Gap, Genesco And 3 Stocks To Watch Heading Into Friday
Portfolio Pulse from Avi Kapoor
Several companies are in focus heading into Friday, with earnings reports and financial results influencing stock movements. Genesco Inc. is expected to report earnings, while Smith & Wesson Brands, Inc. has already reported better-than-expected results. Algonquin Power & Utilities Corp. is also anticipated to release its earnings, with The Gap, Inc. reporting strong financial results. Lastly, America's Car-Mart, Inc. is expected to report a quarterly loss.
March 08, 2024 | 8:24 am
News sentiment analysis
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NEUTRAL IMPACT
America's Car-Mart, Inc. is expected to report a quarterly loss at 65 cents per share, with shares gaining 1.1% in after-hours.
Despite the expected loss, the slight gain in after-hours trading suggests a neutral short-term impact on CRMT's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Algonquin Power & Utilities Corp. is expected to have earned 15 cents per share, with shares gaining 1.5% in after-hours.
The anticipation of earnings and after-hours gains suggest a positive outlook for AQN in the short term.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Genesco Inc. is expected to report quarterly earnings at $3.04 per share on revenue of $705.66 million. Shares gained 3% in after-hours.
Positive anticipation of earnings report and after-hours gains suggest a bullish outlook for GCO in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The Gap, Inc. reported stronger-than-expected financial results for its fourth quarter, with shares jumping 5.6% in after-hours.
The strong financial results have positively impacted Gap's stock price, indicating a bullish short-term impact.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Smith & Wesson Brands, Inc. reported better-than-expected third-quarter financial results, causing shares to surge 7.9% in after-hours.
The positive earnings surprise has likely contributed to the surge in SWBI's stock price, indicating a bullish short-term impact.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90