The stock market is buzzing with anticipation as several companies prepare to release their quarterly earnings reports this week. With U.S. stock futures trading lower this morning, investors will be particularly attentive to the following companies:
Cintas Corporation (CTAS)
is expected to report earnings of 95 cents per share on revenue of $2.5 billion before the opening bell. Analysts are eager to see if the company can meet these expectations, especially after Cintas shares rose 0.5% to $205.93 in after-hours trading.Progress Software Corporation (PRGS)
has already delivered positive news, reporting better-than-expected third-quarter financial results and raising its full-year outlook. The company’s adjusted revenue is now projected to be between $745 million and $755 million, up from a previous forecast of $725 million to $735 million. Progress Software also raised its full-year earnings outlook to a range of $4.75 to $4.85 per share. The company’s stock price reflected this positive news, gaining 5.2% to $60.11 in after-hours trading.Micron Technology, Inc. (MU)
is another company poised to report its earnings after the closing bell. Analysts expect the company to post earnings of $1.13 per share on revenue of $7.64 million. Micron shares also saw a positive response in after-hours trading, gaining 0.8% to $94.77.Not all companies are expected to deliver positive news.
Worthington Enterprises, Inc. (WOR)
reported weaker-than-expected financial results for the first quarter, causing its shares to fall 4% to $43.47 in after-hours trading.Finally,
Jefferies Financial Group Inc. (JEF)
will release its earnings after the closing bell. Analysts anticipate the company to post earnings of 78 cents per share on revenue of $1.71 billion. Jefferies Financial shares gained 0.7% to $62.90 in after-hours trading.These companies’ financial results will be closely watched by investors, as they could impact the direction of the stock market. Keep an eye out for these companies’ earnings reports and how their stock prices react in the coming days.
