Infosys, Richardson Electronics And 3 Stocks To Watch Heading Into Thursday
Portfolio Pulse from Avi Kapoor
U.S. stock futures are trading higher, with investor focus on Infosys (INFY), KB Home (KBH), Concrete Pumping Holdings (BBCP), Richardson Electronics (RELL), and Northern Technologies International Corporation (NTIC) based on earnings reports and expectations. Infosys is expected to report earnings before the opening bell, while KB Home reported higher earnings but a decrease in homes delivered. Concrete Pumping will release earnings after market close. Richardson Electronics posted weaker-than-expected results, and Northern Technologies is expected to report earnings before the opening bell.
January 11, 2024 | 8:19 am
News sentiment analysis
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NEGATIVE IMPACT
KB Home reported higher earnings for Q4 but a 10% fall in homes delivered. Shares fell 1.1% in after-hours trading.
The drop in homes delivered could overshadow the positive earnings report, potentially leading to a negative short-term impact on the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
Richardson Electronics reported weaker-than-expected results for its second quarter, causing a 13% dip in after-hours trading.
The significant after-hours drop suggests a strong negative short-term impact due to the disappointing earnings results.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
NEUTRAL IMPACT
Concrete Pumping Holdings is expected to earn 18 cents per share on revenue of $119.69 million. Shares rose slightly on Wednesday.
The slight rise in shares indicates a neutral to positive sentiment, but the actual earnings report will determine the short-term impact.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Infosys is expected to report quarterly earnings at 18 cents per share on revenue of $4.63 billion. Shares fell slightly in after-hours trading.
Earnings reports can cause stock price volatility, but the slight after-hours dip suggests a neutral short-term impact as the market has likely priced in expectations.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Northern Technologies is expected to post earnings at 18 cents per share on revenue of $21 million. Shares gained 2% in after-hours trading.
The after-hours gain suggests a neutral to positive outlook, but the actual earnings will be the key driver for short-term price action.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70