2 Huge Tech Stocks in Focus Before Earnings

Yahoo!, Inc. (NASDAQ:YHOO) will unveil its latest earnings on Tuesday, October 18, 2011. The average estimate of analysts is for profit of 17 cents per share, no change from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 19 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 17 cents during the last month. For the year, analysts are projecting net income of 74 cents per share, a rise of 1.4% from last year.

Last quarter, the company beat estimates by one cent, coming in at profit of 19 cents a share versus the estimate of net income of 18 cents a share. It marked the fourth straight quarter of beating estimates. Analysts are projecting a decline of 4.5% in revenue from the year-earlier quarter to $1.07 billion.

Competitors to Watch: Google Inc. (NASDAQ:GOOG), Microsoft Corporation (NASDAQ:MSFT), AOL, Inc. (NYSE:AOL), IAC/InterActiveCorp (NASDAQ:IACI), Rediff.com India Ltd. (NASDAQ:REDF), Sohu.com Inc. (NASDAQ:SOHU), Baidu.com, Inc. (NASDAQ:BIDU), InfoSpace, Inc. (NASDAQ:INSP), Intl. Business Machines Corp. (NYSE:IBM), and Demand Media Inc (NYSE:DMD).

EMC Corp (NYSE:EMC) will unveil its latest earnings on Tuesday, October 18, 2011. The average estimate of analysts is for net income of 30 cents per share, a rise of 20% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 29 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 30 cents during the last month. Analysts are projecting profit to rise by 17.3% versus last year to $1.22.

Last quarter, the company came in at profit of 29 cents per share against a mean estimate of net income of 27 cents per share, beating estimates after missing them in the previous quarter. In the first quarter, it missed forecasts by one cent. On average, analysts predict $4.92 billion in revenue this quarter, a rise of 16.9% from the year ago quarter. Analysts are forecasting total revenue of $19.9 billion for the year, a rise of 16.9% from last year’s revenue of $17.02 billion.

Competitors to Watch: NetApp Inc. (NASDAQ:NTAP), Dot Hill Systems Corp. (NASDAQ:HILL), Western Digital Corp. (NYSE:WDC), Quantum Corporation (NYSE:QTM), Overland Storage, Inc. (NASDAQ:OVRL), Hewlett-Packard Company (NYSE:HPQ), Xyratex Ltd. (NASDAQ:XRTX), ADPT Corporation (ADPT), Intl. Business Machines Corp. (NYSE:IBM), and Brocade Communications Systems, Inc. (NASDAQ:BRCD).