Streetbeat News

Earnings

RGF

The Real Good Food (NASDAQ:RGF) is set to release its latest quarterly earnings report on August 11, 2023. Analysts estimate an earnings per share (EPS) of $-0.21. The company's past performance shows a trend of missing EPS estimates, which has generally led to a drop in share price. The stock is currently trading at $4.1, down 39.57% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 3:01 pm

CGC

Canopy Growth reported its Q1 financial results, which led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 3:00 pm

DCBO

Docebo Inc reported Q2 FY23 revenue growth of 24.8% YoY to $43.59 million, beating the consensus of $43.03 million. Subscription revenue was $40.8 million, representing 94% of total revenue. Adjusted EPS improved to $0.14 from $(0.02), beating the consensus of $0.08. For Q3, Docebo expects total revenue of $45.9 million-$46.1 million versus consensus of $45.41 million.

Portfolio Pulse from Akanksha Bakshi

August 10, 2023 | 2:57 pm

AAPL

AMZN

GOOG

META

MSFT

NVDA

QQQ

SPY

TSLA

The stock market pulled back from the mini resistance zone due to signs that the AI frenzy is breaking. This was triggered by earnings from Super Micro Computer Inc (SMCI) which showed that it was not selling as many AI servers as investors had hoped for, causing a sell-off in NVIDIA Corp (NVDA). Money flows are negative in NVDA but positive in Amazon.com, Inc. (AMZN), Microsoft Corp (MSFT), Alphabet Inc Class C (GOOG), Meta Platforms Inc (META), Tesla Inc (TSLA), and Apple Inc (AAPL). Money flows are also positive in SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1.

Portfolio Pulse from The Arora Report

August 10, 2023 | 2:55 pm

HBI

HanesBrands Inc reported a 5% YoY decline in Q2 2023 sales to $1.44 billion, missing the analyst consensus estimate of $1.46 billion. The company's Innerwear sales increased 3% YoY, while Activewear sales declined 19%. Global Champion brand sales decreased 16%. The company's gross margin contracted 430 basis points YoY to 33.5%. HanesBrands expects 2023 sales of $5.8 billion to $5.9 billion, lower than the estimate of $6.05 billion. HBI shares are trading lower by 3.1%.

Portfolio Pulse from Shivani Kumaresan

August 10, 2023 | 2:53 pm

HCANF

Halo Collective Inc. reported a 32% decrease in FY22 revenue to $24.5M, compared to $36.2M in FY21. Despite the decline, the company saw improvements in gross profit and margins. The decrease in revenue was primarily attributed to pricing challenges in the cannabis markets of Oregon and California. The company is focusing on optimizing operations and product mix to drive long-term growth.

Portfolio Pulse from Vuk Zdinjak

August 10, 2023 | 2:53 pm

ASB

CMA

HSBC

OPHC

VBFC

The article identifies five value stocks in the financial services sector: Comerica (CMA), Village Bank & Trust Finl (VBFC), Associated Banc (ASB), HSBC Holdings (HSBC), and OptimumBank Hldgs (OPHC). All these companies have low P/E multiples, indicating they may be undervalued. However, all of them have also reported a decrease in earnings per share and dividend yield in the most recent quarter.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 2:49 pm

TAST

Carrols Restaurant Group, Inc. (NASDAQ:TAST) reported Q2 FY23 sales growth of 9.8% YoY to $485.22 million, beating the consensus of $475.23 million. Adjusted EPS of $0.27 beat the analyst consensus of $0.02. The company's Burger King and Popeyes restaurants saw comparable sales increase by 10.4% and 11.6% respectively. The company's net debt totaled $435.89 million at the end of the quarter.

Portfolio Pulse from Nabaparna Bhattacharya

August 10, 2023 | 2:46 pm

CLSK

CleanSpark, Inc. (NASDAQ:CLSK) reported Q3 losses of 12 cents per share, beating the analyst consensus estimate of a loss of 17 cents per share. However, the company missed the analyst consensus estimate of $45.71 million in sales, reporting $45.52 million instead. CleanSpark's CEO announced that the company operates over 9 EH/s of efficient computing power and has over $90 million in cash and almost 1,200 bitcoins on its balance sheet. HC Wainwright & Co. analyst Mike Colonnese maintained a Buy rating on CleanSpark and raised the price target from $12 to $14.

Portfolio Pulse from Erica Kollmann

August 10, 2023 | 2:41 pm

CLSK

Cleanspark reported better-than-expected Q3 EPS results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 2:41 pm