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Earnings Season Picks Up Pace As Key Companies Prepare to Report Results

Earnings Season Picks Up Pace as Key Companies Prepare to Report Results

Earnings season is in full swing, with several major companies set to report their financial results on Tuesday. Leading the charge are healthcare giant Medtronic (NYSE: MDT), construction materials supplier Vulcan Materials (NYSE: VMC), and automotive parts distributor Genuine Parts (NYSE: GPC), among others.

Earnings Before the Open

  • Medtronic (NYSE: MDT) is expected to report earnings per share (EPS) of $1.36, with revenue estimated at $8.33 billion.
  • Vulcan Materials (NYSE: VMC), a leader in construction materials, has an EPS estimate of $1.78 and revenue of $1.81 billion.
  • Genuine Parts Co (NYSE: GPC), known for its automotive parts distribution, is predicted to post EPS of $1.64 and revenue of $5.73 billion.
  • Fluor Corp (NYSE: FLR) is set to report EPS of $0.7763, with anticipated revenue of $4.48 billion.
  • Expeditors International (NYSE: EXPD) is forecast to deliver EPS of $1.41 and revenue of $2.78 billion.
  • Watsco Inc (NYSE: WSO), a distributor of HVAC and refrigeration products, is expected to report EPS of $2.18 and revenue of $1.66 billion.

Other notable companies reporting before the market open include Allegion Public (NYSE: ALLE), Tri Pointe Homes (NYSE: TPH), and Chemours Co (NYSE: CC), with estimates ranging from EPS of $0.12 to $3.63 and varying revenue expectations.

Additionally, companies such as Valmont Industries Inc (NYSE: VMI), Visteon (NASDAQ: VC), James Hardie Industries SE (NYSE: JHX), Intercontinental Hotels Group PLC (NYSE: IHG), Franklin Electric (NASDAQ: FELE), Axsome Therapeutics Inc (NASDAQ: AXSM), Blackbaud (NASDAQ: BLKB), Sapiens International (NASDAQ: SPNS), NeoGenomics Inc (NASDAQ: NEO), Donnelley Financial Solutions Inc (NYSE: DFIN), Great Lakes Dredg (NASDAQ: GLDD), Sohu Com Inc (NASDAQ: SOHU), and Waystar Holding (NASDAQ: WAY) will also release their earnings before the market opens on Tuesday.

Earnings After the Close

The earnings reports will continue after the market close, with several major firms set to release their financial results:

  • Arista Networks (NYSE: ANET), the cloud networking giant, is expected to report EPS of $2.26 and revenue of $1.9 billion.
  • Cadence Design Systems (NASDAQ: CDNS) has an EPS estimate of $1.82, with revenue projected at $1.35 billion.
  • Devon Energy (NYSE: DVN), a leading oil and natural gas producer, is expected to post EPS of $0.98 and revenue of $4.17 billion.
  • Occidental Petroleum (NYSE: OXY) is forecast to report EPS of $0.73 and revenue of $6.98 billion.
  • CoStar Group (NASDAQ: CSGP) is expected to report EPS of $0.22 and revenue of $698.89 million.
  • Other key reports after the close include Celanese (NYSE: CE), EQT Corporation (NYSE: EQT), Flowserve Corp (NYSE: FLS), Matador Resources Co (NYSE: MTDR), Toll Brothers (NYSE: TOL), Penumbra Inc (NYSE: PEN), Shift4 Payments Inc (NYSE: FOUR), Halozyme Therapeutics (NASDAQ: HALO), Sonoco Products Comp (NYSE: SON), Ternium S.A. (NYSE: TX), Bumble (NASDAQ: BMBL), Compass (NYSE: COMP), La-Z-Boy Inc (NYSE: LZB), and The Andersons (NASDAQ: ANDE).

As companies from various sectors report their financial performance, investors will closely watch these results for signs of growth and stability in the face of economic shifts.