Streetbeat News

Earnings

HEI

Heico (NYSE:HEI) reported Q3 earnings of $0.74 per share, beating the analyst consensus estimate of $0.72 by 2.78%. This is a 23.33% increase from the same period last year. The company also reported quarterly sales of $722.90 million, beating the analyst consensus estimate of $701.71 million by 3.02%. This is a 26.93% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2023 | 8:16 pm

AFYA

Afya (NASDAQ:AFYA) reported Q2 sales of $143.88 million, beating the analyst consensus estimate of $142.22 million by 1.17 percent. This represents an 18.02 percent increase over sales of $121.91 million in the same period last year.

Portfolio Pulse from Happy Mohamed

August 28, 2023 | 8:11 pm

LFVN

Lifevantage reported Q4 earnings of $0.17 per share, a 1600% increase YoY. The company also reported sales of $54.20M, a 6.39% increase YoY.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2023 | 8:06 pm

GDEV

GDEV (NASDAQ:GDEV) reported Q2 sales of $115.00 million, a decrease of 8.56% from $125.77 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2023 | 8:06 pm

DRTS

Alpha Tau Medical has announced its Q2 2023 financial results, revealing that the company had cash, restricted cash, and deposits amounting to $94.4M as of June 30, 2023.

Portfolio Pulse from Happy Mohamed

August 28, 2023 | 8:03 pm

DG

DLTR

FIVE

Discount retailers Five Below Inc (NASDAQ:FIVE) and Dollar General (NYSE:DG) are set to report their Q2 earnings, aiming to emulate Dollar Tree's (NASDAQ:DLTR) recent beat of analysts’ estimates. Analysts expect Five Below to report revenue of $758.3 million and earnings per share of 83 cents. Dollar General is expected to report revenue of $9.9 billion and earnings per share of $2.46. Both companies have had mixed results in beating revenue and earnings estimates in recent quarters.

Portfolio Pulse from Chris Katje

August 28, 2023 | 8:01 pm

QSR

Oppenheimer analyst Brian Bittner has reiterated an Outperform rating on Restaurant Brands International Inc. (NYSE:QSR) with a price target of $83. Bittner is optimistic about higher near-term same-store sales (SSS) forecasts following Q2's strong results. He believes that Restaurant Brands' fully franchised model carries minimal earnings risk to cost inflation and drives global unit growth to >5% algorithm. However, the Canadian dollar fx headwind of ~2.5% relative to end of Q2 overly impacts QSR with ~52% of revenue from Canada. Also, Q3 interest rates to-date are up 43bps vs. Q2, which impacts ~20% of QSR's debt that is floating-rate.

Portfolio Pulse from Nabaparna Bhattacharya

August 28, 2023 | 7:14 pm

AGIL

GDC

HE

HT

IDEX

NVCR

U.S. stocks traded higher with the Dow Jones gaining over 100 points. Real estate shares jumped by 0.9%. Hawaiian Electric Industries, Inc. (NYSE:HE) shares shot up 40% after the company responded to a lawsuit filed by the County of Maui. GD Culture Group Limited (NASDAQ:GDC) shares rose 43% after announcing the launch of a live-streaming e-commerce business on TikTok. Hersha Hospitality Trust (NYSE:HT) shares gained 56% after announcing a merger with KSL Capital Partners LLC. AgileThought, Inc. (NASDAQ:AGIL) shares dropped 33% after being downgraded from Buy to Sell. NovoCure Limited (NASDAQ:NVCR) shares were down 36% after its Phase 3 trial did not meet its primary endpoint. Ideanomics, Inc. (NASDAQ:IDEX) shares fell 18% after reporting Q2 results.

Portfolio Pulse from Lisa Levin

August 28, 2023 | 7:00 pm

COO

Mizuho analyst Anthony Petrone reiterated a Buy rating on The Cooper Companies, Inc. (NYSE:COO) with a price target of $440. The company is set to report quarterly results on August 30. Petrone sees current levels as an attractive entry point due to the company's potential to benefit from resurgent optometry and women's health volumes. The analyst's estimates for the quarter's revenue/EPS are $896.1 million/$3.34. COO's CooperSurgical (CSI) business represents ~one-third of overall COO revenue, and with the majority of CSI exposed to obstetrics, the analyst forecasts segment growth.

Portfolio Pulse from Nabaparna Bhattacharya

August 28, 2023 | 6:49 pm

PTON

Peloton Interactive Inc's shares have fallen by 19% over the past five sessions due to mixed Q4 results and a decline in Connected Fitness subscribers. The company also issued a soft Q1 revenue guidance. Peloton reported a 5% YoY sales decline in Q4 FY23 to $642.1 million, beating the consensus of $639.9 million. However, EPS loss was $(0.68), missing the consensus loss of $(0.38). The total number of members fell 5% YoY to 6.5 million.

Portfolio Pulse from Henry Khederian

August 28, 2023 | 6:25 pm