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Computer Storage Stocks' Earnings on Oct 27: TDC & SMCI

The third quarter earnings reporting cycle is in full swing. This week is crucial as nearly 800 companies are scheduled to report including 171 S&P 500 members, per the recent Zacks Earnings Preview report. The lineup features plenty of tech stocks.

As of Friday, Oct 21, 2016, 116 S&P 500 members (or 23.2% of the index's total market cap) have already reported results. The numbers are encouraging with earnings up 3.3% on 1.8% increase in revenues. This quarter is poised to become the first one to post growth after five successive quarters of declines in earnings. Performance of the finance sector is impressive but energy sector continues to be a spoiler. Overall, total earnings of S&P 500 members are expected to be up 0.1% on 1.5% higher revenues.

Coming to the technology sector, earnings per our model, total earnings are expected to be up 1.1% in spite of 1% decline in revenues.

Let's take a sneak peek into Computer Storage stocks - Teradata Corporation TDC and Super Micro Computer, Inc. SMCI - that will report earnings on Oct 27, 2016.

Dayton, OH based- Teradata Corp . is one of the world's leading providers of Enterprise Data Warehousing (EDW) solutions, including enterprise analytic technologies and services worldwide. The company was spun off from NCR Corporation in Aug 2007 and now operates as a standalone entity.

Teradata carries a Zacks Rank #3 (Hold) and has an Earnings ESP of 0.00%.The Zacks Consensus Estimate for third quarter 2016 stands at 52 cents. Last quarter, the company posted a positive earnings surprise of 27.45%. Notably, in the four preceding quarters, Teradata has surpassed the Zacks Consensus Estimate twice and missed twice, resulting in a positive average earnings surprise of 9.93%. (Read: Teradata Q3 Earnings: What's in the Cards This Time? )

TERADATA CORP Price and EPS Surprise

TERADATA CORP Price and EPS Surprise | TERADATA CORP Quote

San Jose, CA, based- Super Micro Computer designs, develops, manufactures and sells energy-efficient, application optimized server solutions based on the x86 architecture.

Super Micro Computer carries a Zacks Rank #2 (Buy) and has an Earnings ESP of 0.00%.You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .

For Super Micro Computer, the Zacks Consensus Estimate for first quarter fiscal 2017 stands at 15 cents. Last quarter, the company posted a positive earnings surprise of 8.33%. Notably, in the four preceding quarters, Super Micro Computer has surpassed the Zacks Consensus Estimate with a positive average earnings surprise of 5.77%.

Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.

SUPER MICRO COM Price and EPS Surprise

SUPER MICRO COM Price and EPS Surprise | SUPER MICRO COM Quote

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TERADATA CORP (TDC): Free Stock Analysis Report

SUPER MICRO COM (SMCI): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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