Streetbeat News

Earnings

ADEA

BELFA

DQ

HIMX

NOK

The article provides an overview of value stocks in the technology sector, listing Bel Fuse, Daqo New Energy, Himax Techs, Adeia, and Nokia as notable examples. It discusses their P/E ratios, recent earnings per share, and dividend yields.

Portfolio Pulse from Benzinga Insights

June 06, 2023 | 2:40 pm

OESX

Orion Energy Systems reported Q4 FY23 revenue of $21.6 million, missing the consensus of $22.6 million, and an EPS loss of $(0.16), missing the consensus of $(0.06). Gross margin declined to 21.9% due to unfavorable product and services mix. The company reaffirms FY24 revenue growth of 30% or more to about $100 million.

Portfolio Pulse from Lekha Gupta

June 06, 2023 | 2:37 pm

ABM

ABM Industries reported Q2 FY23 revenue growth of 4.5% Y/Y to $1.98 billion, missing the consensus of $2 billion. Adjusted EPS of $0.90 beat the consensus of $0.86. The company declared a cash dividend of $0.22 per common share. ABM reiterates guidance for adjusted EPS to $3.40 - $3.60 versus the consensus of $3.50.

Portfolio Pulse from Lekha Gupta

June 06, 2023 | 2:27 pm

CNM

Core & Main Inc (NYSE:CNM) reported Q1 FY23 sales decline of 1.5% YoY to $1.57 billion, missing the consensus of $1.60 billion. However, EPS of $0.50 beat the consensus of $0.46. The company raised its fiscal 2023 net sales and Adjusted EBITDA outlook.

Portfolio Pulse from Akanksha Bakshi

June 06, 2023 | 2:26 pm

CHS

Chico's FAS reported Q1 revenue of $534.74 million, down 1.1% YoY, missing the Street view of $541.95 million. EPS of $0.32 increased 14.3% YoY, beating the estimate of $0.27. The company lowered its FY23 outlook and expects sales of $2.175 billion-$2.205 billion and EPS of $0.70-$0.82.

Portfolio Pulse from Nabaparna Bhattacharya

June 06, 2023 | 2:24 pm

CIEN

Ciena Corp reported Q2 FY23 revenue growth of 19.3% YoY to $1.13 billion, beating the consensus estimate of $1.09 billion. Adjusted gross margin expanded to 43.7%, and non-GAAP EPS of $0.74 beat the consensus of $0.61. The company held $1.34 billion in cash and equivalents and generated $229.8 million in operating cash flow.

Portfolio Pulse from Anusuya Lahiri

June 06, 2023 | 2:15 pm

BWA

BorgWarner Inc (NYSE:BWA) announced the next phase of its 'Charging Forward' strategy, aiming to achieve $10 billion in eProducts sales by 2027, making up nearly 50% of its total sales. The company seeks to deliver 7% margins and positive free cash flow in its eProduct portfolio by 2027.

Portfolio Pulse from Shivani Kumaresan

June 06, 2023 | 2:12 pm

ASO

Academy Sports And Outdoors Inc (ASO) reported a Q1 FY23 sales decline of 5.7% YoY to $1.38 billion, missing the analyst consensus estimate of $1.44 billion. Adjusted EPS of $1.30 also missed the consensus of $1.66. The company lowered its FY23 sales and adjusted EPS outlook.

Portfolio Pulse from Shivani Kumaresan

June 06, 2023 | 2:08 pm

GIII

XELB

G-III Apparel Group reported Q1 FY24 sales decline of 11.9% Y/Y to $606.6 million, beating the consensus of $594.78 million. The company raised its FY24 sales and adjusted EPS outlook. GIII also disclosed a 25-year master licensing deal with Xcel Brands for the Halston business and its brands.

Portfolio Pulse from Lekha Gupta

June 06, 2023 | 2:07 pm

HCP

HashiCorp (NASDAQ:HCP) is set to release its latest quarterly earnings report on June 7, 2023, with analysts estimating an EPS of -$0.14. Investors will be looking for an earnings beat and positive guidance for the next quarter. Shares are currently trading at $34.51, with a 52-week increase of 6.38%.

Portfolio Pulse from Benzinga Insights

June 06, 2023 | 2:07 pm