Pre-Market Buzz: Travelers, Alcoa, Netflix & More in Focus Today
As US stock futures point to a lower open on Thursday, several companies are poised to grab investor attention with their upcoming earnings reports. Here’s a rundown of the key players to watch:
Travelers Companies, Inc. (TRV):
Wall Street analysts anticipate Travelers to report quarterly earnings of $3.64 per share on revenue of $11.49 billion before the market opens. This comes after the company’s shares rose 0.9% to $242.95 in after-hours trading. Investors will be keen to see how Travelers navigated the evolving economic landscape and whether they can meet these expectations.
Alcoa Corporation (AA):
Alcoa Corporation has already delivered a positive surprise, exceeding analysts’ estimates for its third-quarter earnings. The company reported adjusted earnings of 57 cents per share, surpassing the projected 28 cents per share. This positive performance propelled Alcoa shares up 6% to $44.61 in after-hours trading. The company’s strong showing will likely be a focus for investors as they assess its future prospects.
Netflix Inc. (NFLX):
Streaming giant Netflix is set to release its quarterly earnings after the market closes. Analysts are predicting earnings of $5.12 per share on revenue of $9.77 billion. Netflix shares saw a slight dip of 0.1% to $701.61 in after-hours trading. Investors will be closely watching the company’s subscriber growth, engagement metrics, and any updates on its content strategy.
Steel Dynamics Inc. (STLD):
Steel Dynamics Inc. also made headlines with its strong third-quarter earnings report, released on Wednesday. The company shipped a robust 3.2 million tons of steel during the quarter and generated impressive cash flow from operations of $760 million. This positive news boosted Steel Dynamics shares by 1.9% to $132.26 in after-hours trading.
Marsh & McLennan Companies, Inc. (MMC):
Marsh & McLennan is anticipated to report quarterly earnings of $1.61 per share on revenue of $5.70 billion before the market opens. The company’s shares rose 0.5% to $228.99 in after-hours trading. Investors will be looking for insights into the company’s performance in the risk management and consulting services sector.
This flurry of earnings reports promises to shape the early trading session, and investors will be closely watching to see how these companies perform against expectations. Stay tuned for updates as the day unfolds.