Streetbeat News

Earnings

CDNA

HRTX

TMDX

Three health care stocks, TransMedics Group, Inc. (TMDX), CareDx, Inc. (CDNA), and Heron Therapeutics, Inc. (HRTX), are identified as potentially overbought with high RSI values, indicating a possible short-term price decline. Despite recent strong financial results and significant stock gains, their momentum indicators suggest caution for investors.

Portfolio Pulse from Avi Kapoor

May 24, 2024 | 11:53 am

INTU

Intuit Inc. (NASDAQ:INTU) reported better-than-expected Q3 earnings and raised its full-year outlook, but issued weak guidance for the current quarter. Analysts revised their price targets following the results.

Portfolio Pulse from Avi Kapoor

May 24, 2024 | 11:51 am

OPTX

Syntec Optics Holdings reported Q1 net sales of $6.3M, down from $6.9M year-over-year. The company posted an adjusted EBITDA of $(0.7)M, exited the quarter with $1.7M in cash, and has $8.8M in debt.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 11:49 am

DECK

Deckers Outdoor Corporation (NYSE:DECK) reported better-than-expected Q4 financial results, with earnings per share of $4.95 beating estimates by 70.69% and sales of $959.758 million surpassing estimates by 8.14%. The company saw significant growth in both domestic and international sales. Analysts have raised their price targets for DECK following the strong results.

Portfolio Pulse from Avi Kapoor

May 24, 2024 | 11:44 am

WDAY

Workday, Inc. (NASDAQ:WDAY) reported strong Q1 earnings, beating analyst estimates with $1.74 per share and $1.99 billion in sales. Despite this, the company lowered its forward guidance, leading several analysts to cut their price targets. Workday shares rose slightly by 0.4% to $260.90.

Portfolio Pulse from Avi Kapoor

May 24, 2024 | 11:37 am

ROST

Ross Stores shares are trading higher following better-than-expected Q1 financial results and raised its FY24 EPS guidance.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 11:34 am

BAH

BKE

INTU

ROST

WDAY

Key stocks to watch today include Booz Allen Hamilton, Ross Stores, The Buckle, Intuit, and Workday. Booz Allen Hamilton is expected to report strong earnings, Ross Stores exceeded earnings expectations and raised its profit forecast, The Buckle is anticipated to post solid earnings, Intuit posted strong earnings but issued weak guidance, and Workday reported good earnings but lowered its forward guidance.

Portfolio Pulse from Avi Kapoor

May 24, 2024 | 11:30 am

INTU

Intuit shares are trading lower after the company reported Q3 financial results and issued Q4 adjusted EPS guidance below estimates. B of A Securities maintained a Buy rating on the stock but lowered its price target from $760 to $730.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 11:28 am

WDAY

Workday shares are trading lower after the company reported Q1 financial results. Additionally, Piper Sandler and Keybanc have lowered their price targets on the stock.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 11:25 am

BKE

Buckle (NYSE:BKE) reported Q1 earnings per share (EPS) of $0.69, missing the analyst consensus estimate of $0.74 by 6.76%. This represents a 19.77% decrease from the same period last year. Quarterly sales were $262.48 million, also missing the estimate of $263.64 million by 0.44%, and showing a 7.20% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 10:53 am