As U.S. stock futures point towards a lower open on Tuesday morning, investors will be keeping a close eye on several companies releasing their quarterly earnings reports. Here’s a rundown of some of the key stocks to watch:
Acuity Brands, Inc. (AYI)
: Wall Street analysts anticipate Acuity Brands to report earnings of $4.28 per share on revenue of $1.02 billion before the opening bell. The company’s shares gained 1.7% to $279.94 in after-hours trading, suggesting positive sentiment leading up to the earnings release.ReposiTrak, Inc. (TRAK)
: ReposiTrak delivered better-than-expected financial results for the fourth quarter and boosted its quarterly dividend by 10%. This positive news pushed the company’s shares up by 4.6% to $19.32 in after-hours trading, reflecting investor confidence.McCormick & Company, Incorporated (MKC)
: Analysts are projecting McCormick to post earnings of 67 cents per share on revenue of $1.67 million for the latest quarter. The company is scheduled to release its earnings before the market opens. McCormick shares rose by 0.4% to $82.60 in after-hours trading, signaling a positive outlook for the company’s performance.Biohaven Ltd. (BHVN)
: Biohaven announced a proposed $250 million public offering of common shares. This news resulted in a 1.9% dip to $49.00 in the company’s share price during after-hours trading.NIKE, Inc. (NKE)
: Analysts expect Nike to report quarterly earnings of 52 cents per share on revenue of $11.65 million after the closing bell. Nike shares experienced a slight decrease of 0.1% to $88.31 in after-hours trading.These earnings reports are likely to influence stock prices throughout the day. Investors will be looking for insights into each company’s financial health, growth prospects, and future strategies. Stay tuned for updates as the earnings season unfolds.
