American Eagle Stock Is Flying High
Live Blog Update #4 Published
JPMorgan analyst Matthew Boss removed his sell rating from American Eagle (NYSE: AEO) stock this morning, upgrading to neutral with a $20 price target after the retailer’s earnings beat last night.
AE beat earnings with a $0.53 per share quarterly profit and grew revenue twice as fast as Wall Street anticipated, 6%. Management also raised guidance for Q4 sales and predicted strong same store sales growth. Still, gross margins were down year over year and same store sales in Q3 grew only 1%, less than anticipated.
AE’s a show-me stock right now. JPMorgan isn’t ready to call it a “buy” just yet, but if AE deliveres on its promises, investors can expect more upgrades in the future. No wonder the stock is up 16.5% today.
The Voo, by the way, is now also in the green and up 0.3%.
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One earnings report from last night also bears mention, as it may be affecting the Vanguard S&P 500 ETF’s movement today. After close of trading, S&P 500 component company CrowdStrike Holdings Inc. (Nasdaq: CRWD) beat by two cents with a Q3 profit of $0.96 per share. Revenue edged out the consensus estimate at $1.23 billion, and guidance was decent as well.
CrowdStrike says it will earn between $3.70 and $3.72 in fiscal 2026, a couple cents above consensus, and revenue will be at least $4.8 billion, also above consensus. Regardless, CrowdStrike stock is down nearly 4% today.
One more big earnings report for the morning: RV-maker Thor Industries (NYSE: THO).
Thor delivered a powerful earnings beat, reporting $0.41 per share in fiscal Q1 2026 profit where Wall Street had expected a loss of $0.07. Revenue was much stronger than expected to, coming in close to $2.4 billion.
Guidance is another story, with Thor estimating full year earnings will range from only $3.75 to $4.25 per share (so $4 at the midpoint). That’s worse than the consensus number of $4.07.
Thor Industries stock initially opened higher this morning, but is currently down almost 2%. The Voo is cutting its losses though, now down 0.1%.
S&P 500 component company Dollar Tree (Nasdaq: DLTR) beat earnings by 12 cents this morning, reporting fiscal Q3 2026 earnings per share of $1.21. Revenue matched consensus analyst estimates at $4.7 billion.
Dollar Tree likewise gave optimistic guidance, estimating it will earn between $5.60 and $5.80 per share in fiscal 2026, ahead of the consensus of $5.51. Revenue should also beat expectations, coming in between $19.35 billion and $19.45 billion.
Dollar Tree stock, however, is flat premarket.