Stocks To Watch On Thursday: Adobe, Broadcom, Signet Jewelers And More
Portfolio Pulse from Avi Kapoor
Key stocks to watch on Thursday include Signet Jewelers, Broadcom, Adobe, Dave & Buster's, and Korn Ferry. Signet Jewelers is expected to report earnings, Broadcom posted strong results and announced a stock split, Adobe is set to release earnings, Dave & Buster's missed earnings estimates, and Korn Ferry is expected to report earnings.
June 13, 2024 | 7:21 am
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NEGATIVE IMPACT
Dave & Buster’s reported quarterly earnings of $1.12 per share, missing the consensus estimate of $1.70 per share. Shares fell 10.7% to $44.99 in after-hours trading.
Missing earnings estimates significantly and a sharp drop in after-hours trading indicate a likely short-term price decrease.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Adobe is expected to report quarterly earnings of $4.39 per share on revenue of $5.29 billion. Shares gained 0.5% to $462.00 in after-hours trading.
Positive earnings expectations and a slight rise in after-hours trading suggest a likely short-term price increase.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Broadcom posted stronger-than-expected Q2 results, declared a $5.25 per share dividend, and announced a 10-for-1 stock split. Shares jumped 14.6% to $1,714.19 in after-hours trading.
Strong earnings, a significant dividend, and a stock split announcement are highly positive indicators for short-term price movement.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Korn Ferry is expected to report quarterly earnings of $1.12 per share on revenue of $689.92 million. Shares gained 4% to $65.94 in after-hours trading.
Positive earnings expectations and a rise in after-hours trading suggest a likely short-term price increase.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Signet Jewelers is expected to report quarterly earnings of $0.85 per share on revenue of $1.51 billion. Shares rose 1.1% to $109.57 in after-hours trading.
Positive earnings expectations and a rise in after-hours trading suggest a likely short-term price increase.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80