Streetbeat News

Earnings

SCHL

Scholastic (NASDAQ:SCHL) is set to announce its latest quarterly earnings report on September 21, 2023. Analysts estimate an earnings per share (EPS) of $-1.20. The company's past performance shows a pattern of beating EPS estimates, which often leads to an increase in share price. However, the stock has been down 3.52% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 2:00 pm

AMZN

PINS

Pinterest (PINS) stock traded higher after executives announced anticipated accelerated year-over-year revenue growth following a slowdown in 2022 and 2023. The company projected a compound annual growth rate in the mid to high teens over the next three to five years. Pinterest also expects its adjusted margin for earnings before interest, taxes, depreciation, and amortization to reach a percentage in the low 30s within the next three to five years. The company's focus has shifted towards collaborating more effectively with retailers, including an advertising partnership with Amazon (AMZN).

Portfolio Pulse from Anusuya Lahiri

September 20, 2023 | 1:33 pm

GIS

General Mills' CFO announced in a conference call that the company does not expect its operating profit margins to improve this year.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 1:25 pm

PINS

Pinterest Inc has announced its financial expectations for Q3 2023, stating that it anticipates being at the high end of the high single-digit range for year-over-year revenue growth. Additionally, the company expects to deliver roughly 400 basis points of adjusted EBITDA margin expansion year over year for the full year 2023.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 1:21 pm

FDX

FedEx Corporation (NYSE:FDX) is set to release its quarterly results on Sept. 20. The options market is implying a move of +/-5.1% by the end of the week following the earnings release. Analysts are expecting FedEx to have earned $3.74 per share on revenue of $21.81 billion for the latest quarter. FedEx shares rose 0.3% to close at $249.99 on Tuesday, and added another 0.2% in today's pre-market trading session.

Portfolio Pulse from Lisa Levin

September 20, 2023 | 1:05 pm

CCLD

CareCloud, Inc. (NASDAQ:CCLD) has reaffirmed its FY23 revenue guidance of $120M-$122M, in line with estimates. The company highlighted its stable core business, significant contract wins, and advancements in AI technology as the foundation for future growth. CareCloud also emphasized its stable financial position, with a $25 million line of credit and compliance with its covenants. The company has a track record of consistent dividend payments and has several alternatives for raising additional capital if needed.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 1:02 pm

SCS

Steelcase Inc. (NYSE:SCS) reported better-than-expected Q2 results with earnings of 31 cents per share, beating market estimates of 20 cents per share. The company's sales were $854.60 million, surpassing expectations of $828.82 million. Steelcase also projected FY24 earnings of 80 to 90 cents per share, higher than market estimates of 67 cents per share. The company offers an annual dividend yield of 4.58%, which is a quarterly dividend amount of $0.10 a share ($0.40 a year).

Portfolio Pulse from Lisa Levin

September 20, 2023 | 12:54 pm

COTY

Coty Inc. (NYSE:COTY) has increased its FY24 forecasts following the successful debut of its Burberry Goddess scent and other releases. The company now expects core LFL sales growth in the first half of FY24 of +10-12%, up from the previous +8-10%. Coty continues to target modest gross margin expansion in FY24 and adjusted EBITDA of approximately $1.075 billion-$1.085 billion. The company's shares are trading higher by 5.48% premarket at $12.10.

Portfolio Pulse from Nabaparna Bhattacharya

September 20, 2023 | 12:47 pm

COTY

Coty Inc. has raised its FY24 outlook, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 12:42 pm

KAVL

Kaival Brands Innovations (NASDAQ:KAVL) reported Q3 losses of $(0.03) per share, a 66.67% improvement from $(0.09) per share YoY. However, the company's quarterly sales of $3.58M missed the analyst consensus estimate of $15.10M by 76.27%, marking a 6.85% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 12:17 pm