Market Overview

2 Hot Tech Earnings Calls To Watch On Thursday

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  • Cisco Systems, Inc. (NASDAQ: CSCO) and Applied Materials, Inc. (NASDAQ: AMAT) will announce quarterly financial results after the market closes on Thursday.
  • Both companies are expected to deliver small year-over-year increases in earnings.

Cisco Systems

Cisco will report its first quarter (fiscal 2016) financial results on Thursday afternoon. According to Estimize, the Street is modeling a 3.7 percent year-over-year surge in earnings from $0.54 per share last year, to $0.56 per share in the current quarter.

Revenue is also expected to rise, from $12.245 billion a year ago, to $12.636 in the fiscal first quarter of 2016.

The Street’s estimate is also in line with management’s guidance, which called for earnings in the range of $0.55 to $0.57 per share, and revenue between $12.49 billion and $12.735 billion.

A couple of things should be noted from the chart above, 1) The current estimates imply a decline from last quarter's earnings of $0.59 per share, 2) Cisco has tended to beat estimates over the past couple of years.

Applied Materials

Applied Materials is reporting its fourth-quarter financial results on Thursday afternoon. For the period, the Street is projecting consensus earnings of $0.28 per share on revenue of $2.389 billion, while the crowd anticipates earnings of $0.29 per share on sales of $2.392 billion. Management guided for earnings between $0.27 and $0.31 per share.

These estimates imply a small decline from last quarter’s EPS of $0.33, but an increase from the earnings of $0.27 per share reported a year ago.

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.

Posted-In: EstimizePreviews Crowdsourcing Tech Trading Ideas General


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