Streetbeat News

Earnings

MYTE

MYT Netherlands Parent (NYSE:MYTE) is set to release its latest quarterly earnings report on September 14, 2023. Analysts estimate an earnings per share (EPS) of $0.03. The company's past performance shows a trend of share price drops following earnings reports, despite beating EPS estimates. The stock is currently trading at $3.76, down 68.76% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 2:01 pm

CPRT

Copart (NASDAQ:CPRT) is set to release its latest quarterly earnings report on September 14, 2023. Analysts estimate an earnings per share (EPS) of $0.32. The company's past performance shows a trend of beating EPS estimates, which has often led to an increase in share price. Currently, shares are trading at $44.22, up 60.82% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 2:00 pm

LEN

Lennar (NYSE:LEN) is set to release its latest quarterly earnings report on September 14, 2023. Analysts estimate an earnings per share (EPS) of $3.51. The company's past performance shows a trend of beating EPS estimates, which has generally led to an increase in share price. Lennar's shares were trading at $116.51 as of September 12, and have seen a 57.04% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 2:00 pm

ADBE

Adobe (NASDAQ:ADBE) is set to release its latest quarterly earnings report on September 14, 2023. Analysts estimate an earnings per share (EPS) of $3.98. Adobe's stock price often reacts more to the company's guidance than to whether it beats or misses earnings estimates. Last quarter, Adobe beat EPS estimates by $0.12, leading to a 0.87% increase in the share price the next day. Adobe's shares were trading at $542.21 as of September 12, and are up 79.47% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 2:00 pm

AAL

SAVE

American Airlines Group (AAL) and Spirit Airlines Inc (SAVE) have lowered their Q3 2023 profit outlook due to increased expenses, primarily fuel costs. AAL expects fuel costs between $2.90 and $3.00 per gallon, up from the previous estimate of $2.55 to $2.65. Spirit Airlines now anticipates fuel costs to be $3.60, up from the previously estimated $2.80. Both airlines' shares are trading lower in premarket on Wednesday.

Portfolio Pulse from Akanksha Bakshi

September 13, 2023 | 1:51 pm

ORCL

Oracle Corporation (NYSE:ORCL) released mixed Q1 results with a revenue of $12.45 billion, up 9% YoY, slightly below the market estimate of $12.46 billion. Adjusted EPS was $1.19, beating the consensus estimate of $1.15. Several analysts adjusted their price targets for Oracle following the results. The company offers an annual dividend yield of 1.27%, which equates to a quarterly dividend of $0.40 per share. To earn $500 per month from dividends, an investment of approximately $411,038 or around 3,750 shares is needed.

Portfolio Pulse from Lisa Levin

September 13, 2023 | 1:05 pm

REVG

REV Group, Inc. (NYSE:REVG) reported a 14.3% YoY sales growth in Q3 FY23 to $680 million, beating the consensus of $627.16 million. Adjusted EPS of $0.35 also beat the consensus of $0.23. The company's backlog increased to $4.136 billion, compared with $3.936 billion a year ago. REV Group declared a quarterly cash dividend of $0.05 per share. The company increased its FY23 outlook, expecting sales in the range of $2.55 billion-$2.6 billion and adjusted EBITDA of $135 million-$145 million.

Portfolio Pulse from Nabaparna Bhattacharya

September 13, 2023 | 12:53 pm

AES

MSEX

PCYO

The article lists the top 3 oversold stocks in the utilities sector, which are Middlesex Water Company (MSEX), The AES Corporation (AES), and Pure Cycle Corporation (PCYO). These companies have an RSI value below 30, indicating they may be undervalued. MSEX and AES reported disappointing quarterly results, while PCYO announced the appointment of a new CFO.

Portfolio Pulse from Lisa Levin

September 13, 2023 | 12:51 pm

ORCL

Oracle Corporation (NYSE:ORCL) shares traded lower after mixed first-quarter financial results. The company reported a revenue of $12.45 billion, up 9% year-over-year, slightly below the market estimate of $12.46 billion. Adjusted earnings per share of $1.19 beat the consensus estimate of $1.15. Oracle's stock is expected to move lower through the September expiration.

Portfolio Pulse from Lisa Levin

September 13, 2023 | 12:28 pm

REVG

REV Group reported better-than-expected Q3 financial results and raised its FY23 net sales guidance above estimates, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 12:19 pm