Streetbeat News

Earnings

WSM

Williams-Sonoma forecasts a 10-12% decline in revenue for FY23 and anticipates an operating margin between 16-16.5%.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 2:03 pm

WSM

Williams-Sonoma reported Q3 earnings with a Non-GAAP EPS of $3.66, beating the estimate of $3.35. However, revenues fell short at $1.854B compared to the expected $1.957B.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 2:02 pm

DXLG

Destination XL Group (NASDAQ:DXLG) is scheduled to release its quarterly earnings report on Friday, 2023-11-17, with analysts expecting an EPS of $0.07. Investors are looking for an earnings beat and positive guidance for future growth. Historically, DXLG's stock price has shown varied reactions to past earnings results. The stock is currently trading at $4.78, down 27.69% over the last 52 weeks, indicating a bearish sentiment among long-term shareholders ahead of the earnings release.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 2:00 pm

CINT

CI&T (NYSE:CINT) is scheduled to release its quarterly earnings report on Friday, 2023-11-17, with analysts expecting an EPS of $0.07. Investors are looking for an earnings beat and positive guidance for future growth. CI&T's stock performance has been negative over the last year, with a 17.79% decline. Past earnings have shown mixed results with both beats and misses, and varied stock price reactions.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 2:00 pm

BJ

BJ's Wholesale Club (NYSE:BJ) is expected to release its quarterly earnings report on Friday, 2023-11-17, with an estimated EPS of $0.96. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, BJ's has had mixed reactions to earnings reports, with minor share price changes following the announcements. Shares are currently trading at $71.43, down 3.7% over the last year. The upcoming earnings report could influence investor sentiment, especially regarding future guidance.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 2:00 pm

ATKR

Atkore (NYSE:ATKR) is scheduled to release its quarterly earnings report on Friday, 2023-11-17, with analysts expecting an EPS of $4.08. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, Atkore's stock price has shown mixed reactions to earnings reports, with a notable 15.29% increase in Q4 2022 but decreases in subsequent quarters despite EPS beats. Shares are currently trading at $136.22, up 17.43% over the last 52 weeks, indicating a bullish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 2:00 pm

PANW

Palo Alto Networks Inc (NASDAQ:PANW) stock declined despite reporting Q1 revenue and EPS that beat estimates, with revenues up 20% YoY. The company provided Q2 and full-year 2024 guidance that was mostly in line with estimates. Needham and Raymond James analysts maintained positive ratings on PANW, with Raymond James raising its price target.

Portfolio Pulse from Adam Eckert

November 16, 2023 | 1:56 pm

AROW

CAC

ML

NECB

VEL

Five financial stocks with high RSI values, indicating potential overbought conditions, experienced price declines on Nov. 16, 2023. Velocity Financial, Inc. (VEL) reported strong quarterly results but saw a 14.1% drop in share price. MoneyLion Inc. (ML) had downbeat sales yet reached a record quarter, with shares falling 7.6%. Arrow Financial Corporation (AROW) showed substantial loan growth and fell 3.1%. Northeast Community Bancorp, Inc. (NECB) reported strong earnings with a 2.5% decline in shares. Camden National Corporation (CAC) had downbeat results and a 1.8% drop in share price.

Portfolio Pulse from Lisa Levin

November 16, 2023 | 1:49 pm

APLM

BABA

CSCO

Apollomics Inc. (APLM) shares surged 127% after announcing the first approval of Vebreltinib for MET Exon 14 Skip Non-Small Cell Lung Cancer. Cisco Systems, Inc. (CSCO) shares fell 16% following a cut in FY24 guidance and Q2 adjusted EPS and revenue guidance below estimates. Alibaba Group Holding Limited (BABA) shares dropped 9% after reporting Q2 financial results.

Portfolio Pulse from ryanfaloona@benzinga.com

November 16, 2023 | 1:45 pm

SOUN

SoundHound AI Inc (NASDAQ:SOUN) shares dropped after the company announced it could not file its quarterly report for Q3 due to immaterial accounting errors related to historical financing transactions. The company also expects to report material weaknesses in its internal control over financial reporting. This follows a recent rally where the stock rose approximately 28% after preliminary Q3 results beat estimates.

Portfolio Pulse from Adam Eckert

November 16, 2023 | 1:40 pm