Streetbeat News

Earnings

CAH

Cardinal Health has narrowed its FY23 adjusted EPS guidance to $5.65-$5.80 from $5.60-$5.80, with a consensus of $5.73. The company also provided preliminary FY24 adjusted EPS guidance of $6.45-$6.70, compared to a consensus of $6.51. The Board of Directors approved a new $3.5 billion share repurchase authorization, with plans to execute at least $2.0 billion of share repurchases over the next three years.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 11:00 am

SIG

Signet Jewelers has reduced its FY24 adjusted EPS outlook from $11.07-$11.59 to $9.49-$10.09, below the consensus estimate of $11.11.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 10:57 am

SIG

Signet Jewelers has reduced its FY24 total sales outlook from $7.67B-$7.8B to $7.10B-$7.30B, below the consensus estimate of $7.73B.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 10:56 am

SIG

Signet Jewelers expects Q2 total sales to be between $1.53B and $1.58B, lower than the consensus estimate of $1.75B. The company cites a recent deceleration of trends, a softer than expected Mother's Day, increasing macro-economic pressures on consumers, and deeper competitive discounting.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 10:54 am

DBI

Designer Brands has lowered its FY23 EPS guidance to $1.20 - $1.50, down from the previous range of $1.65 - $1.75, and below the estimated $1.64.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 10:52 am

SIG

Signet Jewelers (SIG) has revised its guidance to reflect the current macro environment, which may impact the company's financial performance.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 10:52 am

SIG

Signet Jewelers reported Q1 adjusted EPS of $1.78, beating the $1.49 estimate, and sales of $1.67B, beating the $1.65B estimate. However, this represents a 37.76% decrease in earnings and a 9.25% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 10:51 am

DBI

Designer Brands (NYSE:DBI) reported Q1 adjusted earnings of $0.21 per share, missing the $0.23 estimate, and sales of $742.08 million, missing the $754.28 million estimate. This represents a 56.25% decrease in earnings and a 10.65% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 10:49 am

GHM

Graham Corporation (GHM) forecasts FY24 revenue of $165M to $175M, surpassing the $150.59M estimate. The company expects a gross margin of 17%-18% and capital expenditures between $5.5M and $7M.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 10:39 am

GHM

Graham (NYSE:GHM) reported Q4 earnings with an EPS of $0.0, missing estimates by 100.0%. Revenue was up $3.29 million YoY.

Portfolio Pulse from Benzinga Insights

June 08, 2023 | 10:35 am