Earnings Forecasts: FedEx, Lennar, and More Set to Report

A report reveals upcoming earnings reports with varied expectations for FedEx, Lennar, MillerKnoll, and others. Analysts provide insights on forecasted EPS, indicating potential impacts on stock prices.

Date: 20-09-2024

AI Rating: 5

This report outlines the expected earnings reports for several companies, highlighting key metrics such as earnings per share (EPS) and comparisons to prior periods, which can significantly influence stock prices.

FedEx Corporation (FDX) is forecasted to report an EPS of $4.82, representing a 5.93% increase compared to the same quarter last year. However, it has missed EPS expectations in the previous quarter by -3.62%. This track record may raise concerns among investors regarding the consistency of its performance, potentially affecting stock sentiment negatively. The price-to-earnings (P/E) ratio of 14.38, lower than the industry average of 19.40, could suggest that FDX is undervalued compared to peers, but the missed target may overshadow this potential for some investors.

Lennar Corporation (LEN) has a consensus EPS forecast of $3.62, a 7.42% decrease from the same quarter last year. Despite consistently beating earnings expectations in prior quarters, this upcoming decrease could signal a shift in performance perceptions among investors, possibly leading to lower stock prices if the trend continues. Nevertheless, its P/E ratio of 13.31 is higher than the industry average of 12.00, indicating possible earnings growth outpacing competitors, which could provide some positive sentiment.

MillerKnoll, Inc. (MLKN) is projected to achieve an EPS of $0.42, reflecting a significant increase of 13.51% from last year. With a historical trend of exceeding expectations, this performance could enhance investor confidence, thus positively impacting stock prices. The P/E ratio of 12.53 against an industry average of -18.80 further suggests strong future growth prospects.

Research Solutions, Inc. (RSSS) expects an EPS of -$0.01, which is a notable 200.00% decrease from the previous year. Such adverse performance can deeply affect investor perception and confidence, likely resulting in a negative impact on stock prices. The very high P/E ratio of 265.00 in comparison to an industry ratio of 33.60 may raise questions regarding its profitability relative to competitors.

LightPath Technologies, Inc. (LPTH) anticipates an EPS of -$0.04, indicating a 100.00% decrease, which poses similar concerns as RSSS regarding future profitability and stock performance.

iPower Inc. (IPW) forecasts a slight EPS of $0.01, representing a remarkable increase of 110.00%. This stellar growth potential could be a positive catalyst for the stock if market sentiment aligns with its performance, even though the P/E ratio is unfavorable at -24.17.

Stocks: FDX LEN MLKN RSSS LPTH IPW