Dell, Asana And 3 Stocks To Watch Heading Into Friday
Portfolio Pulse from Avi Kapoor
Key stocks to watch on Friday include Genesco, Dell, BRP, Asana, and Costco. Genesco is expected to report a quarterly loss, Dell reported strong earnings but saw a share price dip, BRP is expected to post earnings, Asana posted a narrower-than-expected loss, and Costco reported strong earnings but saw a share price dip.
May 31, 2024 | 5:47 am
News sentiment analysis
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NEGATIVE IMPACT
Costco reported stronger-than-expected earnings for Q3. Despite this, shares slipped 1.8% to $801.00 in after-hours trading.
Despite strong earnings, the after-hours share price decline suggests a negative short-term impact on Costco's stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
Dell reported strong earnings and sales for Q1, with revenue up 6% YoY to $22.24 billion and adjusted earnings of $1.27 per share. Despite this, shares dipped 17.8% to $139.76 in after-hours trading.
Despite strong earnings and sales, the significant after-hours share price dip indicates a negative short-term impact on Dell's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Genesco is expected to report a quarterly loss of $2.70 per share on revenue of $445.65 million. Shares fell 1.1% to $26.99 in after-hours trading.
The expected quarterly loss and the after-hours share price decline suggest a negative short-term impact on Genesco's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Asana posted a narrower-than-expected loss for Q1, with sales topping estimates. Shares surged 8.9% to $14.30 in after-hours trading.
The narrower-than-expected loss and strong sales results led to a significant after-hours share price increase, indicating a positive short-term impact on Asana's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
BRP is expected to post quarterly earnings of 66 cents per share on revenue of $1.46 billion. Shares gained 0.2% to $66.50 in after-hours trading.
The positive after-hours share price movement suggests a favorable short-term impact on BRP's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70