2 Technology Stocks Interest Traders Ahead of Earnings Releases
salesforce.com, inc. (NYSE:CRM) will unveil its latest earnings on Thursday, November 17, 2011. The average estimate of analysts is for net income of 3 cents per share, a decline of 85% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate moved up. It has dropped from 4 cents during the last month. For the year, analysts are projecting profit of 19 cents per share, a decline of 71.2% from last year.
The company is looking to beat analyst estimates for the third quarter in a row. Last quarter, it beat estimates with net income of 7 cents per share against the mean estimate of 3 cents. In the prior quarter, the company reported profit of 6 cents. Analysts are projecting a rise of 33.2% in revenue from the year-earlier quarter to $571.4 million.
Competitors to Watch: Microsoft Corporation (NASDAQ:MSFT), Google Inc. (NASDAQ:GOOG), Oracle Corporation (NASDAQ:ORCL), Servicesource Intl. Inc (NASDAQ:SREV), SAP AG (NYSE:SAP), NetSuite Inc. (NYSE:N), Intl. Business Machines Corp. (NYSE:IBM), Pegasystems Inc. (NASDAQ:PEGA), LivePerson, Inc. (NASDAQ:LPSN), and Constant Contact, Inc. (NASDAQ:CTCT).
GameStop Corp. (NYSE:GME) will unveil its latest earnings on Thursday, November 17, 2011. The average estimate of analysts is for net income of 39 cents per share, a rise of 2.6% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 8.6% versus last year to $2.90.
Last quarter, the company beat estimates by one cent, coming in at profit of 22 cents per share against an estimate of net income of. The company also topped expectations in the first quarter. On average, analysts predict $1.97 billion in revenue this quarter, a rise of 3.7% from the year ago quarter. Analysts are forecasting total revenue of $9.89 billion for the year, a rise of 4.4% from last year’s revenue of $9.47 billion.
Competitors to Watch: Best Buy Co., Inc. (NYSE:BBY), RadioShack Corporation (NYSE:RSH), CONN’S, Inc. (NASDAQ:CONN), hhgregg, Inc. (NYSE:HGG), Rent-A-Center, Inc (NASDAQ:RCII), Amazon.com (NASDAQ:AMZN), eBay (NASDAQ:EBAY), Wal-Mart (NYSE:WMT) and Target (NYSE:TGT).