Earnings Reports: HEI Expected Growth, APDN Challenges Ahead

A report highlights upcoming earnings with Heico Corp. expecting a notable EPS increase and Applied DNA Sciences showing significant year-over-year improvement despite an anticipated loss. These developments could impact their stock prices significantly.

Date: 22-12-2024

AI Rating: 6

The report provides insights into the anticipated earnings reports for two companies, Heico Corporation and Applied DNA Sciences, Inc., which could influence their stock prices due to expected earnings performance.

Heico Corporation (HEI)

Heico is projected to report an earnings per share (EPS) of $0.97 for the quarter ending October 31, 2024. This forecast indicates a 15.48% increase compared to the previous year's same quarter. Remarkably, Heico has beaten analyst expectations consistently over the past year, including a notable 6.59% beat in the 3rd calendar quarter. The company's expected EPS growth could generate positive sentiment among investors, potentially driving its stock price higher.

Moreover, the report mentions that Heico's 2024 Price to Earnings (P/E) ratio is 72.20, which is significantly higher than the industry average of 41.50. This suggests that investors anticipate continued earnings growth for Heico outpacing its industry competitors, which could further enhance investor confidence and positively affect stock performance.

Applied DNA Sciences (APDN)

On the other hand, Applied DNA Sciences has a forecasted EPS of -$0.33, although this reflects a substantial 93.65% increase compared to the same quarter last year. However, this company previously missed its EPS target by a considerable 15.43% in the 1st calendar quarter of 2024. The negative EPS projection could create negative reactions among investors, affecting its stock price adversely.

Additionally, the P/E ratio for Applied DNA is reported at -0.10 against its industry's 4.70, indicating struggles relative to peers, which may also dampen investor sentiment. Overall, the mixed earnings outlook could lead to volatility surrounding APDN's stock performance.

Stocks: HEI APDN