Looking Ahead Of Wall Street: QRVO, YELP, And SSYS

Investors and analysts alike have been on the edge of their seats this earnings season with Qorvo Inc (QRVO), Yelp Inc. (YELP), and Stratasys Ltd. (SSYS) all slated to post their quarterly financial results this week. Here's what investors should look out for:

Qorvo

Technology company Qorvo will announce fiscal 2016 first quarter earnings results on Wednesday, July 29, after market close. The Street expects the company to post earnings of $1.06 per share and $664.55 million in revenue.

Analysts believe Qorvo will benefit from being one of Apple's (AAPL) main chip suppliers given strong demand. Additionally, increasing smartphone demand in China is also expected to be a driver in Qorvo's earnings.

Wall Street also expects to see momentum from Huawei, an early adopter of RF Flex and RF Fusion, and more cost synergies from the merger of RF Micro Devices and TriQuint Semiconductor.

Out of 7 analysts polled by TipRanks, all 7 are bullish on Qorvo. The average 12-month price target for Qorvo is $89.21, marking a 23.42% potential upside from where the stock is currently trading. On average, the all-analyst consensus for Qorvo is Strong Buy.

 

Stratasys

3-D printing company Stratasys will post second quarter 2015 earnings results on Thursday, July 30, before the market opens. The Street estimates the company to post earnings of $0.15 per share and $182.06 million in revenue, down from $0.30 earnings per share but up from $178.46 million in revenue year-over-year.

Stratasys shares have not had the best year, having plummeted over -57% year-to-date. The stock drop stems from the sales flop of the fifth-generation Makerbot Replicator; a printer developed by acquired company Makerbot. When Stratasys acquired Makerbot, the company posted 190% top-line growth. This past February, Statasys revealed that Makerbot only had sales growth of 7%.

Wall Street believes Stratasys's earnings expectations are too high and that results will likely miss expectations.

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