Macy's, Lowe's And 3 Stocks To Watch Heading Into Tuesday
Portfolio Pulse from Avi Kapoor
U.S. stock futures are trading lower, impacting several companies. Lowe's and The J. M. Smucker Company are expected to report earnings, with Lowe's anticipated to post $1.68 per share on $18.45 billion revenue, and Smucker expected at $2.27 per share on $2.22 billion revenue. The Aaron's Company reported a Q4 loss with sales below estimates, causing a 26.9% drop in after-hours trading. Macy's is expected to earn $1.96 per share on $8.15 billion revenue. Unity Software reported mixed Q4 results and anticipates Q1 revenue between $415 million to $420 million, leading to a 19% drop in its shares.
February 27, 2024 | 7:25 am
News sentiment analysis
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POSITIVE IMPACT
Lowe's is expected to report quarterly earnings of $1.68 per share on revenue of $18.45 billion. Shares gained 0.5% in after-hours trading.
Positive anticipation of earnings report and after-hours share gain indicate a likely short-term positive impact on Lowe's stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Macy's is expected to report earnings of $1.96 per share on revenue of $8.15 billion. Shares gained 1.6% in after-hours trading.
The positive anticipation of Macy's earnings report and after-hours share gain suggest a likely short-term positive impact on its stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
The J. M. Smucker Company is expected to report earnings of $2.27 per share on revenue of $2.22 billion. Shares gained 0.6% in after-hours trading.
Positive anticipation of earnings report and after-hours share gain indicate a likely short-term positive impact on Smucker's stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
The Aaron's Company reported a Q4 loss with sales missing estimates, leading to a 26.9% drop in after-hours trading.
The reported loss and missed sales estimates have significantly impacted Aaron's stock, indicating a negative short-term outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 95
NEGATIVE IMPACT
Unity Software reported mixed Q4 results and sees Q1 revenue between $415 million to $420 million, causing a 19% drop in shares.
Mixed financial results and the subsequent significant drop in share price indicate a negative short-term impact on Unity Software's stock.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 95