Stocks to Watch: FedEx, Jabil, Red Hat are stocks to watch

Stock Market

SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trade in Wednesday’s session are FedEx Corp., Jabil Circuit Inc., and Red Hat Inc.

FedEx
FDX,
-0.38%

 is projected to post fourth-quarter earnings of $2.36 a share, according to a consensus survey by FactSet. Analysts at Nomura said they will look for details on volume and pricing expectations and an update on the company’s profit improvement plan.

Jabil Circuit
JBL,
+0.13%

 is likely to report a loss of 9 cents a share in the third quarter. “We note that shares could hold steady or even add to recent gains, as the wave of disappointing results and news flow should be behind the company for now,” analyst Brian Alexander at Raymond James said in a recent report. Alexander also reiterated his market perform rating on the stock.

Red Hat
US:RHT
 is forecast to report first-quarter earnings of 33 cents a share. The stock’s outperform rating was reiterated at Raymond James on Monday.

After Tuesday’s closing bell, Adobe Systems Inc.
ADB,
-1.13%

 reported second-quarter adjusted earnings of 37 cents a share, beating Wall Street’s projection of 30 cents a share. Revenue rose to $1.07 billon from $1.01 billion a year earlier. Adobe shares jumped over 6% in after hours.

La-Z-Boy Inc.
LZB,
+0.61%

 said it earned an adjusted 33 cents a share in the fourth quarter, edging out analysts’ estimate of 32 cents a share. However, same-store sales fell 0.9%, compared with a 11.2% rise in the fourth quarter of last year. Shares slumped 9.3% in after hours.

More must-reads from MarketWatch:

If Iraqi oil goes off line, $200 oil is next

Why traders may be overconfident about the safety of Iraq’s oil exports

U.S. vs. Ghana World Cup match sets TV record

Articles You May Like

Binance Dominates Bitcoin Futures with 87% Taker Volume: CQ
Tesla Shares Drop as Donald Trump Threatens Subsidy Cuts Following Elon Musk Clash
Experts Positive on Crypto Altcoin ETFs This Year: Will XRP, ADA, and SOL Benefit?
Bitcoin Price Coiling Up Is a Surge Past $110K on Deck?
Bitcoin Short-Term Upper Bound Is $117,000, Glassnode Says