Costco Wholesale, Constellation Brands And 3 Stocks To Watch Heading Into Friday
Portfolio Pulse from Avi Kapoor
U.S. stock futures are trading lower, but several companies are in focus with upcoming earnings reports and sales data. Constellation Brands is expected to report earnings of $3.00 per share on $2.54 billion revenue. Franklin Covey reported higher sales but saw a 6% drop in after-hours trading. The Greenbrier Companies are anticipated to post earnings of 73 cents per share on $849.94 million revenue. Costco Wholesale reported a 9.9% increase in December sales year-over-year. AngioDynamics is expected to report a quarterly loss of 7 cents per share on revenue of $82.04 million.
January 05, 2024 | 10:24 am
News sentiment analysis
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NEGATIVE IMPACT
AngioDynamics is expected to post a quarterly loss, which may negatively impact the stock in the short term.
Expected losses generally lead to negative sentiment among investors, potentially driving the stock price down in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
Despite upbeat sales, Franklin Covey's stock fell 6% in after-hours, which may continue to impact the stock negatively in the short term.
The after-hours drop suggests that despite the positive sales report, there may be concerns or unmet expectations that could negatively affect the stock.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 70
NEUTRAL IMPACT
The Greenbrier Companies are expected to report earnings, which could influence the stock depending on whether they meet or exceed expectations.
The stock may react depending on the outcome of the earnings report. A match or beat could lead to a positive impact, while a miss could lead to a negative impact.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Costco reported a significant increase in December sales, which could lead to a positive short-term impact on its stock price.
A significant year-over-year increase in sales is a strong positive indicator and is likely to be viewed favorably by investors.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Constellation Brands is expected to report strong earnings, which could positively influence its stock price.
Positive earnings expectations typically lead to a positive short-term impact on the stock price, especially when the company beats market expectations.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80