Today we are watching…
1. Qorvo (#qorvo)
Semiconductor producer, Qorvo, is ready to publish its earnings today and analysts are on the fence about its chances of pulling off an earnings beat. while the company has experienced robust growth in its defense, wireless and 5G infrastructure sales, its customer concentration from Apple and Huawei remains a strong headwind as the trade war re-ignites. The consensus EPS estimate is $1.06 (-0.9%) on revenue of $670.59m (+0.9%).
2. Electronic Arts (#elecarts)
Electronic Arts, on the other hand, is looking solid ahead of its earnings report. Analysts have been upgrading their estimates considerably in the lead up to today’s announcement, which often bodes well for a stock’s chances at producing positive results. The share is trading roughly 58% below its 52-week high and has plenty of upside on offer if the company provides a strong outlook today. Watch out for this one!
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