AI, JWN, CRM, CRWD, CHWY are few of biggest movers and shakers after hours stocks. What made these stocks hit the headline after bell.
Also the AI, JWN, CRM, CRWD, CHWY are expected to report earnings after hours on May 31, 2023, and as per reports they are few of the best performing stocks with expectations of highest returns.
Nordstrom (JWN)
Nordstrom’s stock jumped 9% in after hours after its fiscal first quarter sales beat Wall Street’s expectations. The strong results came even as the retailer reported a spending drop and predicted slower sales in the coming months. In the past year JWN has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 13.85%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for JWN is 8.45 vs. an industry ratio of 13.80.
Salesforce(CRM)
Salesforce, the software giant stock tumbled nearly 4%. The company’s capital expenditures in its latest quarter totaled $243 million, above the $205 million consensus among analysts polled by StreetAccount. In the past year CRM has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 38.36%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for CRM is 44.85 vs. an industry ratio of 22.90, implying that they will have a higher earnings growth than their competitors in the same industry.
CrowdStrike Holdings, Inc. (CRWD)
The cybersecurity firm’s stock tumbled nearly 12% in after-hours trading after the company reported slowing revenue growth. Its consensus earnings per share forecast from the 11 analysts that follow the stock is $-0.10. This value represents a 23.08% increase compared to the same quarter last year. Zacks Investment Research reports that the 2024 Price to Earnings ratio for CRWD is -720.86 vs. an industry ratio of -16.50.
C3.ai (AI)
The artificial intelligence tech company saw its shares tumble 18% even after it beat expectations on the top and bottom lines for its fiscal fourth quarter, according to Refinitiv. The stock has skyrocketed more than 250% this year amid Wall Street’s enthusiasm toward AI. Zacks Investment Research reports that the 2023 Price to Earnings ratio for AI is -17.65 vs. an industry ratio of 9.90.
Chewy, Inc. (CHWY)
Chewy, the pet retailer’s shares jumped about 12%. Chewy has posted earnings of 5 cents a share, defying analysts’ predictions for a loss of 4 cents per share, according to Refinitiv. Revenue came in ahead of expectations at $2.78 billion, versus the $2.73 billion anticipated by Wall Street. Its consensus earnings per share forecast from the 9 analysts that follow the stock is $-0.04. This value represents a 200.00% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2024 Price to Earnings ratio for CHWY is -302.00 vs. an industry ratio of -0.30.
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