Carnival, GameStop And 3 Stocks To Watch Heading Into Wednesday
Portfolio Pulse from Avi Kapoor
Carnival, GameStop, RH, nCino, and Cintas are stocks to watch, with Carnival and Cintas expected to report earnings, GameStop posting weak Q4 results, RH anticipated to release earnings, and nCino reporting strong Q4 results and positive FY25 guidance.
March 27, 2024 | 8:03 am
News sentiment analysis
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POSITIVE IMPACT
Carnival expected to report a quarterly loss at 18 cents per share on revenue of $5.43 billion. Shares gained 1.2% after-hours.
Positive after-hours movement suggests investor optimism ahead of the earnings report, potentially leading to short-term gains.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Cintas expected to post quarterly earnings at $3.58 per share on revenue of $2.39 billion. Shares rose 0.6% after-hours.
The modest after-hours increase suggests a positive investor outlook ahead of the earnings report, potentially leading to short-term gains.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
nCino reported better-than-expected Q4 results and issued positive FY25 guidance. Shares surged 11.7% after-hours.
The strong Q4 performance and optimistic FY25 guidance have positively impacted investor sentiment, suggesting a bullish short-term outlook.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 95
POSITIVE IMPACT
RH expected to report earnings of $1.67 per share on revenue of $777.48 million. Shares gained 0.6% after-hours.
The slight after-hours gain indicates cautious optimism among investors, potentially leading to positive short-term movement.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
GameStop reported weaker-than-expected Q4 results, causing shares to dip 15.3% in after-hours trading.
The significant after-hours drop reflects negative investor reaction to the earnings miss, likely leading to short-term price decline.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 95