Streetbeat News

Earnings

GOOS

Canada Goose Holdings Inc. (NYSE:GOOS) reported a 6% year-over-year revenue growth for Q3 FY24, with a notable 14% increase in DTC revenue and a 62% revenue surge in Asia Pacific. Despite missing analyst revenue expectations in USD terms, the company saw gross profit grow by 8% and adjusted EPS increase. The company has adjusted its FY24 revenue and EPS guidance upwards, leading to a 2% rise in its stock price.

Portfolio Pulse from Nabaparna Bhattacharya

February 01, 2024 | 4:33 pm

LVS

Deep-pocketed investors have shown a bearish sentiment towards Las Vegas Sands (LVS) based on unusual options activity detected by Benzinga. The activity includes 9 significant options trades with a mixed sentiment, but a majority leaning bearish. The targeted price range for LVS is between $30.0 to $60.0. The largest trades include both bearish and bullish calls with varying expiration dates and strike prices. Las Vegas Sands, a major operator of integrated resorts primarily in Asia, has seen its stock price increase by 2.11% to $49.95, with a potential overbought RSI indication.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 4:31 pm

PTSI

P.A.M. Transportation (PTSI) reported Q4 2023 adjusted EPS of $(0.10), missing the $0.20 estimate, with sales of $180.20M also missing the $196.60M estimate. This represents an 11.43% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 4:22 pm

MTH

Meritage Homes' shares are trading lower despite the company reporting better-than-expected Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 4:21 pm

TT

Trane Technologies' shares surged following the announcement of Q4 adjusted EPS results that exceeded expectations, along with the issuance of optimistic FY24 guidance.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 4:21 pm

BOOT

Boot Barn shares are trading higher following the announcement of mixed Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 4:20 pm

PTON

Peloton Interactive Inc (NASDAQ:PTON) shares plummeted after reporting mixed Q2 financial results and projecting Q3 2024 revenue below expectations. Sales decreased 6% Y/Y to $743.6 million, slightly above consensus, but EPS loss was $(0.54), missing the consensus loss of $(0.53). Membership and app subscriptions declined, while gross profit increased 27% due to connected fitness products. Operating expenses dropped 14%, and adjusted EBITDA loss improved. Peloton's cash position remains strong at $798.1 million. The company anticipates lower FY24 revenue than consensus and expects positive free cash flow in Q4 2024, missing the full-year goal. Shares fell 23.2% to $4.269.

Portfolio Pulse from Lekha Gupta

February 01, 2024 | 4:18 pm

KLIC

Kulicke & Soffa's shares dropped following the announcement of mixed financial results for the first quarter.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 4:18 pm

KMI

Kinder Morgan Inc. (NYSE:KMI) experienced a 0.18% drop in its stock price, trading at $16.89. Over the past month and year, the stock has decreased by 5.06% and 6.78%, respectively. Its P/E ratio of 15.52 is lower than the industry average of 23.48, suggesting it might be undervalued or expected to underperform compared to its peers in the Oil, Gas & Consumable Fuels industry. Investors are advised to consider the P/E ratio alongside other financial metrics and qualitative analysis for a comprehensive investment decision.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 4:15 pm

WOLF

Wolfspeed shares are trading lower following the announcement of their Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 4:11 pm