5 Telecom Stock Set To Beat Estimates This Earnings Season

Our Choices

Relying on the above methodology, we have zeroed in on five telecom stocks that are likely to beat the Zacks Consensus Estimate this earnings season.

Harris Corp. (HRS - Free Report) has an Earnings ESP of +0.11% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here. The company is scheduled to report results on Jan 30. It has an average positive earnings surprise of 2.80% in the last four quarters and a long-term (three-five years) earnings growth rate of 6.00%.

Vocera Communications Inc. (VCRA - Free Report) has an Earnings ESP of +15.32% and a Zacks Rank #3. The company is scheduled to report results on Feb 8. It has an average positive earnings surprise of a whopping 44.86% in the last four quarters and a substantial long-term (three-five years) earnings growth rate of 17.75%.

Extreme Networks Inc. (EXTR - Free Report) has an Earnings ESP of +7.69% and a Zacks Rank #3. The company is scheduled to report results on Feb 7. It has an average positive earnings surprise of a whopping 27.54% in the last four quarters and a substantial long-term (three-five years) earnings growth rate of 17.00%.

Plantronics Inc. (PLT - Free Report) has an Earnings ESP of +1.69% and a Zacks Rank #3. The company is scheduled to report results on Jan 30. It has an average positive earnings surprise of 5.85% in the last four quarters and a substantial long-term (three-five years) earnings growth rate of 15.00%.

Citrix Systems Inc. (CTXS - Free Report) has an Earnings ESP of +0.52% and a Zacks Rank #3. The company is scheduled to report results on Jan 31. It has an average positive earnings surprise of 7.97% in the last four quarters and a long-term (three-five years) earnings growth rate of 5.33%.

Bottom Line

While the U.S. telecom industry offers several growth catalysts in the long term, buoyed by favorable economic and industry-related factors, we believe investors should also take care of any near-term fluctuations due to growing competition and increasing saturation of the U.S. wireless market. However, a number of companies in the space have fared well. Picking some outperformers from the space, backed by a solid Zacks Rank and a positive Earnings ESP, could lead investors to gain this earnings season.

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Disclosure: Zacks.com contains statements and statistics that have been obtained from sources believed to be reliable but are not guaranteed as to accuracy or completeness. References to any ...

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