InvenSense, Inc. INVN, a leading provider of motion tracking devices, is slated to report fourth quarter fiscal 2016 results on May 9. Last quarter, the company posted a 12.50% positive earnings surprise.Let’s see how things are shaping up for this announcement.Factors to Consider Despite business and macroeconomic turmoil, InvenSense reported decent results in the last quarter with strong revenues. Innovation, diversification and differentiation are InvenSense’s key focus areas. The company continues innovating across its product portfolio while diversifying its offerings in Internet of Things or IoT applications and services. Strategic value and competitive differentiation will continue to boost growth in the mobile customer base. Management believes that continued innovation across image stabilization and navigation devices, selective competitive strategies for lower value commodity sockets and price reduction initiatives will drive growth and improve margins. We believe that the company’s innovative products, strong market share gains and continued demand for smartphones and tablets will drive revenues in the to-be-reported quarter.Earnings Whispers Our proven model does not conclusively show that InvenSense will beat estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. That is not the case here as you will see below. Zacks ESP: Both the Most Accurate estimate and the Zacks Consensus Estimate stand at a loss of 6 cents. Hence, the difference is 0.00%. Zacks Rank: InvenSense’s Zacks Rank #3 when combined with a 0.00% ESP makes surprise prediction difficult. We caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions momentum. Stocks to Consider Here are some stocks, which you may want to consider as our model shows that these have the right combination of elements to post an earnings beat this quarter: Synopsys Inc. SNPS, with an Earnings ESP of +6.38% and a Zacks Rank #1. Asure Software, Inc. ASUR, with an Earnings ESP of +200.00% and a Zacks Rank #3. Lumos Networks Corp. LMOS, with an Earnings ESP of +50.00% and a Zacks Rank #3. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ASURE SOFTWARE (ASUR): Free Stock Analysis Report LUMOS NETWORKS (LMOS): Free Stock Analysis Report SYNOPSYS INC (SNPS): Free Stock Analysis Report INVENSENSE INC (INVN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research