ABM Industries, Adobe And 3 Stocks To Watch Heading Into Wednesday
Portfolio Pulse from Avi Kapoor
ABM Industries, Adobe, REV Group, ReShape Lifesciences, and UGI Corporation are stocks to watch with upcoming earnings reports and significant after-hours movements. ABM is expected to report earnings of $0.92 per share, ReShape received FDA approval for its Lap-Band 2.0 FLEX, REV Group is anticipated to earn $0.34 per share, UGI named Mario Longhi as interim CEO, and Adobe is expected to post earnings of $4.14 per share.
December 13, 2023 | 8:34 am
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POSITIVE IMPACT
ABM Industries is expected to report quarterly earnings at $0.92 per share on revenue of $2.03 billion. Shares rose 1.9% after-hours.
Positive after-hours movement and expected earnings report may lead to a short-term price increase.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Adobe Inc. is expected to post quarterly earnings at $4.14 per share on revenue of $5.02 billion. Shares gained slightly by 0.1% after-hours.
The anticipation of a strong earnings report could positively influence Adobe's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
REV Group is expected to earn $0.34 per share on revenue of $666.13 million. Shares increased by 1.6% in after-hours trading.
Positive earnings expectations and after-hours growth suggest a potential uptick in the short term for REV Group's stock.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
ReShape Lifesciences shares surged 52.3% after FDA approval for its next-generation Lap-Band 2.0 FLEX.
The FDA approval is a significant positive catalyst that is likely to continue driving the stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
UGI Corporation named Mario Longhi as interim CEO after Roger Perreault stepped down. Shares rose 3% after-hours.
CEO changes can lead to stock volatility, but the positive after-hours response indicates a short-term optimistic outlook.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70