Ross Stores, Booz Allen Hamilton And 3 Stocks To Watch Heading Into Friday
Portfolio Pulse from Avi Kapoor
Key stocks to watch today include Booz Allen Hamilton, Ross Stores, The Buckle, Intuit, and Workday. Booz Allen Hamilton is expected to report strong earnings, Ross Stores exceeded earnings expectations and raised its profit forecast, The Buckle is anticipated to post solid earnings, Intuit posted strong earnings but issued weak guidance, and Workday reported good earnings but lowered its forward guidance.
May 24, 2024 | 11:30 am
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POSITIVE IMPACT
Booz Allen Hamilton is expected to report quarterly earnings of $1.23 per share on revenue of $2.72 billion. Shares gained 1.7% in after-hours trading.
Positive earnings expectations and after-hours price increase suggest a likely short-term price rise.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ross Stores reported better-than-expected earnings for its first quarter and increased its profit forecast for the year. Shares jumped 7.7% in after-hours trading.
Strong earnings report and raised profit forecast are likely to drive short-term price increase.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
The Buckle is expected to post quarterly earnings of 74 cents per share on revenue of $263.64 million. Shares fell 1.3% in after-hours trading.
Despite positive earnings expectations, the after-hours price drop suggests a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Intuit posted better-than-expected earnings for its third quarter and boosted its full-year outlook but issued weak earnings guidance for the current quarter. Shares fell 6.3% in after-hours trading.
Despite strong earnings, weak guidance for the current quarter is likely to drive short-term price decline.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
Workday posted upbeat earnings for its first quarter but lowered its forward guidance. Shares dipped 11.2% in after-hours trading.
Lowered forward guidance despite strong earnings is likely to drive short-term price decline.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90