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Electronic Stocks' Earnings on May 16: A, AACAY, ITRI, VOXX

The Q1 earnings season is drawing to a close, with 451 S&P 500 companies, comprising almost 90.2% of the index, having released their quarterly numbers as of May 11. As a result, the overall earnings picture, barring the Retail sector which is yet to see a sizable number of financial releases, is becoming increasingly clear.

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 11, total earnings so far from 88.5% of the tech sector’s total market capitalization in the S&P 500 index, are 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: Zacks Earning Trends)

Among the technology firms slated to report this week, let’s see what’s ahead for these four electronic stocks, all of which are slated to release their earnings results on May 16.

Agilent Technologies A has an Earnings ESP of +2.56% as the Most Accurate Estimate stands at 40 cents and the Zacks Consensus Estimate is 39 cents. The stock holds a Zacks Rank #2 (Buy). Give the favorable Zacks Rank and the positive ESP,we areconfident of an earnings beat.  Agilent has beaten the Zacks Consensus Estimate in three of the trailing fourquarters with an average positive surprise of 4.53% (read more: Will Agilent Technologies Beat Earnings Estimates in Q2?).

AAC Technologies Holdings Inc. AACAY has an Earnings ESP of 0.00% as the Most Accurate Estimate and the Zacks Consensus Estimate are both pegged at 77 cents. The stock carries a Zacks Rank #3 (Hold), which increases the predictive power of ESP. But a +0.00% ESP makes surprise prediction difficult.

Itron, Inc. ITRI, which is scheduled to report after the bell on May 16, has an Earnings ESP of +11.77% as the Most Accurate Estimate stands at 38 cents and the Zacks Consensus Estimate is 34 cents. The stock holds a Zacks Rank #2 (Buy), which along with a positive ESP, makes us reasonably confident of an earnings beat. However, we should note that Itron has beaten the Zacks Consensus Estimate in just one of the trailing four quarters, with an average negative surprise of 61.05%.

VOXX International Corporation VOXX has an Earnings ESP of 0.00% as the Most Accurate Estimate and the Zacks Consensus Estimate are both at 3 cents. The stock holds a Zacks Rank #3 (Hold), which increases the predictive power of ESP but a0.00% ESP, makes surprise prediction difficult. VOXX International has beaten the Zacks Consensus Estimate in two of the trailing four quarters, with an average negative surprise of 246.43%.

Stay tuned! Check back later for our earnings coverage of these stocks.

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APPLE INC (AAPL): Free Stock Analysis Report
 
MICROSOFT CORP (MSFT): Free Stock Analysis Report
 
AAC TECH HLDGS (AACAY): Free Stock Analysis Report
 
VOXX INTL CP (VOXX): Free Stock Analysis Report
 
AGILENT TECH (A): Free Stock Analysis Report
 
ITRON INC (ITRI): Free Stock Analysis Report
 
ALPHABET INC-A (GOOGL): Free Stock Analysis Report
 
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