Acuity Brands, Cal-Maine Foods And 3 Stocks To Watch Heading Into Wednesday
Portfolio Pulse from Avi Kapoor
Acuity Brands, Cal-Maine Foods, Levi Strauss, View, Inc., and BlackBerry Limited are stocks to watch. Acuity Brands is expected to report earnings of $3.25 per share. Cal-Maine Foods reported Q4 earnings beating estimates, causing a 7% stock surge. Levi Strauss is anticipated to report earnings of 21 cents per share. View, Inc. shares plummeted 53.7% after announcing a deal to go private. BlackBerry is expected to report a quarterly loss of 3 cents per share.
April 03, 2024 | 5:56 am
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POSITIVE IMPACT
Cal-Maine Foods reported Q4 earnings of $3.00 per share, beating estimates. Shares surged 7% to $63.05 in after-hours.
The positive earnings surprise and subsequent share price surge indicate a strong short-term bullish impact.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Acuity Brands is expected to report quarterly earnings at $3.25 per share. Shares fell 1.3% to $261.83 on Tuesday.
The expected earnings report is a significant event, but the pre-report share price movement suggests a neutral market sentiment.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
BlackBerry is expected to report a quarterly loss of 3 cents per share. Shares slipped 0.01% to $2.7997 in after-hours.
The expected loss and minimal share price movement suggest a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 75
NEUTRAL IMPACT
Levi Strauss is expected to report earnings of 21 cents per share. Shares rose 0.3% to $18.80 in after-hours.
The anticipation of earnings report and slight share price increase suggest a neutral short-term impact.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
View, Inc. shares fell 53.7% to $0.5099 after announcing a deal to go private with Cantor Fitzgerald and RXR.
The sharp decline in share price following the announcement of going private indicates a strong negative impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100