Key Stocks to Monitor This Week: ABM and Broadcom Insights
Introduction to Market Movements
As Friday unfolds, U.S. stock futures are showing a mix of volatility, presenting a unique opportunity for investors. Here’s a look at several key stocks to keep an eye on as trading progresses.
ABM Industries Earnings Expectations
Analysts anticipate that ABM Industries Incorporated (NYSE: ABM) will release its quarterly earnings, predicting a profit of 86 cents per share alongside a revenue forecast of $2.04 billion before the market opens. In after-hours trading, ABM shares have risen by 3.4%, reaching $58.00, indicating positive investor sentiment leading up to the announcement.
Broadcom's Recent Performance
Broadcom Inc (NASDAQ: AVGO) had an impactful earnings report following Thursday's market closure, showcasing results that exceeded expectations for the third quarter. The company projects its fourth-quarter revenue to approach $14 billion. However, Broadcom shares have seen a decline of 6.7%, settling at $142.53 after-hours. Investors are keen to see how the market reacts to these financial results amidst its ongoing strength in AI solutions.
Big Lots Anticipation
Market analysts are also eagerly waiting for Big Lots, Inc. (NYSE: BIG) to share its quarterly results. Estimates suggest the company will report earnings of $3.46 per share against a revenue projection of $1.04 billion before opening. Following these projections, shares of Big Lots surged 23%, reaching $0.5602 in after-hours trading, highlighting confidence in the company's upcoming performance.
Additional Stock Updates
Investors should also consider Smith & Wesson Brands (NASDAQ: SWBI), which faced disappointing first-quarter results. Revenues were reported at $88.334 million, trailing analyst expectations of $102.525 million, leading to a 7.3% dip in shares to $13.15 during after-hours trading.
Brady Corporation Forecast
Additionally, expectations are set high for Brady Corporation (NYSE: BRC), with forecasts predicting quarterly earnings of $1.20 per share on revenue of $12.96 billion. Following this foresight, Brady shares increased by 4.2% reaching $74.83 after hours.
As these major companies prepare to release their earnings, investors are closely monitoring the overall market trends and how these developments will influence stock performance. Keeping abreast of such movements can be crucial to making informed investing decisions.
Frequently Asked Questions
What stocks are recommended to watch this week?
Investors should keep an eye on ABM Industries, Broadcom, and Big Lots for significant earnings releases and market movements.
What are the earnings expectations for ABM Industries?
ABM is expected to report earnings of 86 cents per share on revenues of $2.04 billion.
How did Broadcom perform in its latest earnings report?
Broadcom exceeded expectations for its third-quarter results but saw a decline of 6.7% in after-hours trading.
What is Big Lots' projected earnings for the upcoming report?
Big Lots is anticipated to report earnings of $3.46 per share on revenues of $1.04 billion.
How did Smith & Wesson perform recently?
Smith & Wesson fell short of estimates with first-quarter revenues of $88.334 million, resulting in a share decline.
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