Telecom Stocks Earnings Due On Jan 29: GLW, HRS, JNPR & EGHT

The earnings season for the Technology sector, of which Telecom is part, is expected to witness deceleration, registering soft bottom and top-line growth owing to trade-related headwinds in the aftermath of the tariff war. Per the latest Earnings Preview, the Telecom sector’s earnings are expected to improve just 4.2% year over year while revenues are touted to rise 4.7% compared with growth of 27.3% and 12.7%, respectively, in the previous quarter.

Some telecom firms bore the brunt of the trade war with China while the overall industry growth remained sluggish. As growing U.S. protectionism dampened investor sentiments and affected the supply chain, most companies had to redraw their strategies to sustain the intense market volatility.

However, the sector is likely to benefit from the impending 5G boom, which is billed as the technology of the future with faster download speed and seamless transfer of data. This revolutionary technology brings to the table three new aspects for the overall improvement of the sector, namely, greater speed (to move more data), lower latency (to be more responsive) and the ability to connect a lot more devices at once (for sensors and smart devices).

Let’s take a sneak peek at four major Telecom stocks scheduled to report quarterly earnings on Jan 29 to see how things are shaping up for the upcoming results.

Corning Incorporated (NYSE:GLW) is scheduled to report fourth-quarter 2018 results before the opening bell. The company expects technology upgrades, equipment optimization and sustainability initiatives to translate into strong performance in the quarter with 42% gross margin. Corning further expects glass market volume growth to be in mid-single-digit percentage as demand for higher television screen size escalates. Display glass volume is anticipated to grow faster than the market, driven by the Gen 10.5 ramp up. (Read More: Will Top-Line Growth Support Corning's Q4 Earnings?)

For the to-be-reported quarter, the company currently has an Earnings ESP of -2.04%, and Zacks Rank #3 (Hold), making an earnings surprise prediction difficult. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 for a likely earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Corning Incorporated Price and EPS Surprise

Corning Incorporated Price and EPS Surprise | Corning Incorporated Quote

Harris Corporation (NYSE:HRS) is scheduled to report second-quarter fiscal 2019 results before the opening bell. The company continues to be a leading technology innovator, solving customers’ toughest mission-critical challenges by providing innovative solutions. Its cutting-edge achievement will likely push scientific frontiers and enable new discoveries in space. With continued order momentum reflecting strength in DoD Tactical and Avionics, Harris expects healthy top-line growth. (Read More: Can Healthy Top-Line Growth Buoy Harris Q2 Earnings?)

It has an ESP of 0.00% and a Zacks Rank #3 making surprise prediction difficult. You can see the complete list of today’s Zacks #1 Rank stocks here.

Harris Corporation Price and EPS Surprise

Harris Corporation Price and EPS Surprise | Harris Corporation Quote

Juniper Networks, Inc. (NYSE:JNPR) is scheduled to report fourth-quarter 2018 results after the closing bell. The company witnessed a steady demand trend across the globe for network upgrades to power IoT applications and enterprise services. During the quarter, Juniper unveiled new offerings as part of the Networks Advanced Threat Prevention Appliances. The solution helps businesses to detect malware, understand behavior as well as mitigate threats with a single touch. However, unfavorable global macro environment and weak investment patterns among customers are likely to hamper Juniper’s revenue growth. Ongoing consolidation in the telecom market is also expected to weigh on the company’s financials. (Read More: Will Lower Revenues Dampen Juniper's Q4 Earnings?)

It has an ESP of 0.00% and a Zacks Rank #2 making surprise prediction difficult.

Juniper Networks, Inc. Price and EPS Surprise

Juniper Networks, Inc. Price and EPS Surprise | Juniper Networks, Inc. Quote

8x8, Inc. (NYSE:EGHT) is slated to release third-quarter fiscal 2019 results after the closing bell. The company continues to strategically pursue opportunities to enhance and extend capabilities of its cloud platform to drive innovation in the market and increase value. The acquisition of Jitsi, an open source video collaboration technology, further extends 8x8’s cloud technology platform with highly scalable video routing and interoperability capabilities. This will likely help the company to open up new revenue-generating opportunities and further enhance its market-leading position.

It has an ESP of 0.00% and a Zacks Rank #4 (Sell) making surprise prediction difficult.

8x8 Inc Price and EPS Surprise

8x8 Inc Price and EPS Surprise | 8x8 Inc Quote

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