Core & Main Reports Downbeat Results, Joins Rev Group, PagerDuty, Dollar Tree And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session
Portfolio Pulse from Avi Kapoor
Core & Main and several other major stocks, including Zscaler, Ascendis Pharma, and Dollar Tree, experienced significant declines in pre-market trading due to disappointing earnings and guidance cuts.
September 04, 2024 | 12:59 pm
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NEGATIVE IMPACT
Asana shares fell 14.6% despite reporting upbeat Q2 results due to weak Q3 guidance.
Asana's share price decline is driven by weak guidance for the upcoming quarter, overshadowing positive Q2 results.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 70
NEGATIVE IMPACT
Ascendis Pharma shares declined 15.2% after missing Q2 sales estimates and cutting FY24 SKYTROFA revenue guidance.
The decline in Ascendis Pharma's share price is due to missed sales estimates and reduced revenue guidance, impacting investor sentiment.
CONFIDENCE 95
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
Core & Main's shares fell 17.1% after missing earnings estimates and cutting FY24 sales guidance.
Core & Main reported earnings and sales below expectations and reduced its FY24 sales guidance, leading to a significant drop in share price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
America’s Car-Mart shares fell 9.5% after reporting a year-over-year decrease in quarterly EPS.
The decline in America’s Car-Mart's share price is due to a decrease in EPS compared to the previous year.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Dollar Tree shares dipped 10.8% after missing Q2 results and cutting FY24 outlook.
Dollar Tree's share price is negatively impacted by missed earnings and a reduced outlook, leading to a significant decline.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Hormel Foods shares fell 7.1% after reporting mixed Q3 results and cutting FY24 sales guidance.
Hormel Foods' share price is affected by mixed financial results and a reduced sales guidance, leading to a decline.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 70
NEGATIVE IMPACT
PagerDuty shares fell 12% despite better-than-expected earnings due to missed sales estimates.
PagerDuty's share price decline is attributed to sales missing estimates, despite positive earnings.
CONFIDENCE 75
IMPORTANCE 55
RELEVANCE 60
NEGATIVE IMPACT
Rev Group shares fell 13.3% following weak quarterly sales.
Rev Group's share price drop is due to disappointing sales figures, affecting investor confidence.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Zscaler shares fell 17.1% following its fourth-quarter earnings report.
Zscaler's significant share price drop is attributed to its recent earnings report, which likely did not meet market expectations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80