The second half kicks off next week with a fresh batch of earnings reports that could spark fireworks in the market. From turnaround plays to potential blow-ups, the reports span an explosive range of outcomes.
Leading off, data center firm SMART Global Holdings (SGH) looks to continue its rebound when unveiling results on July 9th. Analysts see SGH growing earnings to $0.25 per share, up from just $0.24 a year ago despite industry headwinds. An upside surprise could further fuel the stock's 23% rally over the past month.
Another comeback kid, business development company Saratoga Investment (SAR), will aim to reassure investors after a challenging year. While earnings are expected to dip to $0.96 per share from $1.01 last year, SAR shares have been reviving by gaining nearly 30% quarter-to-date. Beating forecasts could extend that bounceback.
South of the border, all eyes will be on Mexican telecom giant América Móvil (AMX). The company is projected to post $0.35 EPS, a modest increase over last year's $0.33 despite economic pressures. But AMX has struggled lately, with its stock down 11% in 2024 amid ongoing competitive threats.
 |
In the consumer space, Helen of Troy (HELE) braces for a likely earnings decline. The Oxo, Honeywell and Vicks maker is expected to report $2.31 per share, down sharply from $2.79 a year earlier as higher costs bite into margins. Wall Street remains bullish, though, predicting 50% upside if HELE can execute.
For potential fireworks, look no further than Grupo Televisa (TV). Fresh off a bribery scandal, the media conglomerate is expected to post a $0.05 loss per share, a vast improvement from an $0.88 deficit last year. But any whiff of a miss could spark another rout after the stock plunged 45% year-to-date.
On the small-cap front, restaurant chain Kura Sushi USA (KRUS) is anticipated to narrow losses to $0.032 per share from $0.18 last year. Beating expectations could provide a fillip as KRUS aims to expand its automated sushi concept nationwide. Analysts see 48% upside.
Finally, security device maker Byrna Technologies (BYRN) carries high risk heading into its report. While losses are forecast to widen to $0.05 per share from $0.02, BYRN has been a battleground stock with the potential for wild moves. The Street has an average $18 price target, implying 91% upside.
With consumer spending, reopening trends and turnaround efforts in focus, next week's slate sets up a series of potential buying and selling opportunities. But choose wisely - some names could go off like fireworks while others fizzle out quickly.
