Advance Auto Parts, Salesforce And 3 Stocks To Watch Heading Into Wednesday
Portfolio Pulse from Lisa Levin
Advance Auto Parts, Salesforce, HP Inc., Sportsman's Warehouse Holdings, and Capri Holdings are stocks to watch on Wednesday. Advance Auto Parts and Capri Holdings are expected to post earnings before the opening bell, while Salesforce will release earnings after the market closes. HP Inc. reported better-than-expected earnings but missed sales expectations, and Sportsman's Warehouse posted a wider-than-expected loss and issued a weak forecast.
May 31, 2023 | 8:39 am
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NEUTRAL IMPACT
Advance Auto Parts is expected to post quarterly earnings of $2.57 per share on revenue of $3.43 billion before the opening bell.
The market has already priced in the expected earnings, so the short-term impact will depend on whether the actual results deviate significantly from the expectations.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
Capri Holdings is expected to post quarterly earnings of 94 cents per share on revenue of $1.28 billion before the opening bell.
The market has already priced in the expected earnings, so the short-term impact will depend on whether the actual results deviate significantly from the expectations.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
Salesforce is expected to report earnings of $1.61 per share on revenue of $8.18 billion for the latest quarter after the market closes.
The market has already priced in the expected earnings, so the short-term impact will depend on whether the actual results deviate significantly from the expectations.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
HP Inc. reported better-than-expected earnings for its second quarter, but sales missed expectations, causing shares to drop 4.3% in after-hours trading.
HP Inc.'s mixed earnings report, with better-than-expected profits but missed sales expectations, has already negatively impacted the stock price in after-hours trading, indicating a short-term negative impact.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Sportsman's Warehouse posted a wider-than-expected loss for its first quarter and issued a weak forecast for the current quarter, causing shares to drop 7.8% in after-hours trading.
Sportsman's Warehouse's wider-than-expected loss and weak forecast for the current quarter have already negatively impacted the stock price in after-hours trading, indicating a short-term negative impact.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100