Which Top Tech Stock Will Have the Best Earnings?
A few major semiconductor and other tech companies are scheduled to report their earnings soon, and what they say will be felt throughout the rest of the market.
It is important to note that semiconductor and tech trends are considered to be leading indicators of technology and broader electronics demand. A few major semiconductor and other tech companies are scheduled to report their earnings soon, and what they say will be felt throughout the rest of the market.
Intel Corp. (NASDAQ: INTC) is scheduled to report its second-quarter financial results Wednesday July 15. Thomson Reuters has consensus estimates of $0.51 in earnings per share (EPS) on $13.11 billion in revenue. In the same period of the previous year, Intel posted EPS of $0.55 and revenue of $13.83 billion. Shares of Intel were up 1.2% at $29.26 Friday morning. The stock has a consensus analyst price target of $34.14 and a 52-week trading range of $28.82 to $37.90.
Google Inc. (NASDAQ: GOOGL) is set to report its most recent quarterly earnings this coming Thursday. The consensus estimates call for $6.70 in EPS on $17.75 billion in revenue. The previous year, Google had $6.08 in EPS on $15.96 billion in revenue. Google shares were up 2.1% at $556.09, in a 52-week trading range of $490.91 to $608.91. The stock has a consensus analyst price target of $640.44.
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Seagate Technology PLC (NASDAQ: STX) is on deck with its fiscal fourth-quarter earnings. The consensus estimates call for $0.95 in EPS on $3.19 billion in revenue. In the same period of the previous year, it posted $1.10 in EPS on revenue of $3.30 billion. Shares of Seagate were up 0.6% Friday, at $46.32 in a 52-week range of $45.27 to $69.40. The consensus analyst price target is $61.39.
Cypress Semiconductor Corp. (NASDAQ: CY) is reporting its second-quarter earnings in the coming weeks. Consensus estimates call for $0.13 in EPS and $487.50 million in revenue, compared to the same period in the previous year when it posted $0.16 in EPS on revenue of $183.60 million. Shares were up 3% to $11.85. The consensus price target is $16.75, and the 52-week trading range is $8.04 to $16.25.
Advanced Micro Devices Inc. (NASDAQ: AMD) warned that its revenue for the second quarter is expected to be lower than previously guided. AMD now expects this revenue to decrease roughly 8% sequentially, compared to the previous guidance of down 3%, plus or minus 3%. Gross margin is now expected to be about 28%, compared to the previous guidance of 32%. Shares of AMD were up 1.3%, at $2.01 in a 52-week range of $1.93 to $4.80. The consensus price target is $2.45.
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Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
