offered up an earnings preview montage on the top seven technology earnings reports it will be watching this week. There are many other important earnings to watch in technology, and many key tech giants are due next week as well. Still, these seven technology earnings reports should set the trend of the entire tech sector this earnings season.
We have featured consensus estimates from Thomson Reuters, and color has been added on each of these tech leaders.
These are the top seven technology earnings we will be watching the most closely this week.
Intel Corp. (NASDAQ: INTC) is due to report after the close of trading on Tuesday. After it raised its guidance, we are curious as to what to expect for the quarter ahead. Intel’s lack of making any inroads in mobile has been ignored of late, yet investors remain hopeful that the PC-refresh cycle is still being driven in post-XP business world. Its consensus estimates are $0.52 earnings per share (EPS) and $13.69 billion in revenue. Intel’s share price is up almost 12% in the past month and up more than 22% so far in 2014. Our post-raised-guidance take: Intel is aiding six other semiconductor stocks higher — can that continue?
Yahoo! Inc. (NASDAQ: YHOO) also reports after the close of trading on Tuesday. Yahoo! is still considered to be in turnaround mode, and analysts and the media keep questioning how the core business metrics turnaround is going — even with the stock having more than doubled at one point. Of course you can expect Alibaba’s IPO to be discussed for its financial benefits. Some $0.38 EPS are expected, (up three cents from last year) and revenue growth is expected to be 1.2% to $1.08 billion. While Yahoo! has more than doubled under Marissa Mayer’s tenure, the stock is actually down over 11% so far in 2014.