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Telecom Stocks Q3 Earnings to Watch on Oct 24: JNPR, CY, KN

Supriyo Bose

The Technology sector, of which Telecom is an integral part, is likely to be a major drag on overall third-quarter earnings. The sector is expected to have taken a beating from the on-again-off-again trade war skirmishes that sent confusing signals to the market. Sector revenues, particularly within the chip industry, are expected to have declined significantly as the market bore the brunt of tariffs and counter tariffs, awaiting the elusive trade deal.

Moreover, various trade restrictions on grounds of national security concerns hampered the supply chain mechanism of the companies and eroded sector margins. In addition, higher infrastructure investments are expected to have escalated operating costs as 5G deployments picked up pace across the United States.

The Technology sector is the biggest earnings contributor in the S&P 500 Index, bringing in 22.9% of the index’s total earnings in forward four-quarter period. Per the latest Earnings Preview, overall earnings for the Technology sector for the quarter are expected to be down 11.1% year over year. This compares unfavorably with the prior-quarter decline of 6.3%.

Let’s take a look at three Telecom stocks that are slated to report third-quarter 2019 results on Oct 24.

Juniper Networks, Inc. JNPR is scheduled to report after the closing bell. The Zacks Consensus Estimate for revenues of $1,142 million indicates a fall of 3.2% from the year-ago reported figure. The consensus estimate for earnings per share is pegged at 46 cents, indicating a 14.8% decline.

Our proven model does not predict an earnings beat for Juniper this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. This is not the case here.

Juniper has a Zacks Rank #4 (Sell) and Earnings ESP of -0.43%.

You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Juniper’s revenues from Routing business are expected to decline 11.2% as the company passes through the transition phase with the blended pricing of the new product deployments taking its time to be accretive. Net revenues from Switching are expected to fall to $213 million from $221 million, while the same from Security is likely to rise to $82 million from $77 million. (Read More: Is Juniper Likely to Disappoint This Earnings Season?)

Juniper Networks, Inc. Price and EPS Surprise

 

Juniper Networks, Inc. Price and EPS Surprise
Juniper Networks, Inc. Price and EPS Surprise

Juniper Networks, Inc. price-eps-surprise | Juniper Networks, Inc. Quote

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Cypress Semiconductor Corporation CY is slated to report results after the closing bell. The Zacks Consensus Estimate for earnings of 29 cents per share indicates a decline of 27.5% from the year-ago reported figure. The consensus estimate for revenues is pegged at $569.23 million, down 15.4%.

Cypress has an Earnings ESP of 0.00% and Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.

Cypress Semiconductor Corporation Price and EPS Surprise

 

Cypress Semiconductor Corporation Price and EPS Surprise
Cypress Semiconductor Corporation Price and EPS Surprise

Cypress Semiconductor Corporation price-eps-surprise | Cypress Semiconductor Corporation Quote

Knowles Corporation KN is scheduled to report results after the closing bell. The Zacks Consensus Estimate for earnings of 38 cents per share, indicates 11.8% growth year over year. The consensus estimate for revenues is pegged at $235 million, down 0.4%.

Knowles has an Earnings ESP of 0.00% and Zacks Rank #3.

Knowles Corporation Price and EPS Surprise

 

Knowles Corporation Price and EPS Surprise
Knowles Corporation Price and EPS Surprise

Knowles Corporation price-eps-surprise | Knowles Corporation Quote

Check back later for our full write-up on earnings releases of these stocks.

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Cypress Semiconductor Corporation (CY) : Free Stock Analysis Report
 
Juniper Networks, Inc. (JNPR) : Free Stock Analysis Report
 
Knowles Corporation (KN) : Free Stock Analysis Report
 
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