The stock market is anticipating several key earnings reports today, potentially influencing the trajectory of these companies’ share prices. Here’s a look at some of the companies likely to garner investor attention:
BJ’s Wholesale Club Holdings, Inc. (BJ)
is expected to report quarterly earnings of $1.00 per share on revenue of $5.15 billion before the opening bell. The company’s shares saw a 1.8% increase to $89.15 in after-hours trading, suggesting optimism surrounding the upcoming earnings announcement.
Wolfspeed, Inc. (WOLF)
experienced mixed results in its fourth-quarter financial report. While the company missed analyst estimates for both quarterly losses and revenue, its shares climbed 5.9% to $14.31 in after-hours trading, possibly indicating investors are focusing on the long-term potential of the company despite the current quarter’s performance. Wolfspeed reported quarterly losses of 89 cents per share (versus an estimated loss of 84 cents per share) and revenue of $200.7 million (below the projected $206.6 million). Fiscal-year losses of $2.59 per share and full-year revenue of $807.2 million also missed analyst expectations.
Williams-Sonoma, Inc. (WSM)
is anticipated to release earnings before the market opens, with analysts predicting a quarterly profit of $1.59 per share on revenue of $1.81 billion. The company’s shares gained 1.5% to $145.95 in after-hours trading, potentially signifying confidence in its upcoming earnings report.
Zoom Video Communications, Inc. (ZM)
reported better-than-expected second-quarter financial results. The company’s optimistic outlook for the third quarter, with projected earnings per share of $1.29 to $1.31 (compared to the estimated $1.24) and revenue ranging from $1.16 billion to $1.165 billion (above the $1.16 billion estimate), resulted in a 2.8% surge in Zoom Video shares to $61.92 in after-hours trading.
Intuit Inc. (INTU)
is expected to announce quarterly earnings of $1.84 per share on revenue of $3.08 billion after the closing bell. Intuit shares experienced a slight increase of 0.6% to $674.40 in after-hours trading, suggesting a cautiously optimistic sentiment towards the company’s upcoming earnings release.
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