Levi Strauss, Conagra Brands And 3 Stocks To Watch Heading Into Thursday
Portfolio Pulse from Avi Kapoor
Levi Strauss & Co. and Simulations Plus, Inc. reported better-than-expected earnings, with Levi Strauss boosting its 2024 guidance and Simulations Plus projecting FY24 earnings. Conagra Brands, RPM International, and Lamb Weston Holdings are expected to report earnings, with analysts predicting specific earnings per share and revenue figures. Shares of these companies saw movements in after-hours trading, with Levi Strauss and Simulations Plus experiencing significant jumps.
April 04, 2024 | 5:53 am
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NEGATIVE IMPACT
RPM International is anticipated to report earnings of 46 cents per share on revenue of $1.52 billion, with shares dipping 0.4% in after-hours trading.
A slight decrease in after-hours trading could indicate investor caution or disappointment ahead of the earnings announcement.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
NEUTRAL IMPACT
Conagra Brands is expected to report quarterly earnings at 65 cents per share on revenue of $3.01 billion, with shares gaining 1.2% in after-hours trading.
The slight after-hours gain suggests a neutral to cautiously optimistic market reaction ahead of the earnings report.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
NEUTRAL IMPACT
Lamb Weston Holdings is expected to post quarterly earnings at $1.45 per share on revenue of $1.65 billion, with shares up 1.4% in after-hours trading.
The modest after-hours gain indicates a neutral to slightly positive market anticipation of the earnings report.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Levi Strauss reported better-than-expected Q1 earnings and raised its 2024 earnings guidance, leading to an 8.3% surge in after-hours trading.
Positive earnings reports and raised future earnings guidance typically lead to increased investor confidence and stock price appreciation.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Simulations Plus reported better-than-expected Q2 results and provided strong FY24 earnings and revenue guidance, causing an 8.7% jump in after-hours trading.
Outperforming quarterly expectations and providing optimistic future guidance can significantly boost stock performance.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90