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Upcoming Tech Earnings Reports to Watch: COUP, ADBE, AVGO

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A better-than-expected February jobs report moved stocks higher in morning trading Friday. The latest employment figures, which come on the nine-year anniversary of the so-called "generational bottom," seem to confirm the fundamental health of the economy. But for those paying attention to fourth-quarter earnings season, that health was probably already apparent.

At this point, well over 90% of the S&P 500 members have reported their latest results, and the numbers have been pretty impressive across the board. Revenue growth was strong, and U.S. tax reform inspired positive guidance.

At this point, well over 90% of the S&P 500 members have reported their latest results, but there are still several marquee reports to anticipate. Indeed, the upcoming week will include a handful of market favorites and bellwether brands, meaning that investors will need to be paying attention.

Investors should remember that they 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.

Today, we've made that task even easier for you. Using the Earnings Calendar, we looked ahead to next week and selected most-important tech reports to watch. Make sure to keep an eye on these companies as they prepare to report during the week of March 12!

1. Coupa Software Inc. (COUP)

Coupa Software is a popular growth company that provides a cloud-based spend management platform designed to connect organizations with suppliers. Coupa is scheduled to release its latest quarterly financial results after the market closes on March 12. Heading into the report date, COUP is holding a Zacks Rank #2 (Buy).

Our latest Zacks Consensus Estimate is calling for Coupa to report an adjusted loss of 15 cents per share. Nevertheless, the company is expected to post revenue growth of 28%, with total quarterly sales reaching $48.6 million. The stock is also sporting an "A" grade for Growth in our Style Scores system before its report.

2. Adobe Systems Inc. (ADBE)

Creative software giant Adobe is scheduled to post its most recent quarterly earnings report on March 15. ADBE has emerged as one of the tech sector's hottest stocks lately, with shares gaining more than 80% over the past year. With that kind of momentum, investors will definitely be looking for a great report from Adobe.

ADBE is currently holding a Zacks Rank #2 (Buy). Our latest Zacks Consensus Estimates are calling for adjusted earnings of $1.43 per share and revenues of $2.04 billion. These results would represent year-over-year growth of 52% and 21%, respectively.

3. Broadcom Limited (AVGO)

Semiconductor behemoth Broadcom has been dominating headlines thanks to its proposed merger with Qualcomm (QCOM). The status of that deal is still up in there, but investors will certainly want to focus on Broadcom's latest results to gauge its financial health as the deal potentially progresses.

Ahead of the report, AVGO has a Zacks Rank #3 (Hold). Based on our latest consensus estimates, we expect the company to report adjusted earnings of $5.03 per share and revenues of $5.32 billion. These results would mark year-over-year improvements of 39% and 29%, respectively.

Want more market analysis from this author? Make sure to follow @ Ryan_McQueeneyon Twitter!

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COUPA SOFTWARE (COUP): Free Stock Analysis Report

Adobe Systems Incorporated (ADBE): Free Stock Analysis Report

Broadcom Limited (AVGO): 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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