4 Tech Stocks Set to Release Earnings This Week

JDS Uniphase Corp (NASDAQ:JDSU) will unveil its latest earnings on Wednesday, May 2, 2012. The average estimate of analysts is for profit of 7 cents per share, a decline of 58.8% 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 13 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 7 cents during the last month. For the year, analysts are projecting net income of 47 cents per share, a decline of 35.6% from last year.

The company beat estimates last quarter by reporting profit of 6 cents per share against a mean estimate of net income of 4 cents. Analysts predict a decline of 7.5% in revenue from the year-earlier quarter to $420 million.

Symantec Corp (NASDAQ:SYMC) will unveil its latest earnings on Wednesday, May 2, 2012. The average analyst estimate is for profit of 33 cents per share, no change from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 37 cents. Between one and three months ago, the average estimate was unchanged. It has since dropped over the last month. For the year, analysts are projecting net income of $1.46 per share, a rise of 15% from last year.

The company fell short of estimates last quarter after being in line with forecasts the quarter prior. In the third quarter, it reported profit of 36 cents per share versus a mean estimate of 37 cents. Two quarters ago, it reported net income of 34 cents per share. Analysts are projecting a rise of 1.2% in revenue from the year-earlier quarter to $1.69 billion.

Zillow Inc. (NASDAQ:Z) will unveil its latest earnings on Wednesday, May 2, 2012. The average estimate of analysts is for the company to break even after the company reported a loss of one cent per share in the year-earlier quarter. The average estimate is the same as three months ago. Between one and three months ago, the average estimate moved down. It has risen from a loss of 2 cents during the last month. Analysts are projecting profit to rise by 85.7% versus last year to 13 cents.

The company is looking to top estimates for the third straight quarter. Last quarter, it reported net income of 3 cents per share against a mean estimate of net loss of 3 cents, and the quarter before, the company exceeded forecasts by 4 cents with profit of 5 cents versus a mean estimate of net income of one cent. Analysts seem relatively indifferent about Zillow with three of five analysts surveyed maintaining a hold rating.