What’s hot and what’s not on the stock market today? Here are the notable expected earnings due today.
KB Home (KBH)
KB Home is expected to report a year-over-year decline in earnings when they report later today. Zacks estimate that the homebuilder is set to post quarterly earnings of around $0.39 per share in the report, registering a year-over-year decrease of 31.6%. Revenues are pegged to be $934.75 million, down a total of 15.1% from the same quarter last year. In terms of the consensus EPS estimate for the quarter, it remained largely unchanged over the last month which is an indicator of how the analysts have assessed their estimates. The stock currently carries a Zacks rating of #3.
BlackBerry Limited (BB)
The Canadian tech company is due to release its first-quarter fiscal 2020 financial results today. At the end of the last reported quarter, the company proudly revealed incredible increase of 175%. They are expected to announce similarly stellar results this quarter, following the securing of lucrative contracts from NATO. The deal will see BlackBerry provide tch that will allow the agency to encrypt its communications and secure data from the threat of data espionage.It is expected that BB will report very healthy revenue growth whilst reducing cash burn.The Zacks Consensus Estimate for total revenue stands at $249 million- an increase of $32 million from the last quarter. As for adjusted earnings per share, they are pegged at a penny for the quarter, a decrease of 3 cents that was reported 12 months ago.
General Mills (GIS)
General Mills Inc, the US-based foid company is also expected to report on their quarterly earnings today. Zacks have given a consensus EPS forecast for the quarter of $0.79, a reduction of $0.3 from the same time last year. The companies stock hit a yearly high on Friday, reaching $54.39, up 5.8% since the beginning of June. The stock is displaying solid growth and at the end of May, Goldman Sachs downgraded the stock to “sell” from “neutral”. This caused stock to plummet but recovery was swift and now has a lot of momentum on the market. Overall confidence in the stock is high despite other players in the industry not faring so well. Zacks is currently rating General Mills as Rank #2 “Buy”.