Semiconductor Earnings Releases On Jul 28: SYNA, CCMP & More
Zacks Investment Research | Jul 26, 2016 10:09PM ET
Earnings releases are picking up momentum and results from 126 S&P 500 members or 32.7% of the index’s total market capitalization are already out (as of Jul 22).
So far, total earnings of these 126 index members are down 1.1% year over year on 2.6% lower revenues. However, the beat ratios are not all bad with 70.6% beating EPS estimates and 55.6% coming in ahead of top-line expectations.
For the technology sector, we have Q2 results from 38% of the sector’s total market capitalization in the S&P 500 index. So far, total earnings are down 0.2% year over year on 6.3% lower revenues, with 84.6% beating EPS estimates and an equal proportion beating revenue expectations.
A few semiconductor companies are slated to report their earnings on Jul 28. The industry has been struggling since the last year due a slowdown in China, strengthening dollar and a secular decline in the PC market.
So, let’s take a sneak peek into how Synaptics Inc. (NASDAQ:SYNA) , Cabot Microelectronics Corp. (NASDAQ:CCMP) , Pixelworks Inc. (NASDAQ:PXLW) and Intersil Corporation (NASDAQ:ISIL) are poised ahead of their releases.
Synaptics is a leading developer of human interface solutions for a wide variety of mobile computing and communications devices and is the leading supplier of TouchPads to the notebook computer market.
For the quarter, this Zacks Rank #3 (Hold) stock has an Zacks Investment Research
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