Semiconductor Stocks' Q2 Earnings Due On Jul 25: TXN & AMD
Zacks Investment Research | Jul 23, 2017 10:42PM ET
We are entering the heart of the second-quarter reporting cycle and 97 S&P 500 members, representing 28.1% of the index’s total market capitalization, have already reported their results (as of Friday, Jul 21).
Total earnings of these companies are up 8.4% on a year-over-year basis (78.4% of the companies beat EPS estimates) while total revenue is up 5.1% on a year-over-year basis (72.2% of the companies also beat top-line estimates).
Overall, second-quarter earnings for S&P 500 companies are anticipated to be up 8.6% from the year-ago quarter on revenues that are estimated to increase 4.7%. This compares with 13.3% growth in first-quarter earnings on 7% higher revenues.
Technology Earnings Expectations
Technology is one of the three sectors contributing significantly to second-quarter earnings. The other two are Finance and Energy.
We note that the technology sector has been a strong performer on a year-to-date basis. The sector is benefiting from increasing demand for cloud-based platforms, growing adoption of Artificial Intelligence (AI) solutions, Augmented/Virtual reality devices, autonomous cars, advanced driver assisted systems (ADAS) and Internet of Things (IoT) related software. Earnings for the technology sector are anticipated to be up 10.1%.
A couple of semiconductor companies are slated to report second-quarter 2017 earnings on Jul 25. The industry serves as a driver, enabler and indicator of technological progress. So, let’s take a sneak peek into how Texas Instruments Incorporated (NASDAQ:TXN) and Advanced Micro Devices, Inc. (NASDAQ:AMD) are placed ahead of their releases.
Texas Instruments is unlikely to beat expectations as it has an unfavorable combination of a Zacks Rank #3 (Hold) and an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Original post
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