Upcoming Tech Earnings to Watch: GOOGL, TXN, FB

Earnings season got busy this week with the remainder of the big financial firms, most of our top industrial companies, and the first wave of tech leaders announcing their latest quarterly results. This week saw solid results across the board, with impressive revenue growth punctuating continued EPS expansion.

The real question, of course, is whether another remarkable earnings season can outweigh international trade concerns, which heightened even further on Friday morning on reports that President Trump is readying another batch of tariffs.

Nevertheless, earnings growth is expected to be robust throughout the remainder of the season, including in the technology sector. Tech remains an important battleground for bullish investors, as secular growth trends are still driving innovation and demand but could easily be overshadowed by external forces.

With that said, investors can always use the Zacks Earnings Calendar to plan out their schedules for earnings, dividend announcements, and other important financial releases. This handy tool is your perfect one-stop-shop to properly prepare for the market events that will have an impact on your own portfolio.

In this piece, we will be taking a look at three of the most-important reports from the tech sector to watch over the coming days. Make sure to keep an eye on these companies as they prepare to report during the week of July 23.

1. Alphabet Inc. (GOOGL)

Google parent Alphabet is scheduled to report its latest quarterly earnings results after the closing bell on July 23. Google was just hit with a record-breaking $5 billion fine in Europe, and although that will not affect the soon-to-be-reported results, another EU legal battle puts a damper on any impressive numbers the company might have to show.

Another bad sign is the downward estimate revision trend Alphabet has seen recently. This quarter's consensus EPS projection has moved 27 cents lower over the last 90 days, and that has earned the stock a Zacks Rank #4 (Sell).

Adjusted earnings are now expected to be $9.51 per share, up nearly 90% from the year-ago period—although that is a soft comparison because Google faced another EU fine last year. Meanwhile, revenue is projected to be $25.65 billion, which would represent year-over-year growth of 23%.

 

2. Texas Instruments Inc. (TXN)

Semiconductor giant Texas Instruments will announce its most recent quarterly financial figures after the market closes on July 24. Texas Instruments has been marred by the strange departure of its CEO for conduct violations, but the company's business looks healthy heading into the report date. Shares are up about 12% in the trailing 12 weeks, and the stock sports a Zacks Rank #2 (Buy).

According to our latest Zacks Consensus Estimates, analysts expect TXN to report adjusted earnings of $1.31 per share and revenue of $3.95 billion. These results would represent year-over-year growth rates of 27% and 7%, respectively.

 

3. Facebook, Inc. (FB)

Social media king Facebook is set to release its earnings report after the bell on July 25. It was not the greatest start to the year for Facebook, as major backlash to data privacy scandals appeared ready to threaten its reign at the top of the tech world, but the stock has rebounded impressively.

Investors appear more interested in the good than the bad from Facebook right now, and the good is, well, really good. Facebook's Instagram platform continues to grow rapidly, and the firm itself has been able to string together countless quarters of impressive EPS and revenue growth.

Estimates for this period have trended higher, helping FB earn a Zacks Rank #2 (Buy). Adjusted earnings are now expected to come in at $1.75 per share, up nearly 33% year over year. Revenue is projected to be $13.43 billion, a 44% improvement from the prior year.

 

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