Streetbeat News

Earnings

TMCI

Treace Medical Concepts (NASDAQ:TMCI) is scheduled to release its quarterly earnings report on 2024-02-27, with an estimated EPS of $-0.09. Historical performance shows a significant impact on stock price following earnings announcements, with a notable 37.9% drop after last quarter's miss. Shares are currently trading at $14.25, down 32.9% over the last year, indicating potential investor concern ahead of the earnings release.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 6:01 pm

NCLH

Norwegian Cruise Line (NCLH) is scheduled to release its quarterly earnings report on February 27, 2024, with analysts expecting an EPS of $-0.14. The company's past earnings performance shows mixed results with both beats and misses compared to estimates, affecting stock prices variably. Shares are currently trading at $16.17, reflecting an 8.87% increase over the last 52 weeks. Investors are advised to pay attention to the company's guidance for future quarters, which can significantly impact stock prices.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 6:00 pm

CVNA

Kerrisdale Capital released a short report on Carvana Co (NYSE:CVNA), criticizing its valuation and growth prospects. Despite recent gains, Kerrisdale views Carvana's stock as overvalued, citing a 'muted growth outlook' and unrealistic valuation metrics. Carvana's recent Q4 earnings missed expectations, but the company remains optimistic about its future, expecting increased retail units sold and adjusted EBITDA above $100 million in the next quarter. Analysts have mixed views on Carvana, with ratings ranging from 'Underweight' to 'Outperform'.

Portfolio Pulse from Chris Katje

February 26, 2024 | 5:59 pm

WMT

Oppenheimer analyst Rupesh Parikh maintains an Outperform rating on Walmart Inc (NYSE:WMT) with a new price target of $67, adjusted for a 3-for-1 stock split. The split-adjusted shares will begin trading on February 26. Parikh is optimistic about Walmart's potential for grocery share gains, alternative revenue streams, e-commerce investments, and international expansion, projecting ~4% sales and operating income growth. The $67 price target is based on a ~27x P/E multiple of the fiscal 2025 EPS forecast of $2.50. Walmart's shares rose 1.9% to $59.63.

Portfolio Pulse from Anusuya Lahiri

February 26, 2024 | 5:57 pm

SNOW

Investors have shown a bearish stance on Snowflake (NYSE:SNOW), with options trading indicating a split sentiment of 28% bullish and 71% bearish. A total of 45 uncommon options trades were spotted, with a focus on a price band between $120.0 and $270.0. The largest trades include both bullish and bearish sentiments across various expiration dates and strike prices. Snowflake, a data lake, warehousing, and sharing company, has over 3,000 customers, including nearly 30% of the Fortune 500. The company's stock is currently trading at $229.33, with an earnings announcement expected in 2 days. Analysts have issued mixed ratings, with a consensus target price of $235.4.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 5:46 pm

CRM

Salesforce's Q4 earnings are anticipated to be positively influenced by generative AI and market optimism. Citi analyst Tyler Radke maintains a Neutral rating but raises the price target from $265 to $325, citing mixed signals but a modestly positive outlook. Morgan Stanley analyst Keith Weiss, holding an Overweight rating, raises his price target to $350, highlighting potential for a revenue re-acceleration and efficiency gains. CRM shares saw a 3.46% increase to $302.99.

Portfolio Pulse from Anusuya Lahiri

February 26, 2024 | 5:45 pm

SQ

Block shares are trading lower, potentially due to a pullback after last week's gains following the Q4 earnings report.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 5:37 pm

ASAN

B of A Securities analyst Michael Funk initiated coverage on Asana Inc (NYSE:ASAN) with a Buy rating and a price target of $25. Funk highlights Asana's potential for near-term growth despite expected choppiness in key metrics as it expands its enterprise market focus. He anticipates a shift in revenue towards enterprise customers, leading to improved retention, ARPU/ACV, and expansion momentum. Despite challenges faced in 2023, Funk expects key metrics to bottom in the first half of CY2024 and projects higher revenues for fiscal 2025 and 2026. Asana's focus on profitability and positive free cash flow by the end of 2024 is also emphasized. ASAN shares rose 5.94% to $19.01.

Portfolio Pulse from Anusuya Lahiri

February 26, 2024 | 5:33 pm

RIVN

Rivian Automotive's stock is experiencing an uptick, potentially rebounding from last week's decline. This drop was attributed to mixed Q4 financial results and a workforce reduction announcement.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 5:31 pm

CLEU

JFBR

LI

SNBR

TRNR

In Monday's intraday session, 11 consumer discretionary stocks showed significant movement. Notably, Interactive Strength and Sleep Number saw substantial gains, with increases of 41.0% and 18.7% respectively, attributed to recent earnings reports. Li Auto also rose by 15.77% following its Q4 earnings release. Conversely, China Liberal Education and Jeffs Brands were among the top losers, with declines of 11.0% and 10.17% respectively.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 5:31 pm