Adobe, Semtech And 3 Stocks To Watch Heading Into Thursday
Portfolio Pulse from Lisa Levin
Lennar Corporation, Semtech Corporation, Adobe Inc., IBEX Limited, and Copart, Inc. are the stocks to watch heading into Thursday. Lennar and Copart are expected to report their quarterly earnings, while Semtech and IBEX have reported mixed results. Adobe is also expected to release its earnings.
September 14, 2023 | 8:20 am
News sentiment analysis
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POSITIVE IMPACT
Adobe Inc. is expected to have earned $3.98 per share on revenue of $4.87 billion for the latest quarter. Its shares gained 0.3% in after-hours trading.
Positive earnings expectations and a rise in after-hours trading indicate a potential short-term increase in Adobe's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Copart, Inc. is expected to report quarterly earnings at 32 cents per share on revenue of $962.91 million. Its shares gained 0.1% in after-hours trading.
Positive earnings expectations and a slight rise in after-hours trading indicate a potential short-term increase in Copart's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Lennar Corporation is expected to report quarterly earnings at $3.51 per share on revenue of $8.45 billion. Its shares rose 0.2% in after-hours trading.
Positive earnings expectations and a rise in after-hours trading indicate a potential short-term increase in Lennar's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
IBEX Limited reported downbeat results for its fourth quarter and issued a weak FY24 revenue outlook. Its shares dipped 11.1% in the after-hours trading session.
Negative Q4 results and a weak FY24 outlook led to a significant drop in IBEX's stock price in after-hours trading, indicating a potential short-term decrease.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Semtech Corporation reported upbeat earnings for its second quarter, but issued a weak forecast for the third quarter. Its shares fell 5.1% in after-hours trading.
Despite positive Q2 earnings, a weak Q3 forecast led to a drop in Semtech's stock price in after-hours trading, indicating a potential short-term decrease.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100