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Internet Stocks' Q1 Earnings on May 12: EVH, LTRPA, UPLD

As the Q1 earnings season draws to a close, 436 S&P 500 companies, comprising almost 87.2% of the index’s total members, released their quarterly numbers as of May 6. As a result, the overall earnings picture is becoming increasingly clear, except for the Retail sector, in which a sizable number of companies are still yet to report results.

In the Technology sector, first-quarter results were marred by weaker-than-expected numbers from behemoths like Apple AAPL, Microsoft MSFT and Alphabet GOOGL. Notably, as of May 6, total earnings of all the companies that have reported results, representing 88.5% of the tech sector’s total market capitalization in the S&P 500 index, were down 5.6% on 1% higher revenues.

Further, the earnings scenario for the overall tech sector in the quarter remains gloomy with the prediction of a year-over-year decline of 5%, despite a modest sales growth projection of 2.2%. (Read more: How is the Earnings Picture Evolving?)

Among the companies slated to report this week, let’s see what’s ahead for these three Internet stocks, all of which are slated to release their first-quarter 2016 numbers on May 12.

Arlington, VA-based Evolent Health, Inc. EVH serves the healthcare delivery and payment markets. The company carries a Zacks Rank #4 (Sell) and has an Earnings ESP of 0.00%.The Zacks Consensus Estimate for the to-be-reported quarter stands at loss of 19 cents.

Although the company reported loss in the last quarter, the figure compared favorably with the Zacks Consensus Estimate and resulted in a positive surprise of 14.29%.

Englewood, CO-based Liberty TripAdvisor Holdings, Inc. LTRPA operates through two subsidiaries – TripAdvisor and BuySeasons. TripAdvisor is an online travel community, aggregating reviews and opinions from its community of travelers about destinations, accommodations, restaurants and activities throughout the world. BuySeasons, on the other hand, is an online retailer of costumes and party supplies.

Liberty TripAdvisor currently carries Zacks Rank #3 (Hold) and has an Earnings ESP of 0.00%. The Zacks Consensus Estimate for the to-be-reported quarter stands at loss of 19 cents.

Last quarter, the company posted a wider-than-expected loss. In fact, Liberty TripAdvisor has reported wider-than-expected losses in each of the preceding four quarters, resulting in an average negative surprise of a massive 545.83%.

Austin, TX-based Upland Software Inc. UPLD is a provider of cloud-based Enterprise Work Management software that helps organizations to plan, manage and execute projects and work. The company carries a Zacks Rank #3 and has an Earnings ESP of 0.00%. The Zacks Consensus Estimate for the quarter is pegged at loss of 25 cents.

Last quarter, the company reported a narrower-than-expected loss. Notably, in the four preceding quarters, Upland Software has surpassed estimates twice and missed the same twice, bringing the average positive earnings surprise to 30.25%.

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APPLE INC (AAPL): Free Stock Analysis Report
 
MICROSOFT CORP (MSFT): Free Stock Analysis Report
 
ALPHABET INC-A (GOOGL): Free Stock Analysis Report
 
EVOLENT HEALTH (EVH): Free Stock Analysis Report
 
UPLAND SOFTWARE (UPLD): Free Stock Analysis Report
 
LIBERTY TRIP-A (LTRPA): Free Stock Analysis Report
 
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