Streetbeat News

Earnings

SCWX

SecureWorks reported worse-than-expected Q1 financial results and issued Q2 guidance below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 5:42 pm

SMAR

Smartsheet (NYSE: SMAR) reported better than expected 1Q FY24 results, with a solid free cash flow of $31.3 million. However, concerns over macro pressures and lengthening deal cycles have led to unchanged FY24 revenue and billing guidance. Analysts from Oppenheimer and Needham reiterated their positive ratings on the stock with price targets of $55 and $57, respectively.

Portfolio Pulse from Anusuya Lahiri

June 08, 2023 | 5:21 pm

CVNA

Carvana (CVNA) sees a sweep of 100 Aug 18 $35 calls near the ask price at $2.91, with earnings expected on 8/3 after market close. The stock is currently trading at $22.341.

Portfolio Pulse from Charles Gross

June 08, 2023 | 5:12 pm

TTC

Toro Company reported worse-than-expected Q2 revenue guidance and lowered its FY23 sales growth guidance and EPS guidance below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 4:58 pm

CVNA

Carvana expects to achieve Adjusted EBITDA above $50 million in Q2 2023, with a Non-GAAP total gross profit per unit (GPU) above $6,000, a 63% improvement compared to Q2 2022. The company reported a GPU of $4,303 in Q1, a 52% Y/Y increase, and an Adjusted EBITDA loss of $(24) million. Carvana's shares are trading higher by 24.1% at $19.29.

Portfolio Pulse from Shivani Kumaresan

June 08, 2023 | 4:44 pm

CVNA

DBI

SIG

The Nasdaq Composite gained over 100 points on Thursday, with consumer discretionary shares jumping by 1.5%. Signet Jewelers' shares dropped around 10% after posting upbeat Q1 results but lowering guidance. Carvana Co. and Designer Brands Inc. saw significant gains, while energy shares fell by 1.2%.

Portfolio Pulse from Lisa Levin

June 08, 2023 | 4:24 pm

OXM

Oxford Industries reported Q1 financial results and issued Q2 and FY24 guidance below estimates, causing shares to trade lower. Citigroup maintained a Neutral rating on the stock and lowered its price target from $110 to $101.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 4:07 pm

GEF

Greif shares are trading higher after the company reported better-than-expected Q2 EPS financial results.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 3:56 pm

SMAR

Smartsheet Inc (NYSE:SMAR) reported Q1 revenue of $219.89 million, beating estimates of $214.07 million, and adjusted EPS of 18 cents, surpassing estimates of 8 cents. The company expects Q2 revenue between $228 million and $231 million and raised its full-year adjusted earnings guidance. However, SMAR shares are trading lower, and analysts have updated their price targets.

Portfolio Pulse from Adam Eckert

June 08, 2023 | 3:32 pm

FYBR

Frontier Communications (FYBR) sees a surge in Aug 18 $20 call options at the ask price, with 2500 contracts traded at $0.8, compared to 682 open interest. Earnings are expected on August 4 before the market opens.

Portfolio Pulse from Charles Gross

June 08, 2023 | 3:27 pm