Thursday, June 30, 2022

Software Company Takes a Dive

Trade of the Day Wake-Up Watchlist

Bargain in Today's Market (SHOCKING)

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Duck Creek expects revenue in the range of $72.8 million to $74.8 million, while analysts were estimating $80.4 million.

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Here's a look at the top-moving stocks this morning.

Duck Creek Technologies (Nasdaq: DCT)

Duck Creek Technologies is down 19.07% premarket after the company tripped over its revenue outlook for the full year, missing the consensus estimates. The company reported adjusted EPS of 1 cent, down from 3 cents in the year-ago period. For the next quarter, Duck Creek expects revenue in the range of $72.8 million to $74.8 million, while analysts were estimating $80.4 million. Duck Creek is looking volatile.

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Acuity Brands (NYSE: AYI)

Acuity Brands is up 7.23% premarket after the company reported third quarter results that rose above expectations. The company reported strength in its lighting and lighting controls business. Net income for the quarter to May 31 rose to $105.7 million, or $3.07 a share, from $85.7 million. Adjusted earnings per share came in at $3.52, beating the FactSet consensus of $2.96. Keep an eye on Acuity Brands going forward.

 

RH (NYSE: RH)

RH is down 6.88% premarket after cutting 2022 sales forecast as consumer demand drops. The high-end furniture chain said full-year sales are expected to between 2% and 5% from 2021 levels. The company cited 'deteriorating macroeconomic environment' as the main reason for the cut. RH is looking volatile.

 

Starwood Property Trust (NYSE: STWD)

Starwood Property Trust is up 4.41% premarket. The commercial and residential lending company has seen its 2022 earnings estimates revised 12.2% upward to $2.30 over the past two months, according Zacks Consensus Estimates. Its year-over-year revenue is also estimated to uptick 9.9%. Keep an eye on Starwood Property Trust going forward.

 

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Those are the top market movers today.

Happy trading!

The Wake-Up Watchlist Research Team

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