Streetbeat News

Earnings

EGAN

eGain Corporation has projected its Q1 2024 earnings per share (EPS) to be between $0.05 and $0.07, which is lower than the estimated $0.06. The company also expects its revenue to be between $23.5M and $24M, lower than the estimated $24.93M.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 8:08 pm

ADBE

Adobe has projected its Q4 adjusted EPS to be between $4.10 and $4.15, higher than the estimated $4.06. The company also expects total revenue to be between $4.975B and $5.025B, slightly below the estimated $5B.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 8:06 pm

ADBE

Adobe (NASDAQ:ADBE) reported Q3 earnings of $4.09 per share, beating the analyst consensus estimate of $3.98 by 2.76 percent. This is a 20.29 percent increase from the same period last year. The company also reported quarterly sales of $4.89 billion, beating the analyst consensus estimate of $4.87 billion by 0.41 percent, a 10.31 percent increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 8:05 pm

EGAN

eGain (NASDAQ:EGAN) reported Q4 earnings of $0.11 per share, beating the analyst consensus estimate of $0.05 by 120%. This is a 266.67% increase from the same period last year. The company also reported quarterly sales of $24.60 million, beating the analyst consensus estimate of $23.71 million by 3.75%. This is a 4.66% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 8:05 pm

HITI

High Tide Inc. reported its Q3 revenue of C$124.4 million, marking a 30% increase year-over-year.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 8:04 pm

HITI

High Tide Inc. reported its Q3 earnings, marking the 14th straight quarter of positive adjusted EBITDA. The company's CEO, Raj Grover, called it the best quarter in High Tide's history. Revenue increased by 30% YoY and 5% sequentially to $91.7 million. Gross profit rose by 34% YoY and 10% QoQ to $34.6 million. The company also announced the launch of Cabanalytics Consumer Insights, a digital publication extending the Cabanalytics business data and insights platform.

Portfolio Pulse from Jelena Martinovic

September 14, 2023 | 8:02 pm

ITB

LEN

Lennar Corporation (NYSE:LEN) is set to release its Q3 earnings report, with analysts expecting an EPS of $3.52, a 32% decline YoY. Despite this, Lennar has been improving its EPS over the past two quarters. Sales for Q3 are estimated at $8.49 billion, a 5% decline YoY. The company has consistently exceeded revenue forecasts in its last six earnings reports. Lennar's stock has increased by 27.7% YTD, slightly underperforming the iShares U.S. Home Construction ETF (NYSE:ITB), which has surged by 36%.

Portfolio Pulse from Piero Cingari

September 14, 2023 | 7:52 pm

BIOL

CMND

FWBI

IBEX

MYTE

PFSW

U.S. stocks traded higher with the Nasdaq Composite gaining more than 100 points. First Wave BioPharma shares spiked 23% after announcing a license agreement for capeserod from Sanofi. PFSweb shares shot up 48% after GXO Logistics announced it will acquire the company. MYT Netherlands Parent B.V. shares gained 13% after reporting Q4 financial results. IBEX Limited shares dropped 25% after reporting worse-than-expected Q4 results and issuing FY24 revenue guidance below estimates. Clearmind Medicine shares were down 57% after announcing pricing of a public offering. BIOLASE shares fell 38% after announcing pricing of a public offering.

Portfolio Pulse from Lisa Levin

September 14, 2023 | 6:30 pm

IBEX

RBC Capital Markets analyst Daniel R. Perlin has downgraded IBEX Limited (NASDAQ:IBEX) to Sector Perform from Outperform, lowering the price target to $18 from $27. This follows a disappointing Q4 for IBEX, with earnings missing estimates due to a challenging macro-environment. The analyst adjusted FY24 revenue and EBITDA estimates to $528 million and $68 million, respectively, lower than previous estimates. IBEX shares are trading lower by 25.10% to $13.60.

Portfolio Pulse from Nabaparna Bhattacharya

September 14, 2023 | 6:22 pm

YUMC

Yum China Holdings Inc (NYSE:YUMC) shares are trading higher after the company announced its refreshed RGM 2.0 strategy, aiming to accelerate network expansion, drive sales growth, and boost profits. The company plans to reach 20,000 stores by 2026 and achieve high-single-to-double-digit CAGR for system sales and operating profit, as well as double-digit EPS CAGR from 2024 to 2026. Yum China also plans to return approximately $3 billion to shareholders through dividends and share repurchases over the next three years.

Portfolio Pulse from Shivani Kumaresan

September 14, 2023 | 6:05 pm