Eli Lilly, US Foods And 3 Stocks To Watch Heading Into Thursday
Portfolio Pulse from Avi Kapoor
Eli Lilly, US Foods, Blue Bird, Outset Medical, and Parker-Hannifin are stocks to watch today. Eli Lilly and US Foods are expected to report earnings, Blue Bird reported strong Q3 results and a new CEO, Outset Medical reported poor Q2 results and cut FY24 guidance, and Parker-Hannifin is also expected to report earnings.
August 08, 2024 | 6:26 am
News sentiment analysis
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NEGATIVE IMPACT
Outset Medical reported worse-than-expected Q2 results and cut its FY24 revenue guidance. Shares dipped 39.7% to $2.05 in after-hours trading.
Poor earnings and reduced guidance are strong negative signals, leading to a significant drop in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Eli Lilly is expected to report quarterly earnings of $2.70 per share on revenue of $9.95 billion. Shares fell 0.9% to $765.32 in after-hours trading.
Earnings reports can significantly impact stock prices. The slight drop in after-hours trading suggests mixed investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Parker-Hannifin is expected to post quarterly earnings of $6.22 per share on revenue of $5.08 billion. Shares fell 1.1% to $512.50 on Wednesday.
Earnings reports can impact stock prices. The slight drop in share price suggests mixed investor sentiment.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
US Foods is expected to post quarterly earnings of 93 cents per share on revenue of $9.64 billion. Shares gained 0.2% to $51.20 in after-hours trading.
Earnings reports can impact stock prices. The slight increase in after-hours trading suggests cautious optimism.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Blue Bird reported better-than-expected Q3 results and announced a new CEO. Shares gained 5.3% to $51.00 in after-hours trading.
Positive earnings and leadership changes are typically viewed favorably by investors, leading to a rise in stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100