Kroger, DocuSign And 3 Stocks To Watch Heading Into Friday
Portfolio Pulse from Lisa Levin
Kroger, DocuSign, Hooker Furnishings, Smartsheet, and Rent the Runway are stocks to watch heading into Friday. Kroger and Hooker Furnishings are expected to report earnings, while DocuSign and Smartsheet reported better-than-expected Q2 results. Rent the Runway is expected to report a quarterly loss.
September 08, 2023 | 9:35 am
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POSITIVE IMPACT
DocuSign reported better-than-expected results for its second quarter. Its shares rose 2.8% in the after-hours trading session.
The better-than-expected Q2 results and the rise in share price in after-hours trading indicate a positive short-term impact on DocuSign's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Hooker Furnishings is expected to release earnings for the second quarter. Its shares rose 2.8% in after-hours trading.
The anticipation of the earnings report and the rise in share price in after-hours trading indicate a positive short-term impact on Hooker Furnishings' stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Kroger is expected to report quarterly earnings at 91 cents per share on revenue of $34.12 billion. Its shares rose 1% in after-hours trading.
The anticipation of the earnings report and the rise in share price in after-hours trading indicate a positive short-term impact on Kroger's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Smartsheet reported better-than-expected results for its second quarter and issued a strong forecast for FY24. Its shares gained 6.5% in the after-hours trading session.
The better-than-expected Q2 results, strong FY24 forecast, and the rise in share price in after-hours trading indicate a positive short-term impact on Smartsheet's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Rent the Runway is expected to report a quarterly loss at 43 cents per share on revenue of $78.25 million. Its shares rose 3.7% in after-hours trading.
Despite the expected quarterly loss, the rise in share price in after-hours trading indicates a neutral short-term impact on Rent the Runway's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100