Streetbeat News

Earnings

RH

RH (NYSE:RH) reported Q2 earnings of $3.93 per share, beating the analyst consensus estimate of $2.56 by 53.52%. However, this is a 51.36% decrease from the same period last year. The company also reported quarterly sales of $800.00 million, beating the analyst consensus estimate of $784.90 million by 1.92%, but this is a 19.32% decrease from the same period last year.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 8:06 pm

LMNR

Limoneira (NASDAQ:LMNR) reported Q3 adjusted earnings of $0.02 per share, missing the analyst consensus estimate of $0.15 by 86.67%. This is a decrease from earnings of $0.43 per share from the same period last year. However, the company reported quarterly sales of $52.50 million, beating the analyst consensus estimate of $50.07 million by 4.85%. This is a 10.91% decrease from sales of $58.92 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 8:06 pm

DOCU

DocuSign reported Q2 earnings of $0.72 per share, beating the analyst consensus estimate of $0.66 by 9.09%. This is a 63.64% increase from the same period last year. The company also reported quarterly sales of $687.70 million, beating the analyst consensus estimate of $677.56 million by 1.50%. This is a 10.53% increase from the same period last year.

Portfolio Pulse from Bill Haddad

September 07, 2023 | 8:05 pm

SWBI

Smith & Wesson Brands reported Q1 earnings of $0.13 per share, beating the analyst consensus estimate of $0.05 by 160%. The company also reported quarterly sales of $114.20 million, beating the analyst consensus estimate of $100.93 million by 13.15%. This represents an 18.18% increase in earnings and a 35.32% increase in sales compared to the same period last year.

Portfolio Pulse from Bill Haddad

September 07, 2023 | 8:03 pm

ASPS

Altisource reported a total revenue of $12 million for July 2023, with service revenue accounting for $11.1 million. The company also reported a net loss of $4.1 million and an adjusted EBITDA of $0.1 million.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 8:02 pm

AI

C3.ai Inc (NYSE:AI) reported Q1 results with top and bottom-line beats, overshadowed by gross margin weakness and mixed guidance. Total revenue was $72.4 million, above the Street’s $71.6 million estimate. Non-GAAP gross margin was 68.6%, below the Street’s 73.1% estimate. The company lowered its operating income guidance to ($100.0) million - ($70.0) million. Wedbush analyst Daniel Ives maintained an Outperform rating but lowered the price target from $50 to $42. AI shares traded lower by 12.8%.

Portfolio Pulse from Anusuya Lahiri

September 07, 2023 | 7:35 pm

EXPR

Express Inc (EXPR) reported a 6% Y/Y decline in Q2 FY23 sales to $435.34 million, missing the consensus estimate of $440.72 million. However, the adjusted loss per share of $(9.05) beat the consensus estimate of $(11.06). The company is re-assorting its women's business and seeing positive comparable sales across all categories. However, it anticipates continued pressure in its men's business through Q3. The company is also taking aggressive actions to reduce costs, anticipating $80 million of savings in FY23. EXPR shares are trading lower by 3.83% at $8.53.

Portfolio Pulse from Shivani Kumaresan

September 07, 2023 | 7:06 pm

ANF

Telsey Advisory Group analyst Dana Telsey has reiterated an Outperform rating on Abercrombie & Fitch Company (ANF), raising the price target to $62 from $56. The analyst believes ANF's improved inventory management could fuel Q3 earnings. ANF expects to reach its prior 2025 target of an 8%-plus operating margin in FY23. The company's momentum from Q2 has carried into Q3, leading to expectations of a normal holiday period. Telsey predicts 2023 same-store-sales growth of 9.7% and full-year EPS of $4.29.

Portfolio Pulse from Nabaparna Bhattacharya

September 07, 2023 | 7:04 pm

NEOG

Neogen Corporation (NEOG) disclosed preliminary Q1 FY24 core revenue growth slightly below expectations at the Wells Fargo 2023 Healthcare Conference. The company's Animal Safety core revenue is expected to decline, while Legacy Food Safety core revenue is expected to increase in mid-single digits. 3M Food Safety core revenue is expected to remain flat. Analysts from William Blair believe this will lead to a miss on EBITDA expectations. NEOG shares are down 12.50% at $19.53.

Portfolio Pulse from Vandana Singh

September 07, 2023 | 6:36 pm

AREB

PALI

SAIC

SASI

SPWH

WHLR

YEXT

U.S. stocks traded mixed with Dow Jones gaining and NASDAQ falling. Science Applications International Corp (SAIC) reported upbeat Q2 results and raised revenue guidance. Sigma Additive Solutions (SASI) and Wheeler Real Estate Investment Trust (WHLR) saw shares rise due to acquisition plans and redemption forms respectively. American Rebel Holdings (AREB) gained due to increased demand for its safes. Palisade Bio (PALI), Sportsman's Warehouse Holdings (SPWH), and Yext (YEXT) saw shares drop due to direct offering, poor Q2 earnings, and mixed Q2 results respectively.

Portfolio Pulse from Lisa Levin

September 07, 2023 | 6:30 pm