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Spotting Winners: American Woodmark (NASDAQ:AMWD) And Home Construction Materials Stocks In Q3
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at American Woodmark (NASDAQ:AMWD) and its peers.
Finance and HR Software Stocks Q3 Teardown: Workiva (NYSE:WK) Vs The Rest
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the finance and HR software industry, including Workiva (NYSE:WK) and its peers.
1 Consumer Stock to Hold Forever and 2 to Dump
Regarded as defensive investments, consumer staples stocks are generally safe bets in choppy markets. On the other hand, they usually underperform during bull runs, but the sector has bucked this trend lately as its six-month return of 6.9% has closely followed the S&P 500.
3 Consumer Stocks to Drop Right Now
Consumer staples are considered safe havens in turbulent markets due to their inelastic demand profiles. The flip side is that they frequently fall behind growth industries when times are good. This trade-off has yet to emerge as the sector has posted a 10.3% return over the past six months, almost identical to the S&P 500.
Nike’s (NYSE:NKE) Q4 Sales Beat Estimates, Stock Soars
Athletic apparel brand Nike (NYSE:NKE) beat Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 7.7% year on year to $12.35 billion. Its GAAP profit of $0.78 per share was 23.3% above analysts’ consensus estimates.
FedEx (NYSE:FDX) Misses Q4 Revenue Estimates, But Stock Soars 9.5%
Parcel and cargo delivery company FedEx (NYSE:FDX) missed Wall Street’s revenue expectations in Q4 CY2024, with sales flat year on year at $21.97 billion. Its non-GAAP profit of $4.05 per share was 3.1% above analysts’ consensus estimates.
Mission Produce (NASDAQ:AVO) Delivers Impressive Q3, Stock Soars
Avocado company Mission Produce (NASDAQ:AVO) reported Q3 CY2024 results beating Wall Street’s revenue expectations, with sales up 37.4% year on year to $354.4 million. Its non-GAAP profit of $0.28 per share was significantly above analysts’ consensus estimates.
Scholastic (NASDAQ:SCHL) Reports Sales Below Analyst Estimates In Q4 Earnings, Stock Drops
Educational publishing and media company Scholastic (NASDAQ:SCHL) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 3.2% year on year to $544.6 million. Its GAAP profit of $1.71 per share was 25.7% below analysts’ consensus estimates.
CarMax (KMX) Stock Trades Up, Here Is Why
Shares of used automotive vehicle retailer Carmax (NYSE:KMX) jumped 8.8% in the pre-market session after the company reported impressive third-quarter earnings, which blew past analysts' revenue and EPS expectations. The CEO called out a "more stable environment for vehicle valuations," which is important for the business. Overall, this quarter had some key positives.
3 Consumer Stocks to Axe From Your List
Consumer staples stocks are seen as defensive plays because they’re typically safe havens in turbulent markets. On the other hand, they usually underperform during bull runs, but the sector has bucked this trend lately as its six-month return of 10.3% has closely followed the S&P 500.