Key Stocks to Monitor Ahead of Market Open on Thursday
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Stocks to Keep an Eye On This Thursday
As the U.S. stock futures show a slight decline this Thursday morning, several companies are poised to capture the attention of investors. Here is a closer look at a few notable stocks that are making headlines.
Science Applications International Corporation Overview
Science Applications International Corporation (NYSE: SAIC) is anticipated to release its quarterly earnings before the market opens. Analysts expect the company to report earnings of $1.86 per share, with an expected revenue of $1.79 billion. Following the previous day's trading, SAIC's share price dropped by 0.2%, ending at $129.00 in after-hours trading.
Hewlett Packard Enterprise Highlights
Hewlett Packard Enterprise Co (NYSE: HPE) recently announced its third-quarter financial results, which exceeded analysts' expectations. The company reported earnings of 50 cents per share, surpassing the consensus estimate by approximately 6.38%. HPE's quarterly sales were reported at $7.71 billion, beating the estimated $7.66 billion. Despite the positive news, HPE shares dipped by 2%, closing at $18.40 in after-hours trading.
The Toro Company Earnings Forecast
Analysts are looking forward to earnings results from The Toro Company (NYSE: TTC) as well. The company is expected to report earnings of $1.22 per share on revenues around $1.26 billion. Toro's shares saw a minor uptick of 0.6%, reaching $91.50 in after-hours trading as investors remain optimistic ahead of the report.
Other Notable Market Movements
Verint Systems Inc (NASDAQ: VRNT) reported disappointing second-quarter results and simultaneously announced a new $200 million stock buyback program, which led to a significant decrease in their shares by 17.5%, bringing the price down to $24.65 during the after-hours session.
Broadcom Inc Earnings Anticipation
Another major player, Broadcom Inc (NASDAQ: AVGO), is expected to announce its quarterly earnings later in the day. Analysts predict earnings of $1.20 per share on a revenue forecast of $12.96 billion. The company's shares fell slightly by 0.1%, closing at $154.00 in after-hours trading.
Investor Sentiment Amid Market Trends
As earnings season unfolds, investor sentiment continues to fluctuate based on company performances. Positive surprises can boost stock prices, while disappointing results may lead to declines. Keeping an eye on the results from these significant companies could provide insights into market trends moving forward.
Frequently Asked Questions
What are the expected earnings for SAIC?
SAIC is expected to report quarterly earnings of $1.86 per share.
How did HPE perform in its latest quarter?
HPE reported better-than-expected earnings of 50 cents per share, exceeding analyst expectations.
What revenue is The Toro Company expected to post?
The Toro Company is forecasted to report revenues of approximately $1.26 billion.
What significant announcement did Verint Systems make?
Verint Systems announced a new $200 million stock buyback program after reporting lower-than-expected earnings.
How are Broadcom's earnings expected to turn out?
Broadcom is anticipated to report earnings of $1.20 per share on revenues of $12.96 billion.
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