Which Stocks Should You Watch This Thursday: Darden Restaurants and Factset Research?

As U.S. stock futures show an upward trend this Thursday, several companies are expected to capture investor attention, particularly Darden Restaurants, Bullish, and Factset Research Systems. Darden is anticipated to report earnings of £2.00 per share, while Bullish recently announced a return to profitability. Meanwhile, FedEx prepares to release its earnings later today, making it a day filled with potential market movements.

Last updated: 02 October 2023 (BST)

Key Takeaways

• Darden Restaurants is expected to report earnings of £2.00 per share.
• Bullish returns to profitability with earnings of 93 cents per share.
• Factset Research Systems anticipates earnings of £4.13 per share.
• FedEx will release its earnings report after the market closes.
• 89bio is set to be acquired by Roche at a premium price.

Darden Restaurants: Anticipated Earnings Report

Darden Restaurants Inc. (DRI) is scheduled to announce its quarterly earnings before the market opens today. Analysts expect the company to report earnings of £2.00 per share and revenue of approximately £3.04 billion. Following positive after-hours trading, Darden shares rose by 1%, closing at £210.95.

This report is particularly significant as it provides insights into consumer spending at restaurants, which can be an indicator of wider economic trends. The restaurant industry has seen fluctuations due to changing consumer preferences, inflationary pressures, and shifting dining habits post-pandemic.

Bullish Reports Profitable Quarter

In a notable turnaround, Bullish (BLSH) posted a profit for the second quarter, reporting earnings of 93 cents per share after a loss of £1.03 per share in the same period last year. The company’s revenue also saw an impressive increase, reaching £58.63 million compared to £49.57 million a year ago. Following this announcement, Bullish shares gained 2.1%, closing at £55.50 in after-hours trading.

The shift from loss to profit highlights Bullish's recovery and growth strategy, which may attract further investment interest. The company’s performance is particularly relevant given the current market volatility and investor sentiment towards tech and fintech stocks.

Factset Research Systems' Earnings Expectations

Factset Research Systems Inc. (FDS) is also set to report its quarterly earnings before market opening, with analysts expecting earnings of £4.13 per share and revenue of approximately £593.45 million. The company, which provides financial data and software, has been a reliable performer in the financial services sector.

Factset’s strong performance is critical for investors seeking stability in the financial technology space, especially in light of recent market fluctuations. The anticipated earnings report will provide crucial insights into the company's resilience and growth in a competitive landscape.

FedEx Earnings Forecast

FedEx Corp. (FDX) will release its quarterly earnings report after the market closes today, with expectations of earnings at £3.62 per share and revenue of around £21.67 billion. After-hours trading saw FedEx shares increase by 0.1%, closing at £226.06.

Given the global supply chain challenges and economic factors impacting logistics, FedEx's earnings report will be closely watched. The results could provide insights into the broader logistics sector’s health and consumer demand trends.

89bio Acquired by Roche

In a significant market development, 89bio Inc. (ETNB) has agreed to be acquired by Roche for £14.50 per share in cash at closing. This acquisition represents a substantial 79% premium over 89bio’s closing stock price of £8.08 on 17 September. The acquisition is poised to expand Roche's portfolio in the biopharmaceutical sector, potentially enhancing its market position.

Conclusion: Market Dynamics Ahead

Today’s earnings reports from Darden, Bullish, Factset, and FedEx are likely to influence market dynamics significantly. Investors will be keen to analyse these results to gauge the economic landscape's health and identify potential opportunities. As these companies release their earnings, the market will react accordingly, reflecting investor sentiment and expectations.

With a blend of recovery stories and strong performances anticipated, today represents a crucial moment for investors. Will these earnings reports meet expectations, or will they surprise the market? The answers will unfold as the day progresses. Stay tuned for developments that could impact your investment strategy today.

FAQs

What are Darden Restaurants' expected earnings?

Darden Restaurants is expected to report earnings of £2.00 per share along with revenue of approximately £3.04 billion.

How did Bullish perform this quarter?

Bullish announced quarterly earnings of 93 cents per share, marking a significant improvement from a loss of £1.03 per share a year ago.

What earnings are analysts predicting for FedEx?

Analysts expect FedEx to report earnings of £3.62 per share with revenue around £21.67 billion after the market closes today.

Who is acquiring 89bio?

Roche is acquiring 89bio at £14.50 per share, representing a 79% premium over its recent closing stock price.

Why are these earnings reports important?

These earnings reports provide insights into consumer spending trends and the overall health of the economy, influencing investment decisions.