Costco Wholesale, Paychex And 3 Stocks To Watch Heading Into Wednesday
Portfolio Pulse from Lisa Levin
Paychex, Costco Wholesale, Worthington Industries, Galecto, and Micron Technology are the stocks to watch on Wednesday. Paychex is expected to report quarterly earnings of $1.12 per share on revenue of $1.29 billion. Costco reported better-than-expected earnings and sales results for its fourth quarter. Worthington Industries is expected to have earned $2.04 per share on revenue of $1.23 billion. Galecto announced plans to explore strategic alternatives. Micron Technology is expected to post a quarterly loss at $1.18 per share on revenue of $3.91 billion.
September 27, 2023 | 9:09 am
News sentiment analysis
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NEGATIVE IMPACT
Micron Technology is expected to post a quarterly loss at $1.18 per share on revenue of $3.91 billion.
The expectation of a quarterly loss is generally negative for the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Galecto announced plans to explore strategic alternatives.
The announcement of exploring strategic alternatives could lead to potential changes in the company's direction, which could impact the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Paychex is expected to report quarterly earnings of $1.12 per share on revenue of $1.29 billion.
The stock price will depend on whether the company meets, exceeds or falls short of expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Worthington Industries is expected to have earned $2.04 per share on revenue of $1.23 billion.
The stock price will depend on whether the company meets, exceeds or falls short of expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Costco reported better-than-expected earnings and sales results for its fourth quarter.
Better-than-expected earnings and sales results are generally positive for the stock price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100