Walmart, Home Depot And 3 Stocks To Watch Heading Into Tuesday
Portfolio Pulse from Avi Kapoor
U.S. stock futures are trading lower, with focus on earnings reports from Fluor Corporation, The L.S. Starrett Company, The Home Depot, Inc., Palo Alto Networks, Inc., and Walmart Inc. Fluor and L.S. Starrett reported their earnings, with Fluor expecting earnings of 57 cents per share and L.S. Starrett reporting a loss. Home Depot, Palo Alto Networks, and Walmart are anticipated to report their earnings, with analysts expecting specific earnings per share and revenue figures for each.
February 20, 2024 | 7:59 am
News sentiment analysis
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POSITIVE IMPACT
Palo Alto Networks, Inc. is projected to post quarterly earnings of $1.30 per share on revenue of $1.97 billion. Shares gained 0.3% in after-hours.
The increase in after-hours trading indicates a positive investor sentiment towards Palo Alto Networks' expected earnings report.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
NEUTRAL IMPACT
Analysts expect The Home Depot, Inc. to earn $2.76 per share on revenue of $34.63 billion. Shares fell 0.1% in after-hours trading.
The minimal change in after-hours trading suggests a neutral investor sentiment towards Home Depot's upcoming earnings report.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
Fluor Corporation is expected to report quarterly earnings at 57 cents per share on revenue of $4.11 billion. Shares fell 0.7% in after-hours trading.
The slight drop in after-hours trading suggests a cautious or negative investor sentiment towards Fluor's expected earnings report.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
The L.S. Starrett Company reported a loss of 5 cents per share versus a year-ago profit, with net sales falling 7% to $62.1 million. Shares fell 6.2% in after-hours.
The reported loss and decline in sales, along with a significant drop in after-hours trading, indicate a negative market reaction to L.S. Starrett's earnings.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Walmart Inc. is expected to report quarterly earnings at $1.65 per share on revenue of $170.71 billion. Shares fell 0.4% in after-hours trading.
The slight drop in after-hours trading suggests a cautious or negative investor sentiment towards Walmart's expected earnings report.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90