Costco Wholesale Corp reported its fourth-quarter financial results, falling short of revenue expectations but exceeding earnings per share estimates. The company also saw strong comparable sales growth across all regions and a significant jump in e-commerce sales.
Scholastic Corporation (SCHL) reported better-than-expected first-quarter earnings, exceeding analyst estimates for both earnings per share and revenue. The company’s book fair business saw a significant 5% year-over-year increase in revenue, contributing to the overall positive performance.
Invesco Mortgage Capital (IVR) saw a positive trading session, closing at $9.01, outperforming the broader market. While the company is expected to report a decline in earnings, analysts will be closely watching its performance, especially with recent estimate revisions impacting stock price movements.
Emcor Group (EME) stock closed slightly lower than the previous day, but remains on an upward trajectory. The company’s strong earnings forecast and positive analyst revisions suggest a bright future for the construction and maintenance company. With a Zacks Rank of #1 (Strong Buy), Emcor Group appears well-positioned for growth and investors should take notice.
Cracker Barrel, despite facing COVID-related disruptions, labor shortages, and inflation, shows signs of recovery. Although Q4 results were lackluster, analysts expect improvement in the coming year. With a strong balance sheet and a focus on turnaround efforts, Cracker Barrel presents a potential investment opportunity, especially with the stock trading at a low price and a dividend to consider.
Tesla’s stock closed higher in recent trading, outperforming the broader market. While the company is set to report earnings soon, analysts predict a slight dip in earnings per share but an increase in revenue. The company’s valuation remains high compared to its industry, and its Zacks Rank suggests a hold rating.
Delta Air Lines (DAL) stock closed higher on Wednesday, outperforming the broader market. The company’s upcoming earnings release is a key event for investors, with analysts expecting a year-over-year decline in earnings. However, the stock is currently trading at a discount compared to its industry peers, and its Zacks Rank suggests a hold rating.
Altria Group, Inc. (MO) closed the latest trading session with a modest gain, outperforming the broader market. While the stock has seen a slight dip in the past month, analysts are focused on the upcoming earnings release, with expectations for strong growth. The company’s Zacks Rank of #2 (Buy) suggests potential for continued outperformance.
FedEx’s recent earnings report has sent shockwaves through the market, raising concerns about a potential recession. The company’s disappointing performance, with a decline in revenue and profits, reflects a shift in consumer spending habits and a weakening economy. This negative trend has also impacted other shipping giants like UPS and J.B. Hunt Transportation Services, highlighting the broader economic anxieties.
Allstate’s stock closed at $191.82, lagging the S&P 500’s daily gain. The company is expected to report strong earnings growth and revenue. Analysts have recently revised their estimates higher, suggesting optimism about Allstate’s future. Its Zacks Rank of #3 (Hold) and valuation metrics indicate a potentially attractive investment opportunity.
