Today's Stock Market News & Events: 7/9/2021

Today's market-moving economic data and earnings schedule

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Today's wraps up the week with wholesale inventories on tap. 

The following companies are slated to release quarterly earnings today, July 9:

AZZ Inc. (NYSE:AZZ -- $51.54) provides galvanizing and metal coating solutions, welding solutions, specialty electrical equipment, and engineered services to the power generation, transmission, distribution, refining, and industrial markets in the United States and internationally. AZZ will report its Q1 earnings of 2022 before the bell today.                                   

The Greenbrier Co. Inc. (NYSE:GBX -- $40.04) designs, manufactures, and markets railroad freight car equipment in North America, Europe, and South America. Greenbrier will report its Q3 earnings of 2021 before the bell today.

Here is a quick look at how yesterday's earnings announcements played out:

Helen of Troy Ltd. (NASDAQ:HELE -- $232.52) designs, develops, imports, markets, and distributes a portfolio of consumer products worldwide. Helen of Troy reported $3.48 EPS for the quarter, beating analysts' consensus estimates of $2.37 by $1.11. The business had revenue of $541.20 million for the quarter, compared to the consensus estimate of $438.91 million.

Accolade Inc. (NASDAQ:ACCD -- $52.91) develops and provides technology-enabled solutions that help people to understand, navigate, and utilize the healthcare system and their workplace benefits in the United States. Accolade reported ($0.22) EPS for the quarter, missing analysts' consensus estimates of ($0.10) by $0.12. The business had revenue of $59.23 million for the quarter, compared to analysts' expectations of $55.38 million.

Duck Creek Technologies Inc. (NASDAQ:DCT -- $42.23) provides software-as-a-service core systems to the property and casualty insurance industry in North America. Duck Creek Technologies reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates of ($0.01) by $0.04. The firm earned $67.90 million during the quarter, compared to the consensus estimate of $63.81 million.

Levi Strauss & Co. (NYSE:LEVI -- $28.04) operates as an apparel company. Levi Strauss reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.14. The business earned $1.28 billion during the quarter, compared to the consensus estimate of $1.21 billion.

PriceSmart Inc. (NASDAQ:PSMT -- $87.71) owns and operates U.S. style membership shopping warehouse clubs in Central America, the Caribbean, and Colombia. PriceSmart reported $0.73 EPS for the quarter, beating the consensus estimate of $0.65 by $0.08. The business earned $895.26 million during the quarter, compared to analysts' expectations of $848.37 million.

Looking ahead to next week, plenty of red-hot economic activity are due out next week and another earnings season slowly rolling out, with bank stocks some of the first to release quarterly reports. Earnings from bank names JPMorgan Chase (JPM), Bank of America (BAC), PNC (PNC), Morgan Stanley (MS), and Wells Fargo (WFC) are all due out, while Wall Street can also expect reports from PepsiCo (PEP), Delta Air Lines (DAL), and United Health (UNH). While the week starts slow, by Thursday there will be plenty of economic data to digest, including a monthly report from the Organization of Petroleum Exporting Countries (OPEC), manufacturing data, and weekly jobless claims. The week will be rounded out with data on retail sales and business inventories. 

All economic dates listed here are tentative and subject to change.

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