Earnings Reports Preview: Key Insights for Investors

Major companies are set to report earnings on 09/06/2024, showing varied expectations. ABM and Brady project growth, while BRP, Genesco, and Big Lots face declines. These results could notably impact stock prices and investor sentiment.

Date: 07-09-2024

AI Rating: 4

The upcoming earnings reports scheduled for September 6, 2024, reveal critical insights into the performance of several companies in the S&P 500. Understanding these earnings can help investors gauge potential volatility or growth in stock prices.

ABM Industries Incorporated (ABM)

The forecast for ABM shows a consensus Earnings Per Share (EPS) of $0.85, indicating a 7.59% increase compared to the previous year. However, the company missed expectations by -10.23% in the third quarter of 2023, which could raise concerns about its ability to meet future expectations. The Price to Earnings (P/E) ratio of 16.18 is significantly lower than the industry average of 31.10, suggesting a potential undervaluation but also potential issues the company may face in growing revenues.

Brady Corporation (BRC)

BRC's EPS consensus is set at $1.11, a 6.73% increase compared to last year. Impressively, BRC has consistently beat expectations, including a notable 6.86% beat in the second quarter of 2024. A P/E ratio of 17.72, compared to an industry ratio of 13.70, suggests a stronger expected growth trajectory relative to competitors. This positive outlook may bolster investor sentiment.

BRP Inc. (DOOO)

DOOO faces a significant challenge with an EPS forecast of only $0.22, which represents a dramatic 90.87% decrease year-over-year. The company also missed EPS projections by -6.22% in the first quarter of 2024. Despite having a favorable P/E ratio of 15.91 compared to its industry, the substantial drop in EPS could lead to negative market reactions and reduced investor confidence.

Genesco Inc. (GCO)

GCO projects an EPS of $-1.12, reflecting a decrease of 31.76% from last year. The high P/E ratio of 36.94 suggests growth expectations that may not align with the company's markedly negative forecast. Such a sharp decline could further dampen investor interest and affect stock performance.

Big Lots, Inc. (BIG)

BIG's anticipated EPS is $-3.69, down 13.89% year-over-year. With recent negative earnings surprises, the company is in a precarious position, especially given a P/E ratio of -0.04 compared to an industry average of 23.60. Such indicators could signal to investors a declining business model and heightened risks.

Stocks: ABM BRC DOOO GCO BIG