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The Zacks Analyst Blog Highlights: Tencent, Cisco and Nvidia

For Immediate Release

Chicago, IL -August 13, 2018 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Tencent HoldingsTCEHY , Cisco Systems, Inc. (CSCO and Nvidia CorporationNVDA .

Here are highlights from Friday's Analyst Blog:

Upcoming Tech Stocks Earnings to Watch: NVDA, TCEHY, CSCO

Q2 earnings season is finally starting to wind down, and as many expected, reactions to generally strong EPS and revenue growth have been mixed. Throughout Wall Street's many sectors and industries, expectations were varied, with many market-moving stocks unable to surpass these expectations to the extent that investors would overlook other potential headwinds, including U.S.-China trade war fears.

Growth has been robust throughout the Q2 reporting season as companies, especially those in the technology sector, continued to benefit from a strong consumer economy and new tax cuts. But many stocks found that healthy growth was already baked in to their share prices and could not quite break higher.

Nevertheless, this week proved that certain tech stocks-including Roku (ROKU), Yelp (YELP), Twilio (TWLO)-could still skyrocket in the wake of surprising reports. Will that trend continue through the remainder of the sector's trendy earnings announcements?

Well, 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 August 13.

1. Tencent Holdings

Wall Street's top Chinese tech stocks have faced pressure recently as economic growth in China has slowed, but many of these companies will look to reverse that trend with strong earnings next week. Notably, messaging and mobile gaming giant Tencent is set to report onAugust 15.

Shares of Tencent have tumbled more than 22% from the 52-week highs seen in January. However, the stock has rebounded over the past two weeks and could carry momentum into the report. TCEHY is sporting a Zacks Rank #3 (Hold), and consensus estimates are calling for EPS growth of 32% and revenue growth of 48%.

2. Cisco Systems, Inc.

Information tech behemoth Cisco is scheduled to release its latest quarterly earnings report after the market closes on August 15. Shares of the company have added about 2% in the past month, and the stock is carrying a Zacks Rank #3 (Hold) right now. Our consensus estimates are calling for earnings of $0.69 per share and revenue of $12.77 billion.

This revenue result would mark year-over-year growth of about 5%, while the EPS estimate is calling for growth of 13%. Investors should note that Cisco's EPS projection has remained flat over the duration of the quarter, although the firm does have a strong history of modest bottom-line beats.

3. Nvidia Corporation

The wind has definitely been taken out of the sails of previously-red-hot Nvidia recently, as everyone's favorite growth stock is no longer testing all-time highs on a daily basis. But this is a company that usually impressed in earnings season, and it will look to do just that when it reports after the bell on August 16.

According to our latest Zacks Consensus Estimates, analysts expect Nvidia is report adjusted earnings of $1.83 per share and quarterly revenue of $3.11 billion. These results would mark year-over-year growth of 81% and 39%, respectively.

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss . This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

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Cisco Systems, Inc. (CSCO): Free Stock Analysis Report

Tencent Holding Ltd. (TCEHY): Free Stock Analysis Report

NVIDIA Corporation (NVDA): Free Stock Analysis Report

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Zacks Investment Research

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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