Today's Stock Market News & Events: 6/28/2021

Today's market-moving economic data and earnings schedule

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The final trading days of June will bring plenty of supplemental economic data. May jobs data is highlighted to close out the month, as well as manufacturing and inflation numbers. Meanwhile, there will be a handful of notable quarterly reports to unpack this week, including retailer Bed Bath & Beyond (BBBY), beverage giant Constellation Brands (STZ), General Mills (GIS), and Walgreens Boots Alliance (WBA). 

The week will start off slow today, with no major data on tap.

The following company is slated to release quarterly earnings today, June 28:

Herman Miller Inc. (NASDAQ:MLHR -- $48.28) engages in the research, design, manufacture, and distribution of interior furnishings for use in various environments including office, healthcare, educational, and residential settings. Herman Miller will report its Q4 earnings of 2021 after the market closes today.

Now let's take a quick look at how Friday's earnings announcements compared to expectations:

Apogee Enterprises Inc. (NASDAQ:APOG -- $38.59) designs and develops glass and metal products and services in the United States, Canada, and Brazil. Apogee Enterprises reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.05. The firm earned $326 million during the quarter, compared to analyst estimates of $288.80 million.

CarMax Inc. (NYSE:KMX -- $119.43) engages in the retail of used vehicles and wholesale of vehicle auction operator. CarMax reported $2.63 earnings per share for the quarter, beating analysts' consensus estimates of $1.61 by $1.02. The company had revenue of $7.70 billion for the quarter, compared to the consensus estimate of $6.22 billion.

JinkoSolar Holding Co., Ltd. (NYSE:JKS -- $37.86) engages in the design, development, production and marketing of photovoltaic products, and solar system integration services. JinkoSolar Holding reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.14. The business earned $1.21 billion during the quarter, compared to the consensus estimate of $1.18 billion.

Paychex Inc. (NASDAQ:PAYX -- $104.28) provides integrated human capital management solutions for human resources (HR), payroll, benefits, and insurance services. Paychex reported $0.72 EPS for the quarter, beating the consensus estimate of $0.67 by $0.05. The company earned $1.03 billion during the quarter, compared to analysts' expectations of $980.02 million.

Looking ahead to tomorrow, Tuesday will bring the consumer confidence index. All economic dates listed here are tentative and subject to change.

Friendly reminder that, this year, Independence Day in the United States falls on a Sunday. This means that the stock market will be closed on Monday, July 5, in observation of the holiday. Prepare for next week to be a short trading week.


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