Overview of Market Watch Heading Into Wednesday
As we approach Wednesday, several stocks are poised to be key players in the stock market. These include companies like UniFirst, BlackBerry, and three other noteworthy entities. We’ll explore what investors should focus on.
UniFirst Corporation
UniFirst Corporation, which specializes in uniform rental services, is expected to announce its Q2 earnings before the market opens. With a forecasted EPS of $1.45, and possessing a track record of surpassing earnings estimates in 9 out of the last 12 quarters, UniFirst’s financial results are eagerly anticipated.
BlackBerry Limited
BlackBerry Limited, once known for its smartphones, now focuses on enterprise software and IoT. The company’s shares experienced a slight increase by 0.69%, encouraging investors. Previously, BlackBerry beat revenue estimates by 8.57% in its latest quarter, which adds to the optimism.
Additional Stocks to Watch
Aside from UniFirst and BlackBerry, other companies are also on the investors’ radar:
- Progress Software Corporation: Known for its cloud computing services, Progress Software is set to release its earnings after the market closes. Analysts predict an EPS of $1.03, making it a firm to watch closely.
- Paychex Inc: This payroll processor is anticipated to disclose its Q3 earnings, with an expected EPS of $1.08. In recent times, Paychex has demonstrated consistent financial growth, surpassing EPS estimates consistently.
- Duck Creek Technologies: Specializing in software for the insurance industry, Duck Creek Technologies recently went public and has been drawing attention with its innovative solutions.
These key players form a diverse group, each representing different sectors and possessing unique potential in the stock market.