Streetbeat News

Earnings

SONO

Sonos shares have risen following the announcement of financial results that surpassed expectations, coupled with the news of a share buyback program.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 4:03 pm

BBWI

Bath & Body Works Inc (NYSE:BBWI) reported a slight decline in Q3 FY23 sales but beat the analyst EPS estimate. Sales decreased by 2.7% Y/Y to $1.562 billion, with a marginal beat over the consensus estimate of $1.560 billion. Adjusted EPS was $0.48, surpassing the $0.35 estimate. The company announced a regular quarterly dividend of $0.20 per share. However, the Q4 outlook is weaker than expected, with projected sales decline and EPS below consensus, leading to a 5.03% drop in BBWI shares to $30.67.

Portfolio Pulse from Shivani Kumaresan

November 16, 2023 | 4:03 pm

CDNS

The article provides a competitor analysis of Cadence Design Systems (CDNS) against its peers in the Software industry. It evaluates financial metrics like P/E, P/B, P/S ratios, ROE, EBITDA, gross profit, and revenue growth. CDNS shows potential undervaluation based on P/E, overvaluation on P/B and P/S, higher ROE than the industry average, lower EBITDA and gross profit, and strong revenue growth. The company also has a favorable debt-to-equity ratio compared to its top 4 peers.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 4:00 pm

ARM

ARM Holdings (NASDAQ:ARM) is analyzed in comparison to its competitors in the Semiconductors & Semiconductor Equipment industry. ARM's financial metrics show a high P/E, P/B, and P/S ratios, indicating a premium valuation. However, its ROE is negative, and EBITDA is lower than the industry average, suggesting potential inefficiencies. Despite this, ARM's revenue growth outperforms the industry average. ARM's lower debt-to-equity ratio suggests a stronger financial position relative to its top 4 peers.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 4:00 pm

WSM

Williams-Sonoma's stock is trading higher following the release of their third-quarter adjusted EPS, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 3:58 pm

ATAT

Atour Lifestyle Holdings Ltd (NASDAQ:ATAT) reported a 93.1% year-on-year increase in Q3 FY23 sales, reaching RMB1.294 billion ($177 million). The company's hotel operations expanded with 1,112 hotels and 128,681 rooms, an increase of over 25% Y/Y. The average daily room rate and occupancy rate both surpassed 2019 levels. Operating income rose by 130% Y/Y to RMB 341.3 million ($46.8 million), and operating cash flow was RMB 543.1 million ($74.4 million). The company's cash reserves stood at RMB2.2 billion ($301 million), and EPS was RMB0.63 ($0.09). Despite the positive financial results, ATAT shares dropped by 4.84% to $18.66.

Portfolio Pulse from Shivani Kumaresan

November 16, 2023 | 3:49 pm

BABA

JD

JD.Com Inc (NASDAQ:JD) shares dropped 5.3% to $27.07, influenced by Alibaba Group Holding Ltd - ADR (NYSE:BABA) after it reported Q2 financial results. Despite Alibaba's revenue and earnings surpassing estimates, news of Jack Ma's family trust planning to sell 10 million Alibaba shares may signal concerns about the e-commerce sector's health, impacting JD.Com's stock.

Portfolio Pulse from Henry Khederian

November 16, 2023 | 3:35 pm

NICE

NICE Ltd. shares are up following the release of their Q3 financial results, which exceeded expectations. Additionally, the company has provided FY23 adjusted EPS guidance that surpasses analyst estimates. To further boost shareholder value, NICE has announced a $300 million share repurchase program.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 3:17 pm

EPD

Enterprise Prods Partners Inc. (NYSE:EPD) shares dropped slightly by 0.04% and have decreased by 4.82% over the past month, despite a 5.04% increase over the past year. Investors are encouraged to consider the company's lower P/E ratio in comparison to the industry average, which may suggest undervaluation or weaker growth prospects.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 3:15 pm

NYCB

ZION

Zions Bancorp (NASDAQ:ZION) is distributing a dividend of $0.41 per share with an annualized yield of 5.39%. The dividend went ex-dividend on November 8, 2023. The company has shown a positive trend in dividends per share, increasing from $1.28 in 2019 to $1.58 in 2022, and earnings per share growth from $4.28 to $5.30 over the same period. New York Community (NYSE:NYCB) has the highest annualized dividend yield in the industry at 7.28%.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 3:05 pm