Streetbeat News

Earnings

STZ

Constellation Brands (NYSE:STZ) is set to release its latest quarterly earnings report on October 5, 2023. Analysts estimate an earnings per share (EPS) of $3.36. The company's stock performance has been generally positive over the last 52-week period, with shares up 7.57%. Last quarter, the company beat EPS estimates by $0.08, which was followed by a 0.0% drop in the share price the next day.

Portfolio Pulse from Benzinga Insights

October 04, 2023 | 2:00 pm

CAG

Conagra Brands (NYSE:CAG) is set to release its latest quarterly earnings report on October 5, 2023. Analysts estimate an earnings per share (EPS) of $0.60. The company's past performance shows a pattern of beating EPS estimates, but this has not always led to a positive impact on the share price. The stock is currently trading at $26.53, down 19.16% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 04, 2023 | 2:00 pm

LEVI

Levi Strauss (NYSE:LEVI) is set to release its latest quarterly earnings report on October 5, 2023. Analysts estimate an earnings per share (EPS) of $0.27. The company's past performance shows a mixed trend of beating EPS estimates but experiencing share price drops. The stock is currently trading at $13.2, down 16.92% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 04, 2023 | 2:00 pm

LW

Lamb Weston Hldgs (NYSE:LW) is set to release its latest quarterly earnings report on October 5, 2023. Analysts estimate an earnings per share (EPS) of $1.08. The company's stock performance has been generally positive over the last 52-week period, with shares up 7.78%. Last quarter, the company beat EPS estimates by $0.17, but this was followed by a 3.09% drop in share price.

Portfolio Pulse from Benzinga Insights

October 04, 2023 | 2:00 pm

F

Ford Motor Co announced strong Q3 vehicle sales results, with total vehicle sales climbing 7.7% YoY and EV sales up 14.8% YoY. Despite the positive results, Ford shares slid 1.08% to $11.94. The company expects further sales increases in Q4, particularly from the F-150 Lightning, and plans to continue adapting its EV offerings to stay competitive.

Portfolio Pulse from Adam Eckert

October 04, 2023 | 1:57 pm

RPM

RPM International Inc's shares are trading higher after the company reported better-than-expected Q1 FY24 results and issued guidance. Q1 sales grew 4.1% Y/Y to $2.01 billion, exceeding the consensus of $1.97 billion. Adjusted EBIT was up 12.3% Y/Y to $309.0 million, aided by higher sales and MAP 2025 benefits. The company returned $66.6 million to stockholders through cash dividends and share repurchases. For FY24, the company reiterated the outlook for sales to increase in the mid-single-digit percentage range and adjusted EBIT to grow in the low-double-digit to mid-teen percentage range.

Portfolio Pulse from Lekha Gupta

October 04, 2023 | 1:55 pm

ACCD

Accolade, Inc. (NASDAQ:ACCD) is set to release its Q2 2024 financial results on Oct. 4, 2023. Analysts predict a quarterly loss of 54 cents per share, compared to a loss of 66 cents per share in the previous year. The company's revenue is expected to be $94.09 million, up from $82.86 million in the year-ago period. Ahead of the earnings call, several analysts have revised their ratings and price targets for ACCD.

Portfolio Pulse from Lisa Levin

October 04, 2023 | 1:46 pm

GM

HMC

RIVN

TM

TSLA

Tesla's Q3 vehicle deliveries slowed down, raising concerns about demand. Rivian topped quarterly delivery estimates, doubling EV production. General Motors, Toyota, and Honda posted stronger-than-expected US auto sales. Tesla reaffirmed its annual target of 1.8 million vehicles. Rivian is on track to make 52,000 EVs this year. General Motors' sales rose 21% YoY, but the impact of the ongoing UAW strike is yet to be seen. Toyota and Honda also reported strong sales growth. The UAW strike could potentially benefit Tesla due to increased costs and wages for other automakers.

Portfolio Pulse from Upwallstreet

October 04, 2023 | 1:35 pm

BUD

TLRY

Tilray Brands (NASDAQ:TLRY) reported Q1 FY2024 results, with net revenue increasing 15% YoY to $177 million and cannabis net revenue up 20% to $70 million. The company's net loss narrowed to $56 million, down from $66 million in the prior year quarter. Tilray also announced it has closed three transactions since the beginning of FY2024, including the acquisition of eight beer and beverage brands from Anheuser-Busch (NYSE:BUD).

Portfolio Pulse from Nina Zdinjak

October 04, 2023 | 1:04 pm

HELE

Helen Of Troy Limited (NASDAQ:HELE) reported a 5.7% YoY decline in Q2 FY24 sales to $491.56 million, beating the analyst consensus estimate of $484.80 million. The decrease was primarily due to lower sales of heaters, fans, and humidification products in Beauty & Wellness. The company also announced that Brian L. Grass will remain as CFO. Despite the sales decline, the company continues to expect FY24 revenue of $1.965 billion - $2.015 billion. HELE shares are trading lower by 6.952% at $105.74 in premarket.

Portfolio Pulse from Shivani Kumaresan

October 04, 2023 | 12:57 pm