Intuit, Ross Stores And 3 Stocks To Watch Heading Into Friday
Portfolio Pulse from Avi Kapoor
Intuit, Ross Stores, 51Talk Online Education, Workday, and Red Robin Gourmet Burgers are stocks to watch as they report earnings and provide guidance. Intuit and Ross Stores reported strong earnings, while Red Robin missed expectations.
August 23, 2024 | 6:20 am
News sentiment analysis
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POSITIVE IMPACT
51Talk Online Education is expected to report Q2 earnings. Shares rose 9.7% ahead of the announcement.
The anticipation of 51Talk's earnings report has driven the stock price up, indicating positive market sentiment. The actual impact will depend on the earnings results.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Intuit reported strong Q4 results and issued positive FY25 EPS guidance, along with a $3 billion share repurchase authorization. Despite this, shares slipped 0.8% in after-hours trading.
Intuit's strong earnings and positive guidance are generally positive indicators for the stock. The share repurchase program is also a positive signal, suggesting management's confidence in the company's future. The slight dip in after-hours trading may be a short-term reaction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Ross Stores posted better-than-expected Q2 earnings and provided Q3 and Q4 guidance that aligns with or exceeds estimates. Shares rose 5.6% in after-hours trading.
Ross Stores' strong earnings and positive guidance for upcoming quarters are likely to boost investor confidence, as reflected in the 5.6% after-hours share price increase.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Workday reported strong Q2 earnings and expects significant growth in Q3 subscription revenue. Shares surged 10.8% in after-hours trading.
Workday's strong earnings and optimistic revenue guidance have positively impacted investor sentiment, leading to a significant after-hours share price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 85
NEGATIVE IMPACT
Red Robin reported disappointing Q2 earnings and lowered FY24 revenue guidance, resulting in a 14% drop in after-hours trading.
Red Robin's earnings miss and reduced revenue guidance have negatively impacted investor sentiment, leading to a significant drop in share price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85