Streetbeat News

Earnings

MLKN

MillerKnoll (MLKN) has raised its FY24 EPS guidance to $1.85-$2.15, up from the estimated $1.83. The company also expects Q2 revenue to be between $950M-$990M, with EPS between $0.52-$0.58. This outlook is generally optimistic despite economic uncertainties.

Portfolio Pulse from Happy Mohamed

September 26, 2023 | 8:08 pm

AIR

AAR (NYSE:AIR) reported Q1 earnings of $0.78 per share, beating the analyst consensus estimate of $0.73 by 6.85%. This is a 27.87% increase from the same period last year. The company also reported quarterly sales of $550.00 million, beating the analyst consensus estimate of $505.78 million by 8.74%. This is a 23.24% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 8:06 pm

MLKN

MillerKnoll (NASDAQ:MLKN) reported Q1 earnings of $0.37 per share, beating the analyst consensus estimate of $0.21 by 76.19%. However, this is a 15.91% decrease from the same period last year. The company also reported quarterly sales of $917.70 million, beating the estimate of $899.60 million by 2.01%, but marking a 14.95% decrease from last year.

Portfolio Pulse from Happy Mohamed

September 26, 2023 | 8:06 pm

AMD

Advanced Micro Devices, Inc. (AMD) shares fell by 2.0% amid overall market weakness due to concerns about future rate hikes and lower-than-expected initial jobless claims data. AMD's profitability and valuation could be affected by rising interest rates as it relies on borrowing for research and development and capital investments. Higher interest rates could also reduce consumer spending on technology products, negatively impacting AMD's sales and earnings.

Portfolio Pulse from Henry Khederian

September 26, 2023 | 7:53 pm

DPZ

Oppenheimer analyst Brian Bittner has reiterated an Outperform rating on Domino's Pizza Inc (NYSE:DPZ), raising the price target to $450 from $427. Bittner views DPZ as an under-appreciated revival story into 2024 and has selected it as a top pick. He expects the company to drive positive earnings revisions, validate unit growth restoration, and repair investor sentiment. Bittner anticipates a positive revision cycle to begin in 4Q23 and a healthier algorithm in '24E/25E, with unit growth accelerating to 6%+.

Portfolio Pulse from Nabaparna Bhattacharya

September 26, 2023 | 7:53 pm

STVN

Stephens analyst Jacob Johnson initiated coverage on Stevanato Group SPA (NYSE:STVN) with an Overweight rating and a price target of $33. The analyst sees STVN as an industry leader in the glass containment solutions market and expects its free cash flow (FCF) to turn positive in FY25. Johnson also estimates revenue of €1,098.9 million and adjusted EPS of €0.61 for FY23, and revenue of €1,218.6 million and adjusted EPS of €0.68 for FY24.

Portfolio Pulse from Lekha Gupta

September 26, 2023 | 7:49 pm

THO

Truist Securities analyst Michael Swartz reiterated a Hold rating on Thor Industries Inc (NYSE:THO) and raised the price target from $84 to $86. Thor reported solid FY4Q23 results, with adjusted EPS of $1.68 on revenue of $2.74 billion, beating estimates. The company ended FY4Q with a North American backlog of ~$2 billion. The analyst believes that an anticipated production rebound would likely unfold at a more measured pace due to the ongoing clearance of aged product.

Portfolio Pulse from Shivani Kumaresan

September 26, 2023 | 7:12 pm

INZY

Inozyme Pharma Inc (NASDAQ: INZY) has announced positive interim data from its ongoing Phase 1/2 trials of INZ-701 in adults with ENPP1 Deficiency and ABCC6 Deficiency. The data shows a meaningful reduction of fibroblast growth factor-23 (FGF-23) and an increase in serum phosphate levels. The company also reported upward trends in bone-specific alkaline phosphatase levels and improvements in GIC scores. The data suggests clinical benefits for ENPP1 Deficiency, including improvement in key biomarkers, patient-reported outcomes, and functional outcomes. Following the news, INZY shares are up 10.60% at $4.77.

Portfolio Pulse from Vandana Singh

September 26, 2023 | 6:44 pm

BLNK

Blink Charging Co (NASDAQ:BLNK) has announced a partnership with Parkopedia, integrating over 4,000 EV charging locations in North America into the Parkopedia platform. This will increase the platform's access to around 12,000 public EV chargers. Last month, BLNK reported a Q2 EPS loss of $0.44, beating the analyst consensus estimate of an EPS loss of $0.49. The company also raised its FY23 revenue target to $110 and $120 million.

Portfolio Pulse from Lekha Gupta

September 26, 2023 | 6:34 pm

FEMY

IMVT

NEWP

RNAZ

SLNO

UNFI

US stocks traded lower with the Dow Jones falling more than 400 points and NASDAQ falling 1.48%. United Natural Foods Inc reported mixed results for its fourth quarter, missing sales growth consensus but beating EPS consensus. The company's shares fell by 25%. Soleno Therapeutics, Femasys Inc, and Immunovant saw significant increases in their share prices due to positive news. TransCode Therapeutics and New Pacific Metals Corp saw their shares drop.

Portfolio Pulse from Lisa Levin

September 26, 2023 | 6:26 pm