Home Depot, Beauty Health And 3 Stocks To Watch Heading Into Tuesday
Portfolio Pulse from Lisa Levin
U.S. stock futures are trading higher, with investor focus on upcoming earnings reports and financial results. Home Depot (HD) is expected to report earnings of $3.58 per share on revenue of $35.66 billion. Beauty Health (SKIN) reported disappointing Q3 results and suspended its 2025 forecast, causing shares to drop 40.3%. Sally Beauty (SBH) is anticipated to report earnings of 46 cents per share on revenue of $930.47 million. Harrow (HROW) reported lower-than-expected Q3 results and reduced revenue guidance, leading to a 22.1% share price fall. Aramark (ARMK) is expected to report earnings of 64 cents per share on revenue of $4.79 billion.
November 14, 2023 | 10:05 am
News sentiment analysis
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POSITIVE IMPACT
Aramark is expected to report earnings, and positive results could lead to an increase in its stock price.
Earnings reports are a significant driver of stock price movement, and positive results can lead to stock appreciation.
CONFIDENCE 65
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
Home Depot is expected to report strong quarterly earnings, which could positively influence its stock price.
Anticipation of positive earnings typically leads to an optimistic outlook for the stock, potentially driving up the price in the short term.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 80
NEUTRAL IMPACT
Sally Beauty is expected to report earnings, and any deviation from expectations could impact the stock price.
The stock may react depending on whether the earnings meet, exceed, or fall short of analyst expectations.
CONFIDENCE 60
IMPORTANCE 65
RELEVANCE 70
NEGATIVE IMPACT
Harrow reported disappointing Q3 results and lowered its revenue guidance, leading to a sharp decline in its stock price.
Negative earnings reports and reduced revenue guidance are strong bearish signals that often result in a decrease in stock price.
CONFIDENCE 75
IMPORTANCE 85
RELEVANCE 85
NEGATIVE IMPACT
Beauty Health reported weaker-than-expected Q3 results and suspended its 2025 forecast, causing a significant drop in its share price.
Poor financial performance and the suspension of long-term forecasts are negative indicators that typically lead to a decline in investor confidence and stock price.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 90