Markets
FB

Internet Stocks Earnings on Nov 2: FB, SHOP, YELP & HSTM

This is a very busy week with over 1000 companies including 130 S&P 500 members reporting their quarterly numbers. The lineup features plenty of technology companies including Facebook Inc. FB .

As of Friday, Oct 28, 2016, per our latest Earnings Preview , we have had results from 291 S&P 500 members (68.5% of the index's total market capitalization). Total earnings are up 2.2% year over year on 1.3% increase in revenues.

This quarter is poised to become the first to record growth after five successive quarters of earnings decline. The performance of the technology and finance sectors has been decent but energy continues to be a drag. Overall, total earnings of S&P 500 members are expected to be up 2% on 1.4% higher revenues.

Total earnings of the companies in the tech sector, representing 72.2% of the sector's total market capitalization in the S&P 500 index, are up 1.6% on 1.5% higher revenues. The quarterly results for the technology sector continue to take a hit because of disappointing numbers from Apple AAPL . The company's third quarter earnings are down 19% year over year with revenues down 9%. Per our model, if we exclude Apple, earnings for the rest of the tech companies that have reported to date are up 8.8% on 4.5% increase in revenues.

Let's see what's in store for four Internet stocks, all of which are expected to release quarterly numbers on Nov 2.

Incorporated in Jul 2004 and headquartered in Menlo Park, CA, Facebook . through its web-based portal helps in creating and fostering social networks. Facebook helps users exchange messages, post pictures, play social games, listen to music, and interact with their favorite brands. Facebook's subsidiaries include, photo sharing app Instagram, Whatsapp, Messenger and Oculus.

Currently, Facebook carries a Zacks Rank #4 (Sell) and has an Earnings ESP of 0.00%.The Zacks Consensus Estimate for third quarter 2016 stands at 76 cents. Last quarter, the company posted a positive earnings surprise of 22.58%. Notably, for the four preceding quarters, Facebook has a positive average earnings surprise of 18.25%. (Read: Facebook Q3 Earnings: Will Ad Revenues Do the Trick? )

FACEBOOK INC-A Price and EPS Surprise

FACEBOOK INC-A Price and EPS Surprise | FACEBOOK INC-A Quote

Ottawa, Canadabased Shopify Inc.SHOP provides cloud-based commerce platform that enables merchants to design, set up and manage their stores through web, mobile, social media and brick-and-mortar locations.

Currently, Shopify 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 Shopify, the Zacks Consensus Estimate for third quarter 2016 stands at a loss of 10 cents. Last quarter, the company posted a positive earnings surprise of 23.08%. Notably, for the four preceding quarters, Shopify has a positive average earnings surprise of 19.46%.

SHOPIFY INC Price and EPS Surprise

SHOPIFY INC Price and EPS Surprise | SHOPIFY INC Quote

San Francisco, CA based Yelp Inc.YELP is a platform engaged in providing information through an online community covering variety of services like restaurants, shopping, nightlife and health. The company serves customers in the United States, Canada, UK and in major European countries like Ireland, France, Germany, and Austria and more.

Currently, Yelp carries a Zacks Rank #4 and has an Earnings ESP of 0.00%. The Zacks Consensus Estimate for third quarter 2016 stands at a loss of 3 cents. Last quarter, the company posted a positive earnings surprise of 128.57%. However, for the four preceding quarters, Yelp has an average negative earnings surprise of 195.64%.

YELP INC Price and EPS Surprise

YELP INC Price and EPS Surprise | YELP INC Quote

Nashville, TN, HealthStream, Inc.HSTM is pioneering a web-based solution to meet the training and education needs of the healthcare industry utilizing its proprietary system. Through strategic relationships with medical institutions and commercial organizations, the company has amassed hours of training and education courses. The company distributes hours of these courses online to allied healthcare professionals, nurses, doctors and other healthcare workers.

Currently, HealthStream carries a Zacks Rank #3 (Hold) and has an Earnings ESP of 0.00%.The Zacks Consensus Estimate for third quarter 2016 stands at 7 cents. Last quarter, the company posted a negative earnings surprise of 37.50%. For the four preceding quarters, HealthStream,has an average positive earnings surprise of 19.79%.

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

HEALTHSTREAM Price and EPS Surprise

HEALTHSTREAM Price and EPS Surprise | HEALTHSTREAM Quote

Now See Our Private Investment Ideas

While the above ideas are being shared with the public, other trades are hidden from everyone but selected members. Would you like to peek behind the curtain and view them? Starting today, for the next month, you can follow all Zacks' private buys and sells in real time from value to momentum . . . from stocks under $10 to ETF and option moves . . . from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors. Click here for Zacks' secret trades >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

HEALTHSTREAM (HSTM): Free Stock Analysis Report

APPLE INC (AAPL): Free Stock Analysis Report

YELP INC (YELP): Free Stock Analysis Report

FACEBOOK INC-A (FB): Free Stock Analysis Report

SHOPIFY INC (SHOP): Free Stock Analysis Report

To read this article on Zacks.com click here.

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.

In This Story

FB SHOP HSTM YELP AAPL

Other Topics

Earnings Stocks

Latest Markets Videos