Streetbeat News

Earnings

KMX

CarMax (NYSE:KMX) reported Q2 earnings of $0.75 per share, missing the analyst consensus estimate of $0.78 by 3.85%. This is a 5.06% decrease from the same period last year. The company's quarterly sales were $7.07 billion, beating the analyst consensus estimate of $7.03 billion by 0.61%. This is a 13.16% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 10:53 am

ACN

Accenture has projected its Q1 2024 revenues to be between $15.85 billion and $16.45 billion, a -2% to 2% change in local currency. This estimate includes a positive 2.5% foreign-exchange impact compared to Q1 2023.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 10:52 am

ACN

Accenture's Q4 new bookings have been reported at $16.6 billion, marking a 10% decrease year-over-year in both USD and local currency.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 10:49 am

ACN

Accenture (NYSE:ACN) reported Q4 adjusted earnings of $2.71 per share, beating the analyst consensus estimate of $2.66 by 1.88%. This is a 4.23% increase from the same period last year. However, the company's quarterly sales of $15.98 billion missed the analyst consensus estimate of $16.07 billion by 0.53%, though it's a 3.64% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 10:46 am

PM

Philip Morris International Inc (PM) has provided growth expectations for 2024-2026 at its 2023 Investor Day. The company expects 6-8% compound annual growth for organic net revenue, 8-10% for adjusted operating income, and 9-11% for adjusted EPS. PM targets its heated tobacco unit shipment volume of 180 to 200 billion units and nicotine pouch shipment volume of 800 million to 1 billion cans by 2026. The company aims to generate over two-thirds of its net revenues from smoke-free products by 2030.

Portfolio Pulse from Lekha Gupta

September 28, 2023 | 10:21 am

RNLX

Renalytix (NASDAQ:RNLX) reported a smaller than expected quarterly loss of $(0.56) per share, beating the analyst consensus estimate of $(0.57) by 1.75 percent. However, the company's quarterly sales of $3.40 million missed the analyst consensus estimate of $3.62 million by 5.99 percent.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 10:07 am

DEO

Diageo's CEO has stated that the company is well-positioned to deliver its medium-term guidance for FY 23 to FY 25, with organic net sales growth consistently in the range of 5% to 7% and organic operating profit growth sustainably in the range of 6% to 9%.

Portfolio Pulse from Charles Gross

September 28, 2023 | 9:05 am

ACN

JBL

JEF

MU

NKE

Accenture, Micron Technology, Jabil Inc., Jefferies Financial Group, and NIKE are the stocks to watch heading into Thursday. Accenture and Jabil are expected to report their earnings before the opening bell, while NIKE is expected to report after the closing bell. Micron Technology posted upbeat Q4 results but expects a wider than expected loss for Q1. Jefferies Financial Group posted weaker-than-expected earnings for its Q3.

Portfolio Pulse from Lisa Levin

September 28, 2023 | 8:08 am

PM

Philip Morris has provided its 2024-2026 compound annual growth outlook, targeting 8%-10% for adjusted operating income on an organic basis. The company also expects its heated tobacco unit shipment volume to reach 180-200 billion units and nicotine pouch shipment volume to reach 800 million-1 billion cans by 2026. It anticipates ZYN to drive double-digit net revenue and adjusted operating income growth for its overall U.S. operations over the 2024-2026 period, including the impact of IQOS investments. The company aims to have over two-thirds of its total net revenues come from smoke-free products by 2030.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 7:45 am

ACN

COST

JBL

MU

NKE

US stocks closed mixed with the Dow Jones Industrial Average moving lower and the CNN Money Fear and Greed index moving to the 'Extreme Fear' zone. Investors are concerned about the Federal Reserve's commitment to keeping interest rates high. Costco Wholesale Corporation and Micron Technology, Inc. reported better-than-expected earnings for Q4. Investors are awaiting earnings results from Accenture plc, Jabil Inc., and NIKE, Inc.

Portfolio Pulse from Lisa Levin

September 28, 2023 | 7:15 am