Earnings Reports Expected for Major Companies Soon

Upcoming earnings announcements for Darden Restaurants, FactSet, Endava, and Cracker Barrel reveal mixed outcomes. Market analysts project both increases and significant decreases in earnings per share, highlighting the potential for stock price volatility.

Date: 20-09-2024

AI Rating: 5

Earnings Per Share (EPS)

Darden Restaurants, Inc. (DRI): The consensus EPS forecast is $1.81, indicating a 1.69% year-over-year increase. However, DRI missed its EPS consensus in the previous quarter by -0.38%, which may negatively affect investor sentiment.
FactSet Research Systems Inc. (FDS): The consensus EPS forecast is $3.60, showing a robust 22.87% increase compared to the same quarter last year. Despite having missed EPS forecasts in the previous quarter by -16.05%, the substantial expected year-over-year growth could be positively received in the market.
Endava plc (DAVA): The EPS forecast is $0.09, reflecting a drastic 82.00% decrease from the same quarter last year. This sharp decline may lead to strong negative reactions from investors, impacting stock prices adversely.
Cracker Barrel Old Country Store, Inc. (CBRL): The EPS forecast is $1.17, representing a 34.64% decrease year-over-year. The company also missed its consensus EPS in the last quarter by -34.62%, suggesting continued challenges that could depress stock performance.

Summary

Given the mixed results from these upcoming earnings reports, DRI and FDS show potential for positive movement based on EPS increases, while DAVA and CBRL highlight significant declines that could result in negative price actions. Investors should closely monitor these forecasts and previous misses as they prepare for market reactions.

Stocks: DRI FDS DAVA CBRL