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NVIDIA, Disney, Priceline, TripAdvisor and Macy's are part of Zacks Earnings Preview

For Immediate Release

Chicago, IL -August 07, 2017 - releases the list of companies likely to issue earnings surprises. This week's list includes NVIDIA (NASDAQ: NVDA - Free Report ), Disney (NYSE: DIS - Free Report ), Priceline (NASDAQ: PCLN - Free Report ), TripAdvisor (NASDAQ: TRIP - Free Report ) and Macy's (NYSE: M - Free Report ).

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Q2 Earnings Season Brings Strength All Around

The bulk of the Q2 earnings season is now behind us, with results from only about 16% of the S&P 500 members still awaited. The Retail sector is the only one at this stage that has a sizable number of reports still to come, with a number of traditional retailers on deck to report results. With another 35 index members reporting results this week, the Q2 earnings season will have come to an end for 91% of S&P 500 members by the end of the week.

As we have been saying all along since the start of this reporting cycle, the Q2 earnings season has turned out to be very good. The key positives include broad-based growth reaching double-digit level for the second quarter in a row, record earnings tally, an abundance of positive surprises and favorable trends on the revisions front.

We will discuss Q2 results in greater detail below, but let's focus on what's coming out this week.

Key Earnings Reports for the Week of August 7th

This week brings in results from more than 700 companies, including 35 from the S&P 500 index. There is no shortage of big-name operators coming out with results this week, but we are featuring just a few here

NVIDIA (NASDAQ: NVDA - Free Report ) shares have literally been on fire since the last earnings report on May 9th. The stock was down -3.5% on the year through May 9th, but has been an outstanding performer since that day. Year to date, the stock is now up +57.3%, handily outperforming the Zacks Semiconductor industry's +17% gain and the broader Zacks Tech sector's +17.2% gain. The stock has long history of making big moves on earnings releases, though the reaction following the May 9th report was in a league of its own. Estimates for the June quarter initially went up, but have been otherwise stable for the last two months, with the company expected to earn 69 cents on +1.96 billion in revenues, up 56% and +37.1% from the...