2 Tech Earnings Calls To Watch On Wednesday

• F5 Networks, Inc. FFIV is scheduled to announce its first quarter fiscal 2016 financial results after the market closes on Wednesday.
• Xilinx, Inc. XLNX, another mid-cap tech company, is also reporting its quarterly financial results (for Q316) on Wednesday afternoon.
• Let’s take a look into what the Street and the crowd are expecting from these calls.

F5 Networks

First off is F5 Networks, a mid cap developer and provider of application delivery services. Management guided for a year-over-year increase in earnings of roughly 2 percent, from $1.55 per share a year ago, to $1.58-$1.61 per share this quarter.

According to Estimize, the Street is modeling consensus earnings of $1.60, in line with guidance, while the crowd is projecting EPS of $1.64.

It should be noted from the chart above that F5 has tended to comfortably beat earnings estimates over the past eight quarters.

In the revenue front, the situation is similar. Management guided for sales in the rage of $480 million to $490 million; the Street’s consensus stands at $485.31 million; and the crowd anticipates $488.04 million in sales.

Xilinx

The second tech company reporting results on Wednesday is Xilinx, a designer and developer of programmable devices and associated technologies, with a market cap of roughly $11.1 billion.

Opposite to the case above, the Street is expecting a 20 percent year-over-year decline in earnings. The current consensus of $0.48 per share stands $0.12 below the EPS of $0.60 delivered in the same quarter last year.

The crowd is only slightly less bearish and projects EPS of $0.49.

Revenue is also expected to decline, from $593.5 million last year to $553.67 million. The crowd is once again slightly less pessimistic, and envisions sales of $554.46 million, which still implies a decline of more than 6.5 percent in sales.

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