S&P 500 Earnings Preview – Investors Will Find Out if Campbell Soup is Still “Umm Umm Good”American Eagle Outfitters continues to string of retail earnings
American Eagle Outfitter
American Eagle Outfitters (AEO) is scheduled to release its Q1 financial results before the opening bell on June 3, 2020. The company is expected to lower -$0.29 per share on $634.26 in revenue. This compares to $0.36 per share in the last quarter. Growth estimates are expected to contract by 221%. Forecasts for the Q1 earnings have declined by $0.07 per share during the last 30-days.
The stock prices have rallied 50% off the lows seen in April and has made a 2-month high ahead of earnings results. The stock is poised to test resistance near the 200-day moving average near $12.9 would be another 25% rise.
75% of retail CFD investors lose money
Campbell Soup (CPB) is scheduled to release its fiscal Q3 financial results before the opening bell on Wednesday, June 3, 2020. The company is expected to earn $0.76 per share on $2.24 billion in revenues. This compares to $0.66 in the prior quarter which would equate to a 10% increase. Earnings forecasts have increased $0.04 over the past 30-days which is a positive sign for the stock price. Growth estimates are expected to expand by approximately 36%.
The stock price has rebounded 25% since its March lows and is currently in a range between $54 and $47. Better than expected results should see the stock price test upside resistance.