Market Focus: Stocks of Interest Including Owens Corning
Stocks to Monitor Before Market Opening
As the U.S. stock futures display a mix of trends this morning, several companies are expected to capture the attention of investors. Among them, Owens Corning, Domino's Pizza, and Hawaiian Electric Industries are at the forefront as they prepare for their quarterly earnings reports.
Owens Corning's Earnings Expectations
Owens Corning (NYSE: OC) is anticipating a significant announcement regarding its quarterly earnings, projecting a report of $2.90 per share on a total revenue of $2.77 billion. Following the announcement of these projections, shares in Owens Corning have slightly increased by 0.01%, reaching $165.47 during after-hours trading. The upcoming report is likely to be crucial for gauging the company’s performance in the current market landscape.
Domino's Pizza Financial Insights
Domino's Pizza Inc. (NASDAQ: DPZ) is also on the radar as analysts expect the company to announce quarterly earnings of $4.91 per share, along with expected revenues of $1.48 billion. Predictions indicate that the announcement will come before markets open later today. It's notable that shares of Domino's experienced a decline of 2%, closing at $462.37 on the previous trading day. This earnings report will be essential for investors looking to understand the trajectory of Domino's performance as they navigate current market conditions.
Hawaiian Electric Industries Update
In an unfortunate turn of events, Hawaiian Electric Industries Inc. (NYSE: HE) reported a loss of 40 cents per share for its recent fourth quarter, a decrease from earnings of 44 cents per share in the same period last year. Additionally, the company's sales dropped to $799.18 million from $853.42 million, reflecting a concerning trend. After-hours trading saw Hawaiian Electric shares dip 2.7%, landing at $10.47. Investors will be keen to analyze the implications of these figures on Hawaiian Electric's future strategies.
ONEOK Inc. Earnings Outlook
Later in the day, after the market closes, ONEOK Inc. (NYSE: OKE) is anticipated to disclose its own quarterly earnings, projecting earnings of $1.51 per share on revenues estimated at $6.73 billion. Following a modest decline of 0.1%, shares of ONEOK are holding at $97.97 in after-hours trading. This announcement could provide significant insights into the performance of ONEOK against peers in the energy sector.
Westlake Corp. Earnings Predictions
Westlake Corp. (NYSE: WLK) is another company expected to capture attention ahead of the opening bell. Analysts forecast a quarterly earnings announcement of $1.09 per share with expected revenues around $2.94 billion. On the previous trading day, shares fell by 1.5%, closing at $109.71. This earnings report will be pivotal for understanding Westlake's position in the market and how it aligns with investor expectations.
Understanding Market Dynamics
The earnings announcements from these corporations not only provide insights into their individual performances but also offer a glimpse into broader market trends. Investors are often keen to evaluate how companies adapt to economic conditions and consumer demands. As companies like Owens Corning and Domino's Pizza prepare to report their financial outcomes, their responses to recent market shifts will be under scrutiny. The results could potentially influence investor confidence and market movements throughout the week.
Frequently Asked Questions
What are the expected earnings for Owens Corning?
Owens Corning is projected to report earnings of $2.90 per share on revenue of $2.77 billion.
When is Domino's earnings report due?
Domino’s Pizza is expected to release its earnings report before the markets open.
How did Hawaiian Electric perform in the recent quarter?
Hawaiian Electric reported a loss of 40 cents per share, down from earnings of 44 cents per share last year.
What revenue is ONEOK expected to report?
ONEOK is expected to report earnings of $1.51 per share with projected revenues of $6.73 billion.
Why is Westlake Corp.'s earnings report significant?
The earnings report from Westlake will be crucial for understanding its market position and profitability compared to expectations.
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