Accenture, Steelcase And 3 Stocks To Watch Heading Into Thursday
Portfolio Pulse from Lisa Levin
U.S. stock futures are trading lower on Thursday, with investor focus on Commercial Metals Company (CMC), Steelcase Inc. (SCS), Accenture plc (ACN), KB Home (KBH), and Darden Restaurants, Inc. (DRI). CMC, ACN, and DRI are expected to report earnings, while SCS and KBH have announced better-than-expected earnings.
June 22, 2023 | 8:04 am
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POSITIVE IMPACT
KB Home announced stronger-than-expected earnings for its second quarter, with full-year housing revenues expected to be between $5.8 billion and $6.2 billion.
KBH's better-than-expected earnings report and strong full-year housing revenue guidance are likely to have a positive impact on its stock price in the short term, as investors react to the strong results.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Steelcase Inc. reported better-than-expected earnings for its first quarter, with shares gaining 2.6% to $7.43 in after-hours trading.
SCS's better-than-expected earnings report is likely to have a positive impact on its stock price in the short term, as investors react to the strong results.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Analysts expect Accenture plc to report earnings of $3.04 per share on revenue of $16.56 billion for the latest quarter.
ACN's earnings report will directly impact its stock price. However, without knowing the actual results, it's difficult to predict the short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Commercial Metals Company is expected to report quarterly earnings of $1.75 per share on revenue of $2.24 billion.
CMC's earnings report will directly impact its stock price. However, without knowing the actual results, it's difficult to predict the short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Darden Restaurants, Inc. is expected to post quarterly earnings of $2.54 per share on revenue of $2.77 billion.
DRI's earnings report will directly impact its stock price. However, without knowing the actual results, it's difficult to predict the short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100