Upcoming Earnings Reports May Impact Stock Prices

Earnings forecasts for various companies have been released, indicating mixed results for upcoming reports. Notable decreases in EPS forecasts for several firms could lead to volatility in stock prices as investors react to this information.

Date: 23-11-2024

AI Rating: 5

The report highlights several companies expected to report earnings, providing critical insights into earnings per share (EPS), with some showing significant decreases compared to the previous year, while others indicate increases. Investors will likely watch closely as these reports may influence stock prices post-release.

Keysight Technologies Inc. (KEYS): The consensus EPS forecast is $1.41, indicating a 23.78% decrease year-over-year. This decline in EPS could negatively affect investor sentiment, reflected in a potential price drop. Rating: 4.

XP Inc. (XP): The consensus EPS forecast shows a 10.00% decrease. Despite this, its Price to Earnings (P/E) ratio of 11.87 is higher than the industry average of 7.40, suggesting competitive growth potential. Rating: 5.

The AZEK Company Inc. (AZEK): Projected EPS is $0.23, a 34.29% decrease, which is strongly negative and may lead to bearish sentiment. Rating: 4.

Qifu Technology, Inc (QFIN): EPS forecast is $1.40, showing a 45.83% increase compared to last year. This is a strong positive development and may boost stock prices. Rating: 8.

Dolby Laboratories (DLB): The expected EPS is $0.44, reflecting a 12.82% increase from last year. This positive trend bodes well for price performance. Rating: 7.

Golub Capital BDC, Inc. (GBDC): The consensus EPS is $0.45, showing a 10.00% decrease. This may result in bearish sentiment among investors. Rating: 4.

Powell Industries, Inc. (POWL): Predicted EPS of $3.49 indicates a significant 78.97% uptick, showing strong growth prospects that could uplift stock valuation. Rating: 8.

StoneX Group Inc. (SNEX): The forecasted EPS is $2.05, with a 26.54% increase, painting a promising picture for potential investors. Rating: 7.

La-Z-Boy Incorporated (LZB): Expected EPS is $0.65, reflecting a 12.16% decrease, likely to negatively impact the stock. Rating: 4.

Star Bulk Carriers Corp. (SBLK): The consensus EPS forecast is $0.70, indicating a 105.88% increase, which could significantly enhance its stock market performance. Rating: 8.

ReNew Energy Global plc (RNW): The anticipated EPS is $0.14, a 27.27% increase, indicating potential for positive growth. Rating: 7.

Varex Imaging Corporation (VREX): Expect EPS of $0.09, a significant 80.00% decrease. This sharp decline may result in a negative outlook for the company. Rating: 4.

Stocks: KEYS XP AZEK QFIN DLB GBDC POWL SNEX LZB SBLK RNW VREX