Winnebago Industries, La-Z-Boy And 3 Stocks To Watch Heading Into Wednesday
Portfolio Pulse from Lisa Levin
Winnebago Industries, La-Z-Boy, FedEx, Patterson Companies, and KB Home are stocks to watch on Wednesday. Winnebago and Patterson Companies are expected to report earnings before the opening bell, while KB Home will report after the closing bell. FedEx reported better-than-expected earnings but missed sales estimates, and La-Z-Boy announced better-than-expected earnings but issued a weak sales forecast.
June 21, 2023 | 8:03 am
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NEGATIVE IMPACT
FedEx reported better-than-expected earnings for Q4 but missed sales estimates, and announced the retirement of its CFO, causing its shares to drop 3.1% in after-hours trading.
FedEx's mixed earnings report and the announcement of its CFO's retirement are likely to negatively impact its stock price in the short term, as investors may be concerned about the company's financial performance and leadership changes.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
La-Z-Boy reported better-than-expected earnings for Q4 but issued a weak sales forecast for the current quarter, causing its shares to fall 5.2% in after-hours trading.
La-Z-Boy's weak sales forecast for the current quarter is likely to negatively impact its stock price in the short term, as investors may be concerned about the company's growth prospects.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90
NEUTRAL IMPACT
KB Home is expected to post quarterly earnings of $1.34 per share on revenue of $1.42 billion after the closing bell.
KB Home's earnings report will likely impact its stock price, but the direction is uncertain without knowing the actual results compared to expectations.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Patterson Companies is expected to report earnings of 70 cents per share on revenue of $1.66 billion for the latest quarter.
Patterson Companies' earnings report will likely impact its stock price, but the direction is uncertain without knowing the actual results compared to expectations.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Winnebago Industries is expected to report quarterly earnings of $1.83 per share on revenue of $961.04 million.
Winnebago's earnings report will likely impact its stock price, but the direction is uncertain without knowing the actual results compared to expectations.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80