Upcoming Earnings Reports Indicate Mixed Outlook for Companies

Investors should prepare for mixed earnings results as companies like Delta Air Lines and Domino's Pizza are set to report significant declines in EPS compared to the previous year. Meanwhile, Tilray Brands shows promising growth amidst challenges.

Date: 13-10-2024

AI Rating: 4

The report highlights various companies expected to report earnings, focusing on their consensus earnings per share (EPS) forecasts and comparing them with historical performance. Key insights include:

Delta Air Lines, Inc. (DAL) is projected to report an EPS of $1.54, which is a 24.14% decline year-over-year. This signals a downward trend in earnings, which could negatively affect stock prices, especially given that the previous quarter saw them miss EPS estimates.
Domino's Pizza Inc. (DPZ) has a forecasted EPS of $3.70, indicating an 11.48% decrease compared to last year. Although DPZ has managed to beat expectations consistently, this decline may lead to investor caution, potentially impacting stock performance.
Neogen Corporation (NEOG) expects an EPS of $0.10, down 9.09% year-over-year. Despite this decline, the report suggests that NEOG has better growth potential than its sector, highlighted by a considerably higher P/E ratio compared to its industry.
Tilray Brands, Inc. (TLRY) is forecasted to report an EPS of -$0.05, but this marks a 50% increase in comparison to the same quarter last year. While still in the negative, this turnaround could positively influence investor sentiment.
Richardson Electronics, Ltd. (RELL) anticipates an EPS of -$0.01, a drastic decrease of 111.11% year-over-year. They missed prior EPS estimates significantly, which indicates serious challenges and may lead to a decline in stock prices.

Stocks: DAL DPZ NEOG TLRY RELL