Expected results from General Mills, Bed, Bath & Beyond, and Micron
today the ADP employment report, the Chicago PMI and the floating property sales index are due to be released.
We have summarized the following companies that will publish their quarterly results today, June 30th:
Bed Bath & Beyond Inc. (NASDAQ: BBBY – $ 29.91) runs a retail chain. Enerpac will announce its results for the first quarter of 2021 before the bell today.
Constellation Brands Inc. (NYSE: STZ – $ 230.98) produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. Constellation Brands will announce its first quarter 2021 results before the bell today.
General Mills Inc. (NYSE: GIS – $ 60.03) produces and markets branded foods worldwide. General Mills will announce fourth quarter 2021 results today before the bell.
Micron Technology Inc. (NASDAQ: MU – $ 82.93) develops, manufactures and sells memory and storage products worldwide. Micron will announce its results for the third quarter of 2021 after the market closes.
Shaw Communications Inc. (NYSE: SJR – $ 28.75) operates as a connectivity company in North America. Shaw will announce its results for the third quarter of 2021 after the market closes.
Now let’s take a quick look at how yesterday’s earnings announcement compares to expectations:
Enerpac Tool Group Corp. (NYSE: EPAC – $ 25.07) manufactures and sells a range of industrial products and solutions worldwide. Enerpac reported $ 0.28 EPS for the quarter, beating the consensus estimate of $ 0.18 by $ 0.10. The company had revenue of $ 143.10 million for the quarter, compared to analyst expectations of $ 137.44 million.
FactSet Research Systems Inc. (NYSE: FDS – $ 337.03) provides integrated financial intelligence and analytical applications to the investment and corporate communities in the Americas, EMEA, and Asia Pacific. FactSet reported $ 2.72 EPS for the quarter, missing the consensus estimate of $ 2.75 by $ 0.03. The company posted revenue of $ 399.60 million for the quarter, compared to analyst expectations of $ 397.72 million.
AeroVironment Inc. (NASDAQ: AVAV – $ 110.71) designs, develops, manufactures, supports and operates a portfolio of products and services for government agencies and companies. AeroVironment reported $ 1.04 EPS for the quarter, beating the consensus estimate of $ 0.81 by $ 0.23.
Looking ahead to tomorrow, Thursday will contain the usual data on initial claims and ongoing jobless claims, as well as the Markit PMI for manufacturing and the ISM index for manufacturing. All economic data presented here are preliminary and subject to change.
This is a friendly reminder that Independence Day falls on a Sunday this year. For traders, this means that the US stock market will be closed on Monday, July 5th for the holiday. Markets will reopen Tuesday morning at 9:30 a.m. ET for a four-day week during normal trading hours.