Gap, BJ's Wholesale Club And 3 Stocks To Watch Heading Into Friday
Portfolio Pulse from Lisa Levin
BJ's Wholesale Club, Gap, The Buckle, Ross Stores, and Spectrum Brands are in focus as investors anticipate earnings reports and react to financial results. BJ's Wholesale is expected to report earnings of 96 cents per share on revenue of $4.96 billion. Gap reported better-than-expected Q3 results, causing a 17.1% share price jump. The Buckle is expected to earn 98 cents per share on revenue of $316.70 million. Ross Stores reported upbeat Q3 results and raised FY23 guidance, leading to a 6.2% share increase. Spectrum Brands is expected to report earnings of $1.03 per share on revenue of $738.26 million, with shares falling 1.2% prior to the report.
November 17, 2023 | 6:59 am
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NEUTRAL IMPACT
Spectrum Brands is expected to report earnings of $1.03 per share on revenue of $738.26 million, with shares falling 1.2% before the report.
The slight decline in share price before the earnings report suggests cautious investor sentiment, which could lead to a neutral short-term impact depending on the actual earnings results.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
BJ's Wholesale is expected to report earnings of 96 cents per share on revenue of $4.96 billion. Shares gained 1.3% in after-hours trading.
Positive after-hours trading movement suggests investor optimism ahead of the earnings report, potentially leading to a short-term price increase if the actual results meet or exceed expectations.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
The Buckle is expected to report earnings of 98 cents per share on revenue of $316.70 million. Shares gained 6% in after-hours trading.
The after-hours share price increase indicates investor confidence, which may lead to a short-term positive impact on the stock price if earnings meet expectations.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Gap reported better-than-expected Q3 results, leading to a 17.1% increase in share price in after-hours trading.
The significant after-hours price surge reflects the market's positive reaction to the earnings beat, which could carry into the short-term trading session.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 95
POSITIVE IMPACT
Ross Stores reported upbeat Q3 results and raised FY23 earnings guidance, causing shares to climb 6.2% in after-hours trading.
The positive earnings report and raised guidance are strong indicators of company performance, likely leading to continued short-term bullish sentiment.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 95