Investors and analysts alike have been on the edge of their seats this earnings season with Qorvo Inc (NASDAQ:QRVO), Stratasys, Ltd. (NASDAQ:SSYS), and Yelp Inc(NYSE:YELP) all slated to post their quarterly financial results this week. Here’s what investors should look out for:
Technology company Qorvo will announce fiscal 2016 first quarter earnings results on Wednesday, July 29, after market close. The Street expects the company to post earnings of $1.06 per share and $664.55 million in revenue.
Analysts believe Qorvo will benefit from being one of Apple’s main chip suppliers given strong iPhone demand. Additionally, increasing smartphone demand in China is also expected to be a driver in Qorvo’s earnings.
Wall Street also expects to see momentum from Huawei, an early adopter of RF Flex and RF Fusion, and more cost synergies from the merger of RF Micro Devices and TriQuint Semiconductor.
Out of 7 analysts polled by TipRanks, all 7 are bullish on Qorvo. The average 12-month price target for Qorvo is $89.21, marking a 23.42% potential upside from where the stock is currently trading. On average, the all-analyst consensus for Qorvo is Strong Buy.
Yelp is slated to announce second quarter 2015 earnings results on Tuesday, July 28, after market close. The Street expects the company to post earnings of $0.01 per share and $133.48 million in revenue, down from $0.04 earnings per share but up from $88.79 million in revenue from the same quarter a year prior.
Yelp has been on somewhat of a roller coaster ride since May when the company announced plans to sell itself and then retracted those plans soon after. However, some of Wall Street believes these plans are still a possibility with talks of Facebook or Priceline being likely acquirers.
Aside from acquisition rumors, investors should focus on local advertising accounts, local advertising revenue, unique visitors, adjusted EBITDA, and mobile data points in Yelp’s upcoming report. More specifically, Wall Street will be paying attention to revenue from Yelp’s younger markets compared to revenue from its older markets.
Out of 22 analysts polled by TipRanks, 11 are bullish on Yelp, 1 is bearish, and 10 are neutral. The average 12-month price target for Yelp is $53.50, marking a 54.8% potential upside from where the stock is currently trading. On average, the all-analyst consensus for Yelp is Hold.
3-D printing company Stratasys will post second quarter 2015 earnings results on Thursday, July 30, before the market opens. The Street estimates the company to post earnings of $0.15 per share and $182.06 million in revenue, down from $0.30 earnings per share but up from $178.46 million in revenue year-over-year.
Stratasys shares have not had the best year, having plummeted over -57% year-to-date. The stock drop stems from the sales flop of the fifth-generation Makerbot Replicator; a printer developed by acquired company Makerbot. When Stratasys acquired Makerbot, the company posted 190% top-line growth. This past February, Statasys revealed that Makerbot only had sales growth of 7%.
Wall Street believes Stratasys’s earnings expectations are too high and that results will likely miss expectations.
Out of 14 analysts polled by TipRanks, 6 are bullish on Stratasys and 8 are neutral. The 12-month average price target for Stratasys is $48.09, marking a 39.51% potential upside from where the stock is currently trading. On average, the all-analyst consensus for Stratasys on TipRanks is Hold.