Streetbeat News

Earnings

KHC

Analysts remain optimistic about Kraft Heinz (NASDAQ:KHC) despite a 3.6% decline in Q2 FY24 sales. BofA Securities, Stifel, and Piper Sandler analysts reiterated Buy ratings, citing cost efficiencies and future foodservice initiatives as positive factors. Price targets were raised to $40-$41, and EPS estimates were adjusted upwards.

Portfolio Pulse from Nabaparna Bhattacharya

August 01, 2024 | 6:03 pm

MAR

Marriott International (NASDAQ: MAR) reported weaker-than-expected Q2 revenue, leading to a 4.7% drop in its share price. Despite beating EPS estimates, the company missed revenue forecasts and provided lower-than-expected guidance for Q3 and full-year 2024. Analysts from Baird, Wells Fargo, Barclays, and Deutsche Bank have subsequently lowered their price targets for Marriott.

Portfolio Pulse from Avi Kapoor

August 01, 2024 | 6:01 pm

ACMR

ADI

AMD

INTC

NVDA

Shares of chip stocks are trading lower amid overall market weakness, with recent earnings from large names in the sector potentially contributing to the decline.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 6:00 pm

CCJ

Cameco shares are trading lower after the company reported worse-than-expected Q2 earnings.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 6:00 pm

TMUS

T-Mobile US, Inc (NASDAQ:TMUS) reported better-than-expected Q2 results, leading to raised FY24 guidance and increased price targets from multiple analysts. The company saw a 9.21% EPS beat and a 1.13% revenue beat, with strong postpaid net account additions and service revenues.

Portfolio Pulse from Avi Kapoor

August 01, 2024 | 5:53 pm

TDOC

Teladoc Health, Inc. (NYSE:TDOC) shares are trading lower after the company reported a second-quarter revenue miss and withdrew its full-year financial outlook. The stock hit a new 52-week low, with revenue down 2% year-over-year. The Integrated Care segment saw a 5% increase, but the BetterHealth segment fell 9%. Oppenheimer maintained an Outperform rating but lowered the price target from $21 to $17. The stock is down 7.95% at $8.68.

Portfolio Pulse from Erica Kollmann

August 01, 2024 | 5:50 pm

JUSHF

Jushi Holdings Inc. refinanced its $53 million loan with a new $48.5 million senior secured term loan and $7.4 million in cash, reducing its short-term debt to less than $1 million. The new loan has a 12.25% interest rate and includes five-year warrants for investors. Jushi will report its Q2 2024 financial results on August 7, 2024.

Portfolio Pulse from Nina Zdinjak

August 01, 2024 | 5:48 pm

GOOS

Canada Goose Holdings Inc. (NYSE:GOOS) reported its fiscal earnings for the first quarter of 2025, showing mixed results. The company beat sales estimates but missed earnings per share expectations. Despite a decrease in gross profit and inventory, the company maintained its guidance for fiscal year 2025. The stock is trading 3.98% lower.

Portfolio Pulse from Dylan Berman

August 01, 2024 | 5:48 pm

GOOS

Canada Goose shares are trading lower following mixed Q1 results.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 5:48 pm

MTCH

Match Group, Inc. (NASDAQ:MTCH) reported better-than-expected Q2 revenue and issued strong Q3 guidance. Despite this, shares fell 4.7%. Analysts have raised their price targets, with some maintaining Hold ratings and others giving Buy ratings.

Portfolio Pulse from Avi Kapoor

August 01, 2024 | 5:46 pm