Streetbeat News

Earnings

FDX

FedEx (NYSE:FDX) is set to release its latest quarterly earnings report on September 20, 2023. Analysts estimate an earnings per share (EPS) of $3.74. The company's past performance shows a mixed impact on the share price post-earnings release. FedEx shares were trading at $249.3 as of September 18, with a 61.61% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 2:00 pm

IONQ

IonQ has an option alert for Friday $16.5 calls at the ask price of $0.75 for 1500 shares, compared to an open interest of 1233. The company is expected to release its earnings on November 13 after market close. The reference price is $16.2119.

Portfolio Pulse from Charles Gross

September 19, 2023 | 1:39 pm

SOFI

SoFi Techs has seen a significant option alert with a sweep of 3018 Friday $9 calls near the ask price of $0.111. This is compared to an open interest of 18723. The company is expected to announce earnings on 10/31 before the market opens. The reference price is $8.76.

Portfolio Pulse from Charles Gross

September 19, 2023 | 1:33 pm

DAVA

Endava Plc (DAVA) reported Q4 FY23 revenue growth of 5.2% YoY to $237.52 million, beating the consensus of $233.43 million. Adjusted EPS was $0.71, also beating the consensus of $0.56. However, the company's Q1 FY24 revenue and adjusted EPS outlook is lower than consensus estimates, which led to a premarket drop in share price by 11.68%.

Portfolio Pulse from Anusuya Lahiri

September 19, 2023 | 1:21 pm

VITL

Vital Farms (NASDAQ:VITL) has updated its long-term financial targets, setting a $1B net revenue target for 2027. The company maintains its 2023 net revenue and adjusted EBITDA forecast. The company's CEO, Russell Diez-Canseco, expressed confidence in the company's growth potential and plans for expansion. The company's guidance assumes no significant disruptions to the supply chain or its customers.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 1:20 pm

AMAT

Applied Materials, Inc. (AMAT) shares have dropped by about 4% amid recent volatility in semiconductor and chip stocks. This is due to Taiwan Semiconductor Manufacturing Company (TSMC) reportedly telling its suppliers to postpone the delivery of high-end chipmaking equipment due to demand uncertainty. As a major supplier of such equipment, Applied Materials' revenue and earnings could be directly affected if TSMC delays or postpones orders.

Portfolio Pulse from Henry Khederian

September 19, 2023 | 1:10 pm

DAVA

Endava reported its Q4 financial results and issued guidance, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 1:07 pm

APOG

Apogee Enterprises, Inc. (NASDAQ:APOG) reported a Q2 FY24 sales decline of 5% Y/Y to $353.675 million, missing the consensus of $372.01 million. However, adjusted EPS rose 28% Y/Y to $1.36, above the consensus of $1.12. The company also raised its FY24 adjusted EPS outlook to $4.35-$4.65 from $4.15-$4.45. APOG shares are trading higher by 4.26% to $51.41 premarket.

Portfolio Pulse from Nabaparna Bhattacharya

September 19, 2023 | 1:02 pm

MOB

NIO

RKLB

Mobilicom secured an initial order from one of Europe's largest defense contractors, causing its shares to rise by 27%. Rocket Lab USA shares fell by 29% after technical issues led to the postponement of its next mission and a revision of its Q3 guidance. NIO shares dropped by 6% following the announcement of a proposed offering of $1 billion convertible senior notes.

Portfolio Pulse from ryanfaloona@benzinga.com

September 19, 2023 | 12:46 pm

AZO

AutoZone Inc reported Q4 FY23 sales growth of 6.4% year-on-year to $5.69 billion, beating the analyst consensus of $5.61 billion. EPS of $46.46 also beat the consensus of $45.12. The company saw a 1.7% increase in domestic same-store sales and a 34.1% increase in international sales. Gross margin expanded to 52.7% and operating income climbed 10.8% Y/Y to $1.2 billion. AutoZone opened 53 new stores in the U.S. in the quarter, bringing the total store count to 7,140. The company had $1.8 billion remaining under its share repurchase authorization at year end.

Portfolio Pulse from Shivani Kumaresan

September 19, 2023 | 12:42 pm