Streetbeat News

Earnings

APOG

Apogee Enterprises reported Q2 earnings of $1.36 per share, beating the analyst consensus estimate of $1.12 by 21.43%. However, the company's quarterly sales of $353.67 million missed the analyst consensus estimate of $372.01 million by 4.93%. This represents a 4.96% decrease over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 10:09 am

SNV

Synovus Financial Corp expects a charge-off of approximately $23M in Q3 due to its 10.75% participation in a $218.5M nationally syndicated credit.

Portfolio Pulse from Charles Gross

September 19, 2023 | 10:07 am

ACB

APOG

AZO

DAVA

RCAT

SCS

Several companies are scheduled to report their earnings on September 19, 2023. These include AutoZone, Endava, Apogee Enterprises, Red Cat Hldgs, Steelcase, and Aurora Cannabis. The earnings per share and revenue projections for each company are provided.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 9:59 am

APOG

AZO

SCS

SFIX

AutoZone, Stitch Fix, Apogee Enterprises, United States Steel Corporation, and Steelcase are the stocks to watch on Tuesday. AutoZone is expected to report quarterly earnings of $45.18 per share on revenue of $5.62 billion and announced leadership changes. Stitch Fix reported a wider-than-expected loss for its fourth quarter, while sales topped estimates. Apogee Enterprises is expected to have earned $1.12 per share on revenue of $372.01 million. United States Steel Corporation issued an upbeat profit forecast for the current quarter. Steelcase is expected to post quarterly earnings at 20 cents per share on revenue of $828.82 million.

Portfolio Pulse from Lisa Levin

September 19, 2023 | 8:17 am

DAVA

Endava plc (NYSE:DAVA) is expected to report lower Q4 earnings at 56 cents per share, down from 61 cents per share a year ago. The company's revenue might be $233.43 million, up from $217.44 million in the year-ago period. Endava shares fell 2.3% to close at $51.00 on Monday. Analysts from Morgan Stanley, Deutsche Bank, Citigroup, and Wedbush have recently adjusted their price targets for the company.

Portfolio Pulse from Lisa Levin

September 19, 2023 | 6:45 am

ISPR

Ispire Technology (NASDAQ:ISPR) reported a 200% increase in quarterly losses to $(0.12) per share from $(0.04) per share YoY. However, the company's sales increased by 31.21% to $115.60 million from $88.10 million YoY.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 5:37 am

GHG

GreenTree Hospitality Gr (NYSE:GHG) reported a 20% increase in quarterly earnings YoY, with EPS of $0.18, up from $0.15. Sales also increased by 60.40% YoY, reaching $109.53M from $68.28M.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 4:44 am

LGND

Ligand Pharmaceuticals has increased its FY23 adjusted EPS outlook from $4.85-$5.00 to $5.10-$5.25, surpassing the estimated $4.98.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 9:23 pm

ICMB

Investcorp Credit Management Bdc, Inc. (ICMB) announced its Q2 2023 financial results, with a net asset value per share of $6.09, a decrease from $6.13 in Q1 2023. The company's board declared a distribution of $0.12 per share and a supplemental distribution of $0.03 per share for Q3 2023. ICMB made investments totaling $15.1 million in new and existing portfolio companies, and realized $8.66 million from one portfolio company. The weighted average yield on debt investments for Q2 was 12.45%, down from 13.36% in Q1.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 8:38 pm

SFIX

Stitch Fix, Inc. (NASDAQ:SFIX) reported Q4 losses of 24 cents per share, missing the analyst consensus estimate of losses of 21 cents. However, the company's quarterly sales of $375.80 million beat the analyst consensus estimate of $371.36 million. The company also reported a decrease of 13% year-over-year in active clients for the full-year 2023. The company issued first-quarter U.S. net revenue guidance in a range between $355 million and $365 million, and U.S. full-year 2024 net revenue is anticipated to be between $1.3 billion and $1.37 billion.

Portfolio Pulse from Ryan Gustafson

September 18, 2023 | 8:31 pm