PriceSmart, Inc. - Common Stock (PSMT)

U.S. stock futures declined on Friday after ending marginally higher on Thursday. Futures of major benchmark indices were lower.

After the conclusion of the US market's regular session on Thursday, let's examine the after-hours session and unveil the notable performers among the top gainers and losers.

PriceSmart, Inc. (NASDAQ: PSMT) will release earnings results for Q3 on July 10. Analysts expect $1.09 EPS & $1.31B revenue. Dividend yield is 1.21%.

Why would you assume the equity risk and invest in a dividend stock if you could earn a better return in a much less risky money market account (MMA) or Treasury bond? Lets find out...

Stocks are retreating Thursday, giving back a portion of yesterday’s historic gains after a temporary easing of global trade tensions.

U.S. stock futures up, UniFirst, Cal-Maine, Acuity Brands, AAR Corp, PriceSmart expected to report earnings.

PriceSmart is still inside a buy range after clearing an 87.99 entry in a flat base. The buying range extends to 5% above the initial entry.

PriceSmart reported 12.1% revenue growth in Q3, beating expectations. Net sales grew by 11.6% and operating income rose. Adjusted EPS exceeded consensus. Company has 54 warehouse clubs..

The futures market on Thursday reflected jitteriness as traders awaited the all-important consumer price inflation data. The broader market is amid a multi-session winning run and has been breaking records session after session, sending the valuation of especially some mega-cap stocks to unsustainable levels.

PSMT stock results show that Pricesmart beat analyst estimates for earnings per share and beat on revenue for the third quarter of 2024.

The warehouse giant rose overnight.

The market’s bullish bias will likely be put to the test on Wednesday as some key market-moving catalysts due this week could pose a threat to the upward momentum.