HP, Best Buy And 3 Stocks To Watch Heading Into Thursday
Portfolio Pulse from Avi Kapoor
Ahead of Thursday's trading, notable movements include Best Buy's expected earnings report, HP's in-line earnings but sales miss, Dell's anticipated earnings, Snowflake's CEO change alongside upbeat earnings, and Hormel Foods' expected earnings. Best Buy and Hormel Foods shares rose in after-hours, while HP, Dell, and Snowflake shares fell.
February 29, 2024 | 7:42 am
News sentiment analysis
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POSITIVE IMPACT
Best Buy is expected to report earnings of $2.51 per share on revenue of $14.53 billion. Shares rose 1.5% in after-hours.
Positive anticipation of earnings report and after-hours share price increase suggest a short-term positive impact.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Hormel Foods is expected to report earnings of 34 cents per share on revenue of $2.92 billion. Shares rose 1.5% in after-hours.
Positive anticipation of earnings report and after-hours share price increase suggest a short-term positive impact.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
NEUTRAL IMPACT
Dell is expected to report earnings of $1.73 per share on revenue of $22.16 billion. Shares fell 1.5% in after-hours.
Anticipation of earnings report with a slight after-hours share price decline suggests a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
HP reported in-line earnings for Q1 but sales missed estimates. FY24 earnings projected at $3.25 to $3.65 per share. Shares fell 3.7%.
Sales miss and after-hours share price decline indicate a short-term negative impact.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Snowflake reported upbeat earnings for Q4, announced CEO change. Shares dipped 20.3% in after-hours.
Despite upbeat earnings, the CEO change and significant after-hours share price drop suggest a short-term negative impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 95