Lowe's, Palo Alto Networks And 3 Stocks To Watch Heading Into Tuesday
Portfolio Pulse from Avi Kapoor
Key stocks to watch today include Lowe's, Palo Alto Networks, Macy's, Zoom Video Communications, and Toll Brothers. Lowe's and Macy's are set to report earnings before the market opens, while Toll Brothers will report after the closing bell. Palo Alto Networks and Zoom Video Communications have already reported their earnings, with Palo Alto Networks posting better-than-expected results but seeing a share price dip, and Zoom Video Communications reporting strong earnings but providing a cautious revenue outlook.
May 21, 2024 | 6:34 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Lowe's is expected to report quarterly earnings of $2.93 per share on revenue of $21.10 billion. Shares fell 0.2% in after-hours trading.
Lowe's earnings report is highly anticipated, but the slight drop in after-hours trading suggests mixed investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Macy's is expected to report quarterly earnings of 14 cents per share on revenue of $4.85 billion. Shares rose 0.1% in after-hours trading.
Macy's earnings report is awaited, but the minimal movement in after-hours trading suggests limited immediate impact.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Toll Brothers is expected to report quarterly earnings of $4.14 per share on revenue of $2.53 billion after the closing bell. Shares rose 0.01% in after-hours trading.
Toll Brothers' earnings report is anticipated, but the negligible change in after-hours trading suggests limited immediate impact.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Palo Alto Networks posted better-than-expected Q3 earnings but shares dipped 8.6% in after-hours trading. Q4 guidance provided.
Despite strong earnings, the significant drop in share price indicates investor concerns, possibly about future growth or market conditions.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Zoom Video Communications reported strong Q1 earnings but provided a cautious Q2 revenue outlook. Shares slipped 1.2% in after-hours trading.
Despite strong earnings, the cautious revenue outlook for Q2 has led to a decline in share price, indicating investor concerns about future growth.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100