Pre-Market Watch: Monitoring Lowe's, Macy's, and Other Notable Stock Movements

Investors are gearing up for a potentially turbulent day on Wall Street as U.S. stock futures suggest a lower opening for the markets on Tuesday. Among the companies drawing significant attention are retail heavyweights and several notable reportings.

Anticipated Earnings Report from Lowe's

One of the key highlights is the expected earnings report from Lowe's Companies, Inc. Analysts have forecasted an earnings figure of $1.68 per share with revenue projections at $18.45 billion, all eyes will be on the company prior to the opening bell. After the market closed the previous day, Lowe's saw a moderate increase of 0.5% in its shares, reaching $232.40.

After-Hours Movements

The Aaron's Company, Inc. has reported a quarterly loss, which has significantly impacted their after-hours trading, leading to a 26.9% drop to $7.65. Despite this fall, there was a positive shift for Macy's, Inc., which saw its shares ascend by 1.6% to $19.60, fueled by anticipatory earnings predictions of $1.96 per share on an $8.15 billion revenue.

Tech-sector woes are apparent with Unity Software Inc., which reported mixed results for its fourth quarter and is expecting revenue between $415 million to $420 million for the coming quarter, resulting in their shares falling 19% to $26.75 in after-market hours.

Other Earnings Forecasts

Another entity under scrutiny is The J. M. Smucker Company, which analysts expect to unveil their earnings at $2.27 per share on a revenue of $2.22 billion before the next day's opening bell. Following this news, Smucker's shares experienced a modest climb of 0.6% to reach $126.00 in the after-hours session.

Lowes, Macys, Earnings